a surprisingly large chunk of our male population is now in the position where there is nothing that people can think of for them to do that is useful enough to cover the costs of making sure that they actually do it correctly, and don’t break the stuff and subtract value when they are supposed to be adding to it.
This is the most serious economics trend out there. Technology is replacing skills so quickly that even occupations once considered “safe” are becoming obsolete.
“No one would choose to work on the roadside,” said Mr. Say Thu, who tries to support his wife and children on an income of about $200 a month. “We would prefer to be indoors.”
This is the type of person who will be working in a factory soon, perhaps under conditions that latte-sipping, well-intentioned Americans will think too cruel.
I’m also reminded of my surprise, during my visit there, of the high prices for many/most of the handmade items. Even (especially) labor-intensive products like hand-sewn scarves seemed expensive and often not particularly high-quality compared to similar items from Thailand or Vietnam.
The reason: little to no automation. Blocking themselves from the outside world for so long made Burma poor.
(Source: The New York Times)
Every Friday evening, the Pulse team gets together for 30 minutes to step back and debrief. The week is usually filled with a ton of sprints, emergencies and fire drills, so these 30 minutes end up being a crucial break from the craziness. It also strengthens the team’s stability and…
He also notes Egypt’s greater number of young people, with less education-centric traditions, and lack of opportunities generally. Makes you realize how unlikely revolution is in China, at least for a while.