Re:Apple becomes first U.S. company to reach a $2T market cap
by fallingfrog on Wednesday August 19, 2020 @02:31PM
(#24214167)
Thank you, I don’t take it personally, you have to expect some flak when you tell people things they don’t want to hear. I think I’ll go back and edit where I said there was no reason to be optimistic about anything, because that’s not exactly true, and people on HN are very sensitive to hyperbole. If you are going to say something unpopular you have to be very careful to be accurate.
So much of the US economic engine after WW2 up to 2000 was driven by the fact that people were having lots of kids, and the taxpayers back then were borrowing from future taxpayers. That works if you continue to have lots of kids, but now that that has slowed down, plus the increase in labor supply via women in workforce, and outsourcing to other up and coming countries, plus decrease in demand of labor due to automation, makes for a bleak future outlook for many (as opposed to a growth outlook in the decades after WW2).
This is ignoring climate change and its effects. Which can only be remediated with reduced consumption. Which would also cause a reduction in demand for labor.