The US would only be screwed in that type of scenario if they allowed themselves to be. If things really got to that point they would just take over the deposits.
I always hear about Taiwan and TSMC for Nvidia, but what I never heard until recently is that all these forbidden and banned chips are still assembled into GPUs in China. I am not sure how the US beleives any of this will do much good when the the chips are still sent to China to be completed into GPUs and other AI devices.
I've been using Getflix for years to have my location spoofed to another country. It is a pay product though. I've used it on Amazon and mainly use it for BBC Iplayer. I couldnt ever get netflix to play nice using it or a vpn, so for it I just tunnel to my traffic to a residential address i have in mexico
I look at it more as an investment in our citizens . If you don't keep your grades up or fail out you should have to pay it back, but if you graduate and start your life, pay taxes etc the loans should be forgiven. The country would eventually get their investment back via taxes. They could implement this and some type of oversight to reign in the university costs. Easier to control indebted people though so it wont happen.
That would make sense as a program, though it might incentivize some strange Cobra-Effect type behaviour among both institutions and students. The problem is that the backwards-looking forgiveness/giveaway programs do not incentivize people to work hard or select degrees they can complete.
Practically, this makes no sense though. Those that do not complete school are the ones that will have the hardest time paying back their loans. You are just burying people further in their own failures.
Young people make mistakes. It does not benefit society to make those mistakes ruin their lives.
I think one difference is that for most investments, you get some say in what you invest in.
For public schools, you have school districts. For infrastructure you have utility districts. For libraries and parks and amenities, you have municipal government.
For student loans, though, the individual students are the ones making the decisions. The taxpayer is subsidizing students pursuing highly employable careers like engineering or medical science, but is equally subsidizing students pursuing unemployable degrees like cultural studies or literature.
And to be clear, these areas do have value, but it also seems reasonable for taxpayers to call out the fact that these are terrible ROI investments, money-wise.
Perhaps the author heats with a wood stove. You have to get wood through your labor or buying it though, so it's not truly 0$. Plus the time and effort to keep it going.
The referrals come from the c-suite. They can call up board they're on and friends that they have. I was laid off last fall and went straight HR told them where i applied and they reached out to the ceo and he called someone with me in the office. Had a job offer 1 week later
My perception of work changed after a layoff last fall. I had the typical C-Suite reaching out and 6 months of severance. After giving over a decade of my time to a company and given 6 months of pay in return my thought process changed. I was offered a job due to their contacts, but I would be in a similar situation with no laws to protect me, so I decided to decline and left the country. I had a contact in Mexico... after reading about their labor laws I decided while the pay was 50% of what i made in USA. I didn't have to worry about layoffs. For perspective had I been laid off in Mexico and worked the same amount of time my severance by law would have been about 3 years salary. That was the bare minimum by law (if the company offered a savings accounts, which most larger ones have here). A friend in HR down here did some calculations and said I would have been most likely closer to 4-5 years because of stipulations in contracts.
I would fall into this camp. I don't understand everything I am doing, but I have learned a lot through trial and error. I have an IT background in infrastructure and dabbled in automation, but never enough to be good. AI has allowed me to create things from my ideas that interest me. Is it good, no. Do I sell it though, no. I create things for myself. I wouldn't be able to do these things without it though because I didnt have the time and the teaching I had tried didnt interest me.
On one side, that's fine. Nobody can understand everything, and even the best developer has to learn with trial & error sometimes. And that these tools are enabling us to cover our lack in time/knowledge is great and brings society to new levels.
But on the other side does society also need highly educated experts, with deep understanding of things and the ability to find and prevent the s** which will harm us. This is not limited to IT, it's the same in every area.
Education prevents disaster. But AI prevents education, maybe. We will see how this will play out for us. Maybe the AI-Overlord won't be just a joke anymore at some point, and benevolent AGIs can replace the necessary experts.
