Posted on 03/13/2019 1:15:07 PM PDT by Borges
Phoenix - It’s hard to miss the dogged technological ambition pervading this sprawling desert metropolis.
There’s Intel’s $7 billion, seven-nanometer chip plant going up in Chandler. In Scottsdale, Axon, the maker of the Taser, is hungrily snatching talent from Silicon Valley as it embraces automation to keep up with growing demand. Start-ups in fields as varied as autonomous drones and blockchain are flocking to the area, drawn in large part by light regulation and tax incentives. Arizona State University is furiously churning out engineers.
And yet for all its success in drawing and nurturing firms on the technological frontier, Phoenix cannot escape the uncomfortable pattern taking shape across the American economy: Despite all its shiny new high-tech businesses, the vast majority of new jobs are in workaday service industries, like health care, hospitality, retail and building services, where pay is mediocre.
(Excerpt) Read more at nytimes.com ...
Was it much different 100 yrs ago when Henry Ford was paying his assy line peeps 5 bucks a day, about twice what peeps in health care, hospitality, retail and building services were making?
Health care jobs are not "mediocre" pay jobs.
My daughter is a highly paid, senior programmer at a very well thought of company.
I believe she makes as much as a registered nurse, not as much as a doctor.
The NYTs lies a lot.
Why does this come as a surprise to anyone? It’s just the Bell Curve in action.
They mean health care jobs that do not require higher education.
Reality is offensive to the intellectual Elysium-dwellers at the NYT.
And for that matter, when (since the Industrial Revolution) has the US workforce not been stratified?
“Automation is splitting the American labor force into two worlds. There is a small island of highly educated professionals making good wages at corporations like Intel or Boeing, which reap hundreds of thousands of dollars in profit per employee. That island sits in the middle of a sea of less educated workers who are stuck at businesses like hotels, restaurants and nursing homes that generate much smaller profits per employee and stay viable primarily by keeping wages low.”
Bullshit.
I’ve been in the tech business for over 30 years. If you have the right certs you are employed and over $100k per year. If you don’t, you likely don’t have a job in tech.
No, I’m not talking about R&D engineers, or any position the REQUIRES an engineering degree. There’s only a few 10 thousand of those nationwide.
But there are multiple 100s of thousands of IT folks without degrees over $100k. And if you have the elite certs (like CCIE), you’re likely over $200k on a 35 hour week.
Tech writers know jack.
What shift? This has always been the case. For every engineering and manufacturing job there are a bunch of peripheral jobs. Imagine a plant goes up in a small town. They employ 30 engineers and 500 other workers. For that many new jobs there will be three times that many other jobs for teachers, hair dressers, grocery baggers, whatever to support all the extra economic activity in the community. No amount of ‘focus on technology’ will change that until robots do all those other jobs.
It can read this BS. Wages are down(depressed) because of massive legal and illegal immigration!!!!
There are two keys to making money in this world:
Make somebody else money, this creates the pool from which you are paid
Be hard to replace, this creates the desire to bribe you to stay
Tech jobs score well on both. Service generally scores poorly on both.
RN’s aren’t paid that much; they should be, but they are not.
You are missing some of the most common:
Provide a service or product people want, and own the business.
Create a new product or service that does things better than they used to be done, and is more efficient/productive.
Develop a reputation for integrity and fair dealing (not by itself, but helps significantly).
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Of course there are two others:
Steal it, or deal in the black market.
Get into politics. Sort of a subset of the above two.
I know a few business owners. Very few make much in the way of money. The ones that do their business involves making other people money: real estate, financial management, brokering of some form (I know a guy that brokers space rocks, part of which involves him certifying the origin, serious bank). Making stuff puts you on the supply chain, so you’re still making money for other people (both your suppliers and distributors) in various ways. The pool for your pay always exists, gets a little oddly shaped, but the money must be there for you to make it.
And even your joke ones, still involve making money for other people and difficulty in replacement.
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