The quest for better fuel mileages also makes a big difference. Cars looks like jellybeans for aerodynamics. It’s also difficult to get a 6 cylinder engine compared to the past.
So you don’t believe that worker productivity can increase? History disagrees. Do you invest your money or do you view that as somehow getting free lunch?
The energy density of a battery is so low though. That means a lot of capacity must be dedicated to batteries instead of cargo. Meaning you need more trucks.
Most East Asian countries have a huge advantage in labor cost. If they don’t have one now, they often did in the past during the ascent. That’s basically the definition of zero-sum. Yes, worker productivity increases over time, so the size of the pie grows, but how those gains are distributed is zero-sum. It’s not clear to me that growing your power, e.g. receiving more of the pie, somehow leads to you increasing productivity more later.
Have you heard of supply and demand? Suppliers have a price point at which their willing to supply a good. That price point is dependent on the input costs of producing the good. For knowledge workers, the input cost is your cost of living. It’s not so much that it “makes sense” to lower the salary of people in low cost of living areas, but it’s very likely the supply curve has shifted.
Directly dealing with a counter party is called a market. A “market maker” is called so because they literally create a market by ensuring there is always is a counter party.
I’ve worked both in the EU and the US. Working in the US is 100% worth it, especially if you don’t have kids. It costs about 10k to move one’s belongings to Europe, including having people pack your stuff. If you don’t like living in the US, you can leave at any time for relatively little money. My experience is that the money is worth it given the relatively few strings attached.
The steam deck has the potential to be huge. I want to game. I have a mac book and I don’t have a dedicated to desk to play on even if the game selection on mac was good. I don’t want a bulky console cluttering my living room. The steam deck fills this niche perfectly, just like the Switch, but with a different catalog. I hope they can iron out the bugs.
> There is no such thing as a “forex market”. You are trading directly with a counterparty in forex.
That’s called a market. You probably mean a market maker, who may buy or sell a security at a market price without an available counter party. Any market can have a circuit breaker. But usually forex doesn’t because the whole point of the market is to provide a way to convert currencies when needed, compared to stock markets where the main goal is to efficiently allocate capital.
It sounds like the issue is that the stocks aren’t locked up for some period of years, leading to a situation where Tim Cook could take the money and run.
It wasn’t I’ll-thought out. It was an intention decision by the chancellor Gerhard Schröder. Immediately after leaving the chancellorship, he went to work for Gazprom and oversees Nord Stream and Nord Stream 2.