One has to be careful around opportunistic gold-rushes; if one is not actively purveying gold, one may be getting rushed.
If the US sets a debt ceiling and inevitably hits it (based on past performance), the ensuing devaluation of the dollar may lead to an even stronger form of corporatism that makes such power plays about wages, hours worked, and work conditions look relatively tame.
I think it would be good for U.S. workers as it will help make them more competitive in a global labor market.
That doesn't restrict corporations from generating profit. It just balances how they use said profits.
"Fixing" the national debt problem by putting a ceiling on it without addressing one of the main contributors to the current state of government spending and quality of life in America is a recipe for disaster.
It's okay to rip the band-aid off, but only if you're ready to deal with what may be a mortal wound.
What’s the main contributor to the current government spending ?
People may not all be financial experts, but they can do basic math and realize none of this makes sense.
>If the US sets a debt ceiling and inevitably hits it (based on past performance), the ensuing devaluation of the dollar may lead to an even stronger form of corporatism that makes such power plays about wages, hours worked, and work conditions look relatively tame.
2 years ago we were starting to properly talk about 32 hour workweeks. Sad how quickly things can go backwards. Really hope America isn't stupid and tries to go the Greece route with this inevitable crisis.
https://www.americanprogress.org/article/the-closing-gender-...
The only play that occurs to me is surviving off of gig work, building the business as a sidehustle. But I've seen so many people who seem to be permanently stuck there, with no real business to grow and no way to explain their resume gap to employers.
From what I've seen lurking here, successful bootstrapped businesses come from experienced people who know what they're doing and have savings to fall back on.
-Dropped out, no connections, still built stuff.
No cheap programmer would copy your "fixes-fences-in-Boston.com" idea. A lot of local services aren't sold properly on the internet, so if you combine the two you can get something out of your time and labour.
Also local bureaucrats love to "regulate" and automating local compliance is also a good niche. Now with all LLMs around the scope of what is possible has grown, thus the niches where it could be applied have grown too.
Don't drink the VC/YC combinator cool-aid, that you "go big or go home". It's better to own 100% of your comany, than 3% of a VC based startup most of the time. You see outliers like Facebook, Airbnb & etc... but as 37Signals has proved for the majority of startup founders the risk/reward ratio is skewed not in their favor.
The education offered by civilization includes logic that's crafted by a pedagogy that's biased toward vulgarity and social skills that don't perform well when it comes to building anything that would help a man get away from a forced commitment to anything more than maximizing viewer impressions on provocative Internet-uploaded content. The average tech entrepreneur isn't any better than a McDonald's hamburger grill operator or a female OnlyFans model or a delivery app driver, once you remove your civilly trained bias toward low resolution videos on socioeconomic dynamics.
To use a great illustration, even a billionaire techno-commercialist like Elon Musk can never hope to achieve independent wealth acquisition. Because his education, personal origin, and development are not really deviant and an instance of someone that can perform beyond the abstract black box that is knowledge given by civilization's life experiences which the life offers to every man. He will always come up short, whenever it's a question of exiting from the liberal-democratic regime and its permanent ironic anti-libertarianism stance. The question is: How to build a business that's not required to conform with all expectations, social and physical/ontological? Leading up to aerospace technology and acquiring science for Earth-to-Mars orbit transfers ain't it. Even having a business starting capital of one hundred dollars in the style of the $100 Startup comes with a history whose financial system component is tied to having a certain social obligation. A certain physical requirement commonly called life.
What's changed in the last few years is a new focus on bringing white collar labor to heel.
At least there probably won't be another eMeringue this time?
2. It is now common knowledge that one can become adequately rich from working on or investing in bad ideas, to the point where an idea isn't even considered bad if you can grift investor money from it. In other terms, it's no longer taboo to scam people richer or stupider than you; it's just "hustling".