The bank can’t survive with 0% interest rate? Growing wealth and wage inequality raises the default rate of loans. Rising student and home loan defaults diminish profitability. Many banks adopt high risk coupled with high reward (or high failure) business models. Greater risk is correlated with greater failure as illustrate by the 2008 economic crisis where high risk subprime mortgage derivatives became world famous. Derivatives exposure for banks has been discussed ad infinitum for many years. Losses in derivatives / investment markets, another area where banks sometimes have trouble.  On the topic of central banks, many are privately owned and produce profits. The financial crisis as moneymakerAug. 31, 2009 Dan Gross pointed it out Friday, and the NYT joins in today: The government’s Troubled Asset Relief Program is starting to look like a moneymaker—or at least no longer like a giant hole into which money is poured. Meanwhile, the FT reports that the Federal Reserve has made a $14 billion profit on its various crisis-fighting loan programs. This is great! Let’s a have a financial crisis every year! https://business.time.com/2009/08/31/the-financial-crisis-as-moneymaker/ Let’s me get this straight The mega rich know: “The best way to rob the bank is to own the bank” The mega rich elite also know: “GIVE me control of a nation's money supply, and I care not who makes its laws.” The mega rich definitely know how to make profit by manipulate the bank and interests rate. My assumption “The best way to rob the small medium business, the people and every other peasants(include your kids, your grand kids, grand grand kids...), is to own the interest rate privilege” This make a lot of sense, the mega rich can rob everybody easily by manipulating the interest rate at their will, they care no who take the loan, all of them has to die by pillage of debt. How do they make it work? Interest rate is some sort of “silent tax”, the govt definitely love to tax everybody to death, “nobody can escape tax and death”, is it possible to increase these “silent tax” through manipulating interests rate? Yes it is quite possible, since they have the control of the money and the interest rate, why can’t they make it work? They just need to make everybody else pay this “silent tax” while they themselves pay absolutely 0% of this “silent tax”, yup it’s a major scam, a scam to rip off the 99% while enrich the 1%. |
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The bank can’t survive with 0% interest rate?
There's a crisis and that's why they have to let the money flow with lower interest rates. I don't think that it's even 0% rates, do you have some source to back it up? === Central bank are giving out loan at zero interest rate at zero percent to who? To bank or to you? By my logic you won’t be entitle that benefit no matter you can argue to death, to the bank? Yeah possible, to the big banker like Jamie Dimon? Yes Jamie Dimon basically receive free money from central bank for doing absolutely nothing, he is loving it, why can’t he?😂 you want prove, We are not settling this in the court room, we don’t need any prove to form any verdict, yes there is a lot of prove but I’m 100% sure none of this “prove” will convince you and you will still ask for more prove because prove is as dubious as calling election fraud and we have a prove. === How can small business survive with 6-10% interest rate?
You still don't know how small businesses works. If the capital comes from loan, the profit that they generate will usually pay off the debt before getting themselves the profit. It's the cycle in the business sector. Maybe out of 100% profit or revenue, they'll only get 5-10% of profit then the rest will go through expenses and payment to debts. ==== With zero interest rate, and money given to them for free from the central bank, what sort of debt they’re paying? I think they’re paying for their luxury cars fast women fast house.😅 === How can people survive with 6-10% personal loan interest rate?
I've known people that were even able to survive with 20% interest rates. If there's a will, there's a way. You get that debt and you need to be responsible paying that. But with the financial and health crisis that's happening today, there are thresholds or extensions when the loaner shall pay. And as sign of recovering together, they'll also consider lowering the rates. [/quote] === I’d like to observe how bank gonna survive with 20% interest rate, since there is a will there is a way, this disgusting bank has to be the role model of making 20% in this market conditions, and they’re resorting to 0%, that’s major scam!😂 === |
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Contrary to popular belief, central banks of the country are not a private institution and are directly regulated by the government. In times of recession or similar crisis, the government will lower the interest rate so as to encourage borrowings from the consumers and firms, which will in turn result in an increase in consumer's expenditure and investment expenditure by firms. This results in an increase in the GDP as both are components of it.
The commercial banks should have a lower than usual interest rates when the central bank sets the interest rates lower. There's a difference between what a central bank and a commercial bank.
Tl;dr: Central Banks do not have to necessarily make a profit. They have to sometimes align with the policies enacted by the government as a stopgap to further deterioration of the economy.
=== Yup, central bank do not make profit, they provide cheap loan to smaller banks, and the smaller banks further provide loan at higher rate to end users, the point is lower interest rate is not passed down to end user during pandemics where small bank have the privilege of even lower rate but small business are often get stuck with the same rate, the rational being to help smaller bank make profit during pandemic yet killing all other small businesses, that’s some retard decision bank has made. === The bank can’t survive with 0% interest rate?
How can small business survive with 6-10% interest rate?
How can people survive with 6-10% personal loan interest rate?
Why bank is above small business and human on interested rate privilege?
This is a major scam! Can you please tell me where you have seen this happening? Because in a country if the Cebtral Bank is providing loans to banks at zero interest rate, there is no way the Bank will charge 6% - 10% interest rate from individuals or businesses. It has to be around 2% - 3% annually! So please let me know where you have seen such disparity? Secondly, banks decide their interest rate in 2 main ways! One is MCLR and the other one is Repo Rate bases. The MCLR is decided the banks based on their cost of acquiring the capital money they are lending outside. This is usually 2% - 3% higher than the Repo rate. On the other hand, the Repo rate based loans are cheaper as they are linked to the Central bank decided rate. Usually Repo Rate based loans are offered to the customers with good credit rating and previous loan repayment history. But yes, there's no hard an fast rules about it and it's on the bank to decide! === Just give a call to locate nearest bank and they will quote you the rate near instantly, you don’t need to get out of the basement and get to know the rate, on real time, 6-10% is very conservative estimate, and most banks are reluctance to provide loan at even lower rate than advertised, they always have myriad of reasons to not provide their loan to risky business such as small business. === |
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Please explain in laymen term
Bank hand out the loan at 6-10% interest rate to Small Medium business
Central bank provide low rate (0%) loan to small bank to MAKE profit
The bank can’t survive with 0% interest rate?
How can small business survive with 6-10% interest rate?
How can people survive with 6-10% personal loan interest rate?
Why bank is above small business and human on interested rate privilege?
This is a major scam!
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The economic is just a game, and the theory of the game make much more sense,
Once upon a time, everybody is living a normal mode life, then two player play their life in difficult mode, the other people play their life in easy mode and they don’t care and thinking it won’t affect their life in easy mode. Because they play life in difficult mode they get to win the most prized life, the prized life come at a cost of making other people who play easy mode in life to lift their difficulty or stay poor, they have no choice but to lift their life to normal mode. Then winner in the game call themselves the government make the life even more harder for the rest of the player by setting trap, setting rule that benefit them, while make your life on insane difficulty.
Sooner the entire world gotta play this life in a high difficulty mode, what is the point of playing hard mode in life? Because they’re so boring with life on easy mode, it’s too easy to beat the easy mode, like effortless, make it hard by 10x, you can’t beat the game then you can give up or continue playing, but you can’t beat this hard mode, because we are improving this game to the point the difficulty is not even possible to beat, it’s correct, it’s brutal hard mode, you can’t continue, you have only one chance to beat this game, it’s YOLO.
But there is the problem with setting life in op difficult mode, some people can’t live with the life that’s so difficult, they took their life to end their suffering earlier, some survive the fittest of the the survival game mode, and majority of the people have no idea what’s the problem with their life that’s getting very difficult each passing day not knowing, we had watch this among youths that’s ranting about unable to afford anything despite working like a cow but they can do just nothing to change them life.
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....
I get your point, logical brain is not something that is Turing Complete
...
Turing Complete = Any computational problem
Any Turing test = any computational test
This might be another example of 100% logical thinking individual who strictly believe logical thinking is foolproof, and they’re easy prey to all sort of crypto scams.
Turing Complete is not the "Turing test." Here it is. https://en.wikipedia.org/wiki/Turing_testTuring proposed that a human evaluator would judge natural language conversations between a human and a machine designed to generate human-like responses. The evaluator would be aware that one of the two partners in conversation is a machine, and all participants would be separated from one another. The conversation would be limited to a text-only channel such as a computer keyboard and screen so the result would not depend on the machine's ability to render words as speech.[3] If the evaluator cannot reliably tell the machine from the human, the machine is said to have passed the test. === The Turing test is kinda broad, it has a lot of examples, and it’s difficult to come to a conclusion to form a definition on it in plain text such as Turing Complete. In my limited knowledge, I will conclude it to be type of computational test that Alan Turing conducted, I would like to set it as Turing test = Alan Turing conducted computational test Any Turing test = Any computational test conducted by Alan Turing. If my perception is correct, then it’s safe to assume they’re still constrained by the computing limitation, anything outside of that is not under Alan Turing supervision on his Turing test. The Turing test is kinda massive test, I barely just skimp through it, it’s safe to say Turing test doesn’t include potential scam test, because computer isn’t so advance back in the day, for a computer to even possible to detect scam it has to go through a lot of deep learning and huge data base and still may not guarantee the effectiveness. Yes I’m assuming scam detection algorithm would be very computational heavy task to run on simple logical computer, and even with super computer today it’s still a challenge to detect online scam simply by computer, that many scam email easily slipped through junk mail filter, the effort is there but far from complete. === electronic computing, the logical core of the cpu process reading writing and listening strictly but never emotion.
...
Logic in computing, and, or, nor, xor, a combination of this logic is crucial to tackle many computing problem, binary computing system such as the cpu we used today is one of the logic processor, we called it logical core in task manager, yes the definition is correct, logic is a problem solving ability, logic contribute to create new invention, we use logic in computer to create new breakthrough software, from textpad, to bmp, to polygon, to artificial intelligence today, without logic it can’t be happening, and cpu is created by human being too, with logic thinking, it’s impossible people create computer based on experience.
I think you gave too much score to the (logic component of) CPU. Many systems don't need fancy decision-making chips. For example, a simple automatic faucet system needs to close the faucet after the container full. It needs three main components: * A sensor (and ADC) * A logical (decision making) unit * An actuator (and DAC) You see here, everything is important, and I'd argue I'd need more money spend on the sensor and actuator. If the sensor fails to detect the water level accurately, or if the actuator fails to shut down the faucet, the system is garbage. Humans also need to interpret the stimulus, and how they perceive the environment will determine how they view the world. People also need to act based on the given stimulus, and how they act will determine their success. In my previous IQ test link, it has sensing/perceiving tests and some motoric tests. My point is, logic is a subset of intelligence, along with arithmetic, vocabulary, etc. If the debate is about intelligence as the biggest asset, then I'd agree. I'm not saying that the emotion part is useless though, just less useful. === Criticism is always welcomed, yes, I try to be as conservative as possible when giving credit to both CPU and a living counterpart, not trying to be exaggerating but it’s a reality computer is much superior on a lot of aspect, for read write and listen speed computer can outperform a typical human easily by a factor of 100-1000x, except some tests that conducted on super brain celeb show that clearly show human can beat computer too on certain test on speed. Generally a typical computer can do a lot more, be it on household chore to calculation to personal assist to industrial output, on any repetitive, computer would surely excel. I think nobody would contest against what computer can’t do but human can do, there is literally none. However stick to the topic, logical brain is greatest gift and greatest mistake. === |
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P/S: I’m both a logical and emotional thinker.
When you are emotional, you don't think, you react. We use reason and logic to detect falsehoods, make sense of the complex world around us, and in the end, help us survive in this dog-eats-dog world. Most emotions are counterproductive, probably an evolutionary side-effect of a complex brain. The last line is to emphasise my take on self improvement effort By being self aware of the pros and cons, I know brains is not perfect as perceived by many, Being counterproductive, I’m sure it’s to balancing out the cons of the said counterpart. Most of the time, emotion, fear/happy/brave/sad is required to survive the harsh condition. Is it true we never think based on emotion? My take is emotion is pre-constructed on daily basis and come to effective use when the time best suit, that’s mean the emotion does the thinking beforehand it’s needed, while logic is doing it on real-time. Neurone the smallest unit of brain cell connecting each day and forming the emotion intelligent. Neurone also connecting each synapse to forming logic gates, for logical brain. The distinctive type of connection on synapse distinguish how the brain function (kinda like and, or, nor, xor, nand. cpu chip connecting transistors on a way that oppose to memory chip connecting transistors). Contradict to popular belief, logical brain may not do its job on detecting scam, logical brain does instead equal scam to A+B=C and skipping the counterproductive step, it’s where I want to blame logical brain is an error/ a mistake/a disaster, oftentimes it’s a greatest one mistake, the one mistake that’s too big and it’s fatality. A financial scam can totally destroy a one seemingly perfect smartest person such as Isaac Newton, I wouldn’t call it a small mistake, it’s one grave mistake. Logical brain not only is greatest gift, it is also a deadly mistake. ===== Logical brain is ...
...As you describe it, NOT some thing that would pass the Turing test. I get your point, logical brain is not something that is Turing Complete Definition Turing Complete refers to a machine that, given enough time and memory along with the necessary instructions, can solve any computational problem, no matter how complex. Note: Any Computational problem =/= all type of real life problem. Note: Any Complex computational problem =/= all type of complex real life problem Alan Turing definition does make logical sense strictly on Computing environment. But for some instance, especially ridiculous problem such as scams, I wonder his theory can be Turing Complete. Yes Turing Complete refer to solving all sort of Logical problem strictly, it never mentions about anything outside it. Turing Complete = Any computational problem Any Turing test = any computational test This might be another example of 100% logical thinking individual who strictly believe logical thinking is foolproof, and they’re easy prey to all sort of crypto scams. |
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The question is how is life in the hell?
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I do not think the brain is the problem because its only a tool that allow you to process the informations around you but it does not mean that the conclusion you reach after proccessing them is true because the truth depands on
how each individual think about a certain subject and the main problem for people diffrences is that everyone think he is the right one.
Yes, this a stupid thread, it is not really make sense or is it a right or a wrong, it’s a both right and wrong it’s pointless thread to debate it has a one side, nope it has none. The point is as Vod point out, how can a perfectly logical thinking bitcoiner willingly to send one btc and getting two back even though everybody keep telling them it’s a scam they shouldn’t send it at all cost, A : you send one BTC B : they send you back twice the BTC C : you get two BTC Hence A+B=C make logical sense to them, they think doing both A and B (A+B) they get the result of C, without failed. their logical brain must have totally toasted, and more and more people are getting scammed on the emails phishing, calls, loans, there won’t be a stop to these complete non sense. The ironic, because their logical brain is overwhelmed by the strong believe A+B=C and they blindly send it without even thinking further with their other brain that’s more scam resistance. In this case their logical brain is a biggest mistake and making BIG mistake foolishly. ===== I check the list, it’s without doubt an extension of read write and listen which is basically logical skills that required logical brain, the same on electronic computing, the logical core of the cpu process reading writing and listening strictly but never emotion. Logic in computing, and, or, nor, xor, a combination of this logic is crucial to tackle many computing problem, binary computing system such as the cpu we used today is one of the logic processor, we called it logical core in task manager, yes the definition is correct, logic is a problem solving ability, logic contribute to create new invention, we use logic in computer to create new breakthrough software, from textpad, to bmp, to polygon, to artificial intelligence today, without logic it can’t be happening, and cpu is created by human being too, with logic thinking, it’s impossible people create computer based on experience. Yes, it must be the logical part of the brain that make it happen, how did Isaac Newton discover gravity when the rest of the world do not know there is gravity because they thought bird can fly on air from their experience which contradict with the gravitational theory, and Issac Newton prove it with logical study later, and then we have logical equation like A+B=C, for Newton Issac, his logical equation is velocity, acceleration, gravitational force, his Newton law of gravity/motion. Back to the title, logical thinking is great it create a lot of miracle and turn a lot of impossible to possible, and solve a lot of difficult life problem, it’s a greatest gifts entitled, but it can also be a greatest mistake, it’s not a 100% foolproof ability. More example why logical thinking can be false. 1. Once upon a time, many highly regarded scientists think Moore’s law will double the computing power every 8 years, and it quickly revise to 4 years, and today nobody know whether Moore’s law is still relevant. 2. People think internet won’t replace brick and mortar because A+B=C, internet was a vapourware, today it’s all changed, logical is flawed once again. 3. Rocket science is not A+B=C, because gravity changes from each altitude level it ascend thus contradict with Newton’s law of gravity and motion, it’s impossible to design a working rocket with a logical thinking. (Talk about failed rocket launching attempt.) 4. What’s the internet black hole? There is no way to explain it with logic even though it’s all about logic (off and on) (0 and 1) on its design. |
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Think about the people who invent the new tech: GPS, accelerometer, wireless network, Bluetooth, computer chip, computer software, all of them require a lot of logical thinking but not a lot of experience, which required their logical brains to think and solve/tackle problems.
Using different terms I could explain how inventors rely on experience (electrical laws/IDEs/language) more than logic, but I think we are both arguing the same thing using different POVs. Logic designed the Starship. Experience will make it work.  That’s it, take another example, I think this one is the reason drive me to open this thread: In short, when we think we can change this world to better and fix all social and economic problems by improving logical skills, by advocating STEM in education, and believe it might be sustainable and won’t face another crisis like the past time, we failed to realise, we eventually come to a point, a point of futile effort, because it’s the god wills that want to purge this world who try to get into utopia by being 100% logical thinking, trying to fix all social and economic problem, hence we have yet another crisis once again despite we try by being technologically advanced to a point every nation is highly logical thinkers still we faced yet another crisis, because we thought logical is gonna 100% work and won’t failed and faced another crisis again, but nope, we may have over confidence, because to turn to a world of utopia, it’s not as simple as A+B=C. It’s a double edge sword, and the odd of getting hurt by manoeuvring this dangerous sword is landslide high, can we see the result today? Yes it’s the covid, is it what we deserve when we try? Opinion? |
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Logical brain is biggest gift(biggest asset) and also a biggest mistake(biggest liability)
Logical brain make us believe thing would work as A+B=C, when the logical brain get too strong, we eventually come to a point we think it’s how the nature work, we foolishly believe rainbow is a phenomenon, gravity is real, wine is alcohol and mixture of ethanol, and foolishly make us 100% sure your logic can’t be wrong, foolishly believe physics, chemistry and biology can’t be wrong, science can’t be wrong, religion can’t be wrong, wars can’t be wrong, election can’t be wrong and so on.
When scammer applying logical thinking into financial scam, A+B=C, it is where smartest people get scammed and loss a fortune, because they blindly believe the scams also work as A+B=C.
It's not logic that makes us think gravity is real. It's the quadrillions of successful interactions with gravity over billions of generations that makes it instinctive for us to put a foot out and fall onto it. It's not logic that makes us think A+B=C either. It's the millions of times thousands of people have taken A, added B to it, and got C. Our brain works off experience, not logic. The people that act logically (go out to the receding ocean to grab fish) don't pass on their genes, but the ones that observe what happened will use their experience to override their logic. Logic tells you sending one btc and getting two back instantly is good. But experience tells you not to do it. I think it’s important to recap logical thinking. We believe a human brain consist of two part, a logical processing/problem solving half brain, and a emotional processing half brain, the other being the involuntarily physiological processing “mini” brain that regulate how our heart, digestive system, lungs function involuntary , logical brain are big part contributed to how a kid learn and mastering subject such as calculation and scientific study, I believe highly logical young forces are “must have” for a rapid growing high tech nation. In short, it can’t be experience that contribute to a logical thinking. Think about the people who invent the new tech: GPS, accelerometer, wireless network, Bluetooth, computer chip, computer software, all of them require a lot of logical thinking but not a lot of experience, which required their logical brains to think and solve/tackle problems. And yup I’m calling this problem solving ability is a biggest gift but also a biggest mistake, because it make us foolishly believe logic is perfect and can’t be wrong, but there is occasion it can be wrong which is proven once again by Newton Isaac, he may can solve all the scientific problem but he can never solve how a scam work. |
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How big?
I mean, how big is this brain exactly?
Is it really, really big?
I choose it to be a political discussion, because it’s no longer about debate about what’s right or what’s wrong, it’s both right and wrong for all the reason, when a thing can be both right and wrong at the same time, it’s politically corrected, How big is this brain exactly? It’s currently the biggest one that moving this planet Earth, with many undersea cable connecting all of them together and form a network of largest logical brain and rule how to make this world work, is it scary? |
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Logical brain is biggest gift(biggest asset) and also a biggest mistake(biggest liability)
Logical brain make us believe thing would work as A+B=C, when the logical brain get too strong, we eventually come to a point we think it’s how the nature work, we foolishly believe rainbow is a phenomenon, gravity is real, wine is alcohol and mixture of ethanol, and foolishly make us 100% sure your logic can’t be wrong, foolishly believe physics, chemistry and biology can’t be wrong, science can’t be wrong, religion can’t be wrong, wars can’t be wrong, election can’t be wrong and so on.
When scammer applying logical thinking into financial scam, A+B=C, it is where smartest people get scammed and loss a fortune, because they blindly believe the scams also work as A+B=C.
That’s false, logical thinking is not the utmost ultimate answer to a question, it’s not a 100% foolproof, logical thinking apply a lot of assumption, assume A is really “A”, assume B is really “B”, so that we can finally prove that A+B=C, often time in the scam A in the equation is not a real “A”, B in the equation is not a real “B”, thus the Issac Newton get scammed on south sea company crash.
Conclusion, logical thinking is not only the biggest gift for you, it can also be a biggest liability. It’s just a tool with double edge sword.
P/S: I’m both a logical and emotional thinker.
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By first bitcoin would eat the fiat and render it worthless and all the fiat billionaire are rendered pointless since they have no coiner but fiat garbage, and bitcoiner shine like the rare Pokemon, next everything that backed by fiat also come to worthless, that include your favourite pizza, you can’t measure with how many pizza you can purchase with one satoshi anymore by the time, because the worthlessness fiat has eat all the fiat billionaire accumulated wealth and hence their products too.
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Meh, this remind me of bithumb, I didn’t know PayPal could go this low because bithumb has banned my account for over three years just because I signed up a user and send some fund and being a loyal user for just less than 2 months, that’s also come with spam email and kyc crap and threatening letter from them from time to time, absolutely horror story to tell my little nieces.
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I don't think it's good to rely on just being a YouTuber or gamer and such since it's only temporary unless you already have the name in that industry. Also, I have seen a lot of people trying to be a vlogger and a gamer but not everyone has the same opportunity to gain popularity and income from it. But being a freelancer can still be considered having a job, even if it has no benefits like the usual worker. It's good for you that you don't need to be working for others to earn income since you were able to do that in several ways.
=== I can tell they’re going to be the history very soon because the profit they can cope on those platform are depleting fast, that’s why we begin to move to the next “big” thing, I believe it has to be something that many people enjoy doing it during lock down. === I do not have job but it doesn't mean that I just being dependent on my parents and my family for me to live, I have businesses and I managed different portfolios in cryptocurrency and stock market. If you say job, usually those people are the employees who are working for someone or working for corporations. I'm self employed where I'm a trader and I use my skills in order to fulfill the services needed by someone. Actually you can really survive without applying for jobs because there are a lot of opportunities in different types of market.
I'm a type of person who have good mindset wherein I want to become a investor or a self employed than to become a employee. I also hate applying jobs and for me it is a waste of time even though there are some benefits. I said it is a waste of time because my skills are becoming waste if I just become employee.
=== That’s true, a lot of people regret wasting their time on a job that don’t appreciate their skill, doing something we will regret later will never get us ahead in life, I don’t think those gamer will ever regret they waste a lot of their time on gaming, the same for the other online “jobs”. === I have been "jobless" for 5+ years as well, I do not find it any effective to try to get to a regular job where you have to wake up very early, go to a place with a bus, work there for 8 hours not really working for all of it and just killing time in most of it, then go back to your home at night for maybe dinner time (maybe not even that) watch a show and sleep and repeat that. This type of life that was pressured people to live for few hours a day of their life really doesn't make sense to me, I could find a job tomorrow if I want to but that method is not for me at all.
So, I have been freelancing for 5+ years now and I am very happy about it, I make my own time, I work whenever I want to and I do not kill time here, when I have a job to do I work and other times I can do whatever I want to.
=== Yeah, the job market has be horrible for many years and they’re not improving, that make zero sense to get a job when the effort you spend outpace the benefit, oftentimes you can’t have saving at all working for a job and that’s not something unusual I had read some streamers rant about how they can’t save money working as a high paying executive, their pay check has to go to tax and whatever levies that’s not really a part of their job agreement, but they’re not going to end, eventually nobody will want a job that most of their pay will go into somebody else. === Are you sure you consider YouTubers, gamers, and freelancers to be jobless? Maybe I want to make things right, they are not jobless, but they are working the way they are taking and according to their passion. Nowadays, the world has shifted slightly with the concept of working for many people, it used to be very different.
In the past, people who did not work regularly for 8 hours at the office were considered unemployed, but nowadays there are many job options that someone can choose. And in the future around 10 years, maybe more people will spend their working time at home or anywhere. Some job professions will no longer be hired by companies because they will be replaced by freelancers. Such as accountants, data scientists, and many more. Companies don't need to hire someone to stay in their office to work on financial reports or even data from the company, they just need freelancers and cut a lot of routine company costs.
=== Those “jobs” existed around this world for less than 10 years, yup, it might be some sort of “new job” if you insist it’s one, before 2008, we don’t have this sort of jobs to begin with and nobody would call that a job. === |
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It's a matter of time until people will have nowadays hobbies as full time jobs in the near future. Technology is evolving fast and taking the most repetitive and hardworking tasks humans have been doing since centuries ago. Once these jobs don't exist anymore what will people do for a living?
Of course human kind will have to adapt themselves to this new world and be creative to find new sources of income. And I'm sure internet will play the main role when this happens. Most people, if not all, will have to live from an internet income. When people say crypto currency is the future they aren't kidding.
=== That will be a challenge to tell old people to make some income over the internet, it might even be a challenge to tell your teacher too that you don’t need to go to school to get a job because you have internet income! That’s sound bizarre you are living a totally isolated world that very few people know about it, but it has been around for quite some time. === The problem with a lot of people these days are the fact that governments are making it easy for people not to have to work. In many countries, high unemployment and the lack of jobs are forcing governments to pay social grants to the people that cannot find jobs and this is all funded by middle and upper income groups that are also suffering to survive in these difficult times. So the jobless give up and simply live off these grants and the employed people gets taxed to death to fund it. We need to get more "online" job opportunities with decent payment and also some benefits. (These Streamers and Freelancers gets no benefits and only a small percentage of them do well enough to provide it for themselves.)  === I’m unsure of government involvement into job market, they’re not hiring a lot of people, the government reserve a few slot for the people who want to work for the government, which promise great pension benefit and bonus, I think it is the thing of the past, but I believe the pension has been getting a lot of pay cut, and thing are getting dire after the 2008, and we have all sort of corruption going on, and there is absolutely no job since then. === Isn't it that what makes those things, YouTube and Gamers, exists because of jobs? It exists because there are people who make games and get paid for it = Job. YouTube cannot exist if no people monitor and make sure that it does the way it is. Freelancers wouldn't have their tools if it weren't for the developers' jobs made by a company, the employer. People can achieve freedom anytime, but can you be comfortable knowing that freedom is not knowing when you will get food?
The job market is becoming more specialized and more focused on different fields. It's just up to you to be up for the job. Whether or not you like jobs or not, people are still counting on it for a living, and it wouldn't stop now. It's different for everyone; whether you want a job or not, not everyone gets to have that opportunity. Be grateful you don't need one and still live comfortably.
=== I’m sure YouTube didn’t start out as a job for commoners, since google acquire it and monetise the video content, a lot of talents come to it and make freelance musics content, namely VEVO etc, and it was a booming business during its peak. The same with gaming, gamers didn’t get paid for playing games, they’re doing it just to not get bored, and it’s absolutely intrigue to know gamers get paid for gaming, well I might not able to catch up with this changes. Also the virtual in game currency is not really a money, it can only be spend on the game itself, there is some changes that I can’t explain myself, because the virtual currency from the games is slowly getting into a currency of a real world, that’s some absurd thing going on, but nobody have an answer for that. === |
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Isn't it that what makes those things, YouTube and Gamers, exists because of jobs? It exists because there are people who make games and get paid for it = Job. YouTube cannot exist if no people monitor and make sure that it does the way it is. Freelancers wouldn't have their tools if it weren't for the developers' jobs made by a company, the employer. People can achieve freedom anytime, but can you be comfortable knowing that freedom is not knowing when you will get food?
The job market is becoming more specialized and more focused on different fields. It's just up to you to be up for the job. Whether or not you like jobs or not, people are still counting on it for a living, and it wouldn't stop now. It's different for everyone; whether you want a job or not, not everyone gets to have that opportunity. Be grateful you don't need one and still live comfortably.
Are you sure you consider YouTubers, gamers, and freelancers to be jobless? Maybe I want to make things right, they are not jobless, but they are working the way they are taking and according to their passion. Nowadays, the world has shifted slightly with the concept of working for many people, it used to be very different.
In the past, people who did not work regularly for 8 hours at the office were considered unemployed, but nowadays there are many job options that someone can choose. And in the future around 10 years, maybe more people will spend their working time at home or anywhere. Some job professions will no longer be hired by companies because they will be replaced by freelancers. Such as accountants, data scientists, and many more. Companies don't need to hire someone to stay in their office to work on financial reports or even data from the company, they just need freelancers and cut a lot of routine company costs.
=== That’s some amount of denial, I’m extremely interested on how you guy write on your job resume, your job experience: “making YouTube videos, play games, sleep, mining bitcoin, freelance, hacking, bounty hunter manager. I’m sure all of you will be kick out of the interview room to write on that resume. nice joke BTW. Nope you should never write those on the resume to be serious, nobody will call that a job. Not your parent, not your employers, not your government too. === |
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Good for you. And this is a growing trend in countries with inefficient job markets and/or a low universal wage.
Especially during the COVID pandemic, it doesn't quite make sense for people who have recently just lost their jobs to slave away for measly dollars finding new employment where they are underemployed when they can find much better opportunities online (given they have skills).
Be flexible and be ready to upskill. I think that is the mantra in this modern job environment.
Yeah the job market is a JOKE, there is literally judging you based on how much money you can ROB the society on your product, they don’t want a product that’s great all they care is profit, that’s fine then, if the profit is all that matter we would eventually get into this never ending rabbit hole where we seek destruction over progression, yup this is the world we are having right now where profit rule, I love to see this world burn and soon the government employers bank social leeches and all of them will suffer the most, look at them right now, they’re all over the place and making noise, that put a smile on my face, because they finally feel the pain of their own creation. |
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I've also been unemployed for about two years. Initially, I didn't want to work, but it is difficult to find a well-paying job.
Finally, for the past two years I have focused on making money from the internet. Such as trading, bounty hunter, captcha typist,
online shop and youtube. Didn't expect the income I got per month to exceed my income when working as a bank employee.
I don’t like working for a employer, I actually quit within the probation a highly paid job, because it’s suck to selling my soul to this job market and getting absolutely drained, whether get older by a few years worth of getting that pay, nope, I’m not regret to quit the job, because they can’t value my potential, my potential is unlimited not confined on their judgement, and I had prove to them I don’t need them for 10 years and still doing great! |
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