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[email protected] dcaster@krl.org is offline
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Default Starvation Wages

On Sunday, September 1, 2013 10:04:31 PM UTC-4, Ignoramus27947 wrote:

Correct. Smaller and smaller in number, as time goes on. It is a slow

process, but inevitable.


I spend nights worrying about this stuff and related issues.



There is no place to hide.



i


This discussion has been about wages, and finding good jobs is getting more and more dificult. Computers eliminate jobs in two ways. One is where the computer does the work that used to be done by a human. The other is where the computer increases the productivity. An example of this is the Draftman. A draftman is now much more productive than when drawings were made on vellum using ink. I have no good solution for finding good jobs, except to say that one needs to constantly work at staying current in your field. I had a lot of experience with that as the estimate is that half of what an electrical engineer knows is obsolete every seven years. So I had to constantly learn in order not to become obsolete.

But wages are only part of getting by. The other part is saving and investing. Pretty much all my working life, I spent less then what I made and invested that money. So now I have been retired for fifteen years and the largest part of my income comes not from pensions or Social Security. But from dividends and the " Required Minimum Distributions " from my IRA's. So my solution to starvation wages is income not based on wages.

Dan

Now for the metalworking part of this post. I managed to disassemble my Mill/Drill into pieces I could cope with and move the parts down the stairs to the basement. Still need to beef up the stand and move it to the basement. The garage is just too cold in the winter and too hot in the summer.

In surfing the net, I found this website that has both electronics and metalworking info. http://conradhoffman.com/

Dan