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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Maurice Winn who wrote (3897)11/4/2019 10:56:13 PM
From: elmatador  Read Replies (1) of 13795
 
Only the the desperate and the bottom of the barrel are willing to move to the advanced countries.

Why that if there is so good?

The jobs here are only menial work and they have to adapt to a new local normal.

That is why they attract Somalis, Haitians, Syrians running from army conscription and the rural most uneducated. And they bring along with them their normal.

As that became established, and advanced countries got a taste of what is to have people who moved there as an act of desperation they run special schemes to attract the educated people.

These go for the money and want to get the same level payment and working conditions of the locals.

Your premises forget about the mean time between the now and the then.
It is a common mistake of people who do not think deeper.

They envisage a future and they forget the painful steps to get there.

Not only individuals such you, but governments too. Witness China.

They also exclude the Law of the Unintended Consequences. and that law is a bitch !

Between now and your future there are billions of old folks. Unless you ask them t commit collective suicide, they're refusing to die out.

This interim time is the now of Japan. It is the canary in the mine.

Europe is being Japanized faster than Japan. It is economy living off stimulus (aka QE) for the past decade.

I am watching
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