Tuesday, July 31, 2018
Permanently Underpaid
The
populist movement that elected Donald Trump was heavily focused on bringing
solid-paying blue-collar jobs back to the United States. Disenfranchised coal
miners and assembly line workers ignored the decade-after-decade decline in the
demand for their services, the serial bankruptcies of their traditional
employers, the change in environmental requirements and the fact that labor was
now a global commodity. Even as automation leveled the production cost playing
field between developed and developing nations, even as international
outsourcing faded as the most relevant cause of job displacement, blue-collar
workers believed that they could push the clock back and recapture a labor
system long since rendered obsolete. Economists knew that this could never
happen… progress seldom unwinds to return to costly and inefficient processes.
Even
as many white-collar jobs, some even at the top of the food chain (investment
advisors, financial analysts, lawyers and even surgeons), vaporized as complex
robotics meet-ever-more-sophisticated artificial intelligence, there was (still
is) this pervasive assumption that a college education is a panacea, regardless
of degree, an unwavering path to a better job and a lifetime of solid earning
power. Not exactly. Certainly not always.
Forgetting
about the eventual impact of growing artificial intelligence in the workplace,
there are a couple of axioms from the old job market that continue to apply to
contemporary employment, as a number college-educated young adults first
entered the job market during the last Great Recession, and this one in particular: the lower the pay of
your first real post-college job, regardless of the reasons, the lower you can
expect your earnings to be for the rest of your life.
Work
as a barista pending another degree? That “between years” job won’t be enough
to satisfy a top law or business school admissions office; that low-pay journey
will of necessity delay your entry into that ultimate professional job
(assuming you stick with it), which will cascade into the rest of your earning
life… all the while those who started earlier at that better earning power work
will be years ahead in raises and promotions by the time you get to market.
But
wait, it gets worse if that is a “take a little less to get your foot in the
door” job or if an economic downturn has momentarily dropped entry-level pay
for that career. Raises and promotions, with some serious exceptions, usually
evolve from those entry-level pay scales. Start low, a 10% raise is against
that lower pay level… and so on, and so on.
Another
feature of the current job market is the severe polarization between what jobs
get the fabulous pay… and the rest. College grads often have to take what they
can find, dive into the gig market of contract work or Uber/Lyft or take second
jobs. We call that underemployment, and since job figures are based on
“averages” – where very high pay at the top makes everyone look rich but the
median workers are hardly well-compensated – seeing how much underemployment
there is in the United States takes some of digging. Politicians love averages
and falling unemployment numbers… even if those numbers fall apart in deeper
analysis. Here’s how important it is to make that first real job after college
count:
“Although
making lattes or staffing a cash register is often considered a youthful rite
of passage during that bumpy transition from campus to the workforce, new
research suggests that settling for a subpar job out of the gate can harm
career prospects for years to come.
“Two-thirds
of people who were underemployed in their first job after college were still
underemployed five years later, while only 13% of new grads who landed
college-graduate-level jobs right away were underemployed after five years,
according to a study released in May by Burning Glass Technologies, a labor
market analytics company, and the nonprofit Strada Institute for the Future of
Work.
“Underemployment
gets harder to escape as time goes on. Three-quarters of those who were
underemployed five years after college continued to be so at the 10-year mark,
according to the report.
“The
skills and professional connections gained in the first job help lead to the
next and then the next, and those who missed out early have a hard time
catching up. Their earnings fall behind. Recent college graduates who are
underemployed earn, on average, $10,000 less a year than their counterparts
doing college-graduate-level work, the report found.
“Women
are disproportionately affected — 47% of women were underemployed in their
first post-college job, versus 37% of men, the report found. The researchers
didn’t examine the reasons for the gender divide, but it could be linked to the
growing specificity of job descriptions, as research has shown that women are
less likely than men to apply for a job if they don’t believe they meet all the
listed requirements, Burning Glass Chief Executive Matt Sigelman said.
“‘That
first job is so critical because so many who do start out behind stay behind,
and the financial implications are substantial as well,’ said Michelle Weise,
chief innovation officer for the Strada Institute. The research was based on 4
million resumes of people who graduated after 2000. To account for rising employer
standards, it defined college-graduate-level jobs as those for which more than
half of current job postings require a college degree.
“In
decades past, wandering aimlessly for a while after college was an accepted
part of the transition to adulthood. Today’s new grads face a very different
labor landscape that favors the focused, the researchers said… For one,
ballooning student debt — approaching $1.5 trillion nationally, with
California’s new graduates on average facing nearly $23,000 each as of 2016 —
makes it unwise to cut short earning potential.
“In
addition, employers no longer expect new hires to stay with the company for the
long haul and so many don’t invest in entry-level training, yet they have high
expectations that people come in with a specific skill set, Sigelman said.
“Meanwhile,
the population of college graduates has risen markedly — more than one-third of
people over 25 have at least a bachelor’s degree, compared with about one-fifth
20 years ago — which has made it harder to stand out and has enabled employers
to make college a prerequisite for jobs that traditionally didn’t require it.
And new graduates face competition from older peers still recovering from the
misfortune of graduating during the Great Recession.” Los Angeles Times, July 9th.
Young
adults don’t have the same leeway to spend time “discovering themselves”
anymore. They need to get on a job track early, in the earliest years of
college, or their fellow students will leave them in the underemployment
earnings dust… forever. Employers also prefer focused and directed students who
know what they want… and whose education is fresher and more relevant.
I’m Peter Dekom, and in the world of
harsh competition and too many people wanting the same goal, he or she who
hesitates… is quickly left behind.
Monday, July 30, 2018
In a War between the U.S. and Iran, Who Fires the First Shot?
To
Iranian President Rouhani:
NEVER, EVER THREATEN THE UNITED STATES AGAIN OR YOU
WILL SUFFER CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER
SUFFERED BEFORE. WE ARE NO LONGER A COUNTRY THAT WILL STAND FOR YOUR DEMENTED
WORDS OF VIOLENCE & DEATH. BE CAUTIOUS!
8:24 PM - 22 Jul 2018 Donald Trump Tweet.
There’s
little doubt that Iran is a regional rogue state and troublemaker. Their
government is not particularly popular with their own people. Their censorship
and religious dress requirements along with a deep mismanagement of the local
economy leave their people socially repressed and economically depressed. But
protestors are severely punished, some even perish. The Revolutionary Guards
are harsh. The Ayatollah is unbending and the ultimate power in the nation,
trumping elected representatives at every turn. But please do not assume for a
second that the locals’ hatred of their leadership remotely means the people
have any real affinity for the U.S. For the most part, they hate us only
slightly less than the hate their own leaders.
They
covet becoming the regional power, a Shiite nation (Shiites represent only about
20% of Islam) with connections and foot soldiers all over the Middle East.
Lebanon, Syria, Iraq, Gaza and Yemen are just a partial list. In a war, they
would instantly mine the Strait of Hormuz (see the map above), effectively
cutting off most Middle Eastern oil from reaching Europe. Their sleeper cells
all over the West, including the United States, would begin to take action.
They have the potential of reigniting their nuclear weapons program at the drop
of a hat, particularly if the United States forces Europe to stop buying their
oil effective on September 1st. Do we attack their mainland? With
what? From where? What’s the trigger?
Donald
Trump has now authorized a U.S.-controlled media campaign against local Iranian
politicians and officials and other anti-Iranian policies (like the new
sanctions). “In Washington, U.S.
officials familiar with the matter told Reuters that the Trump administration
had launched an offensive of speeches and online communications meant to foment
unrest and help pressure Iran to end its nuclear program and its support of
militant groups.” The Cipher Brief, July 23rd.
The
goal is to turn the country against the leadership, perhaps fomenting rebellion
or at least influencing local elections. Hmmmm. Where have we seen this before?
But it’s ok, because The Donald is ordering it. Iran’s President Hassan Rouhani
told Trump was begging for trouble if he made good on that threat, saying, “war with Iran is the mother of all
wars.” Trump’s response is above. Sabre-rattling… again. And the
probably answer to the title question just might be Israel, acting as our
surrogate.
Russia
has sidled up to Iran with military aid and a mutual agreement on oil
production. So once again, the United States and its newly anointed best-friend
Russia might duke it out through surrogates. Last time, the U.S. supported the
rebels in Syria against the Assad government. Russia supported Assad with
vastly more money, arms, and even fighting men than did the U.S. for the
rebels. The Assad regime is almost finished obliterating the rebels, content to
have used Russian-supplied barrel bombs, planes and poison gas on its own
people. We lost, by the way.
This
time, it will be Israel for the U.S., and Iran for Russia. We might get
involved, but probably not. If bluster turns to violent military confrontation.
Trump does very little in the way of real warfare, however, if you haven’t
noticed. Lots of bluffing and posturing. Very little real military action,
which turns out to be what should happen. Nothing.
Only
July 22nd, a cadre of very successful and very patriotic
U.S.-citizen-escapees from Iran – professors, lawyers, doctors, business
owners, etc. – took out a full-page ad in the Los Angeles Times admonishing the
ill-informed Trump administration that if it mounted its threatened
anti-leadership media campaign in Iran, that leadership would use that fact to
rally the people to their support. It would give Rouhani, the Ayatollah and the
Revolutionary Guards even greater justification to clamp down. In short, such a
Trump effort would produce exactly the opposite effect.
The
July 23rd The Cipher Brief (citing Reuters) explains the background
of this latest dispute: “Iran faces increased U.S. pressure and looming
sanctions after Trump’s decision to withdraw the United States from a 2015
international deal over Iran’s nuclear program.
“Addressing
a gathering of Iranian diplomats, Rouhani said: ‘Mr Trump, don’t play with the
lion’s tail, this would only lead to regret,’ the state news agency IRNA
reported… ‘America should know that peace with Iran is the mother of all peace,
and war with Iran is the mother of all wars,’ Rouhani said, leaving open the
possibility of peace between the two countries, at odds since the 1979 Islamic
Revolution.
“‘You
are not in a position to incite the Iranian nation against Iran’s security and
interests,” Rouhani said, in an apparent reference to reported efforts by
Washington to destabilize Iran’s Islamic government…
“Current
and former U.S. officials said the campaign painted Iranian leaders in a
harsh light, at times using information that is exaggerated or contradicts
other official pronouncements, including comments by previous administrations… Rouhani
scoffed at Trump’s threat to halt Iranian oil exports and said Iran has a
dominant position in the Gulf and the Strait of Hormuz, a major oil shipping
waterway.
“‘Anyone
who understands the rudiments of politics doesn’t say ‘we will stop Iran’s oil exports’...we
have been the guarantor of the regional waterway’s security throughout history,’
Rouhani said, cited by the semi-official ISNA news agency… Iran’s Supreme
Leader Ayatollah Ali Khamenei on Saturday backed Rouhani’s suggestion that Iran
may block Gulf oil exports if its own exports are halted.
“Rouhani’s
apparent threat earlier this month to disrupt oil shipments from neighboring
countries came in reaction to efforts by Washington to force all countries to
stop buying Iranian oil… Iranian officials have in the past threatened to block
the Strait of Hormuz in retaliation for any hostile U.S. action.” Hmmm. The
“mother of all peace”? Now that’s an interesting backdoor invitation if I have
ever heard one. Hint! Does Donald Trump get hints? It’s hard to imagine a more
ineffective and arrogant campaign than that promised by Donald Trump. How do
bullies respond to being bullied? Precisely.
I’m Peter Dekom, and a complete ignorance of
history, regional culture and statistical facts are not exactly the best
foundation upon which to base a diplomatic strategy.
Sunday, July 29, 2018
When Too Much Creates No Choice at Law
The
worldwide web was supposed to open minds to new experiences, learning,
exploration and discovering new truths. It was a marvel, able to access books,
expertise, data and hordes of information, taking people to knowledge sources
in democratic freedom. As you watch Facebook shares plummet by almost 20%
because of that company’s utter failure to control its role in the
dissemination of “fake news” (not the Trumpian-labeled kind… but that which
truly false and misleading, which often emanates from Trump himself), bots
customizing fake news to cater to the gullible searching for confirmation of
inane conspiracies, and Twitter that foments mass followings of mendacity – the
modern versions of the golden calf (Bible: Exodus 32:4), a fake religious
vector demanded by the masses – something has gone terribly wrong.
Russians
have mastered using the Web to decimate our democratic basics and filter
disinformation (based on data-scraping personal information on millions of Americans)
to influence our election process. Polarized Americans now routinely refuse to
consume any content that contracts their calcified view of what they believe is
supposed to be. Fox News is a very strong example of a once-independent news
services that has morphed into the propaganda arm of the Republican Party, a
problem only exacerbated by the President’s castigating the rest of the free
press and the “enemy of the American people.” Fox New followers treat its
“report only what the government wants people to hear” as their news gospel,
despite a tsunami of false and biased reporting.
Too
much information has resulted in Americans’ reducing and narrowing their focus.
Instead of using the Web to generate information to help them make better
decisions, so many Americans have simply pushed anything that contradicts their
expectations out the window, never to be seen, read or understood. In short, we
are dumbing down based solely on bias and opinion.
But
the ability to track and filter out “objectionable material” is now being aided
by software originally created to allow parents to protect their children from
porn and predators. The July 28th FastCompany.com provides this
real-world example: “Netsweeper,
a company in Ontario, Canada, has touted its internet filtering software as a
way for institutions like schools and hospitals to block pornographic,
exploitative, or illicit websites, or help governments collect taxes on
e-commerce sales. It says that its artificial intelligence
software can filter the web in real time while receiving requests for
‘approximately 22 million new URLs each and every day’ from over 500 million
end users.
“Increasingly, many of those users are living
in countries where authoritarian and otherwise troubled political regimes are
using Netsweeper and similar tools to block a range of ‘controversial’ content,
including political campaigns, media websites, and even search terms like
‘LGBTQ,’ ‘gay,’ and ‘lesbian.’
“An April report by researchers at the Munk
School of Global Affairs at the University of Toronto identified 10 countries
where the company’s tools ‘appear to be filtering content for national-level,
consumer-facing ISPs’ [Internet Service Providers] amid acute human rights or
security concerns: Afghanistan, Bahrain, India, Kuwait, Pakistan, Qatar,
Somalia, Sudan, UAE, and Yemen. Except for India and Pakistan, all of the
countries are ranked ‘authoritarian’ by the Economist Democracy Index.
“‘It does appear that Netsweeper has no
aversion to selling to clients in authoritarian regime contexts, within which
there is a growing appetite to censor the internet,’ says Ron Deibert, the
director of Citizen Lab, the internet watchdog group behind the report, ‘Planet
Netsweeper.’
“Filtering the web like this ‘appears
inconsistent with core corporate responsibilities to respect human rights such
as freedom of opinion and expression and non-discrimination,’ the
researchers wrote…
“Netsweeper is far from the only company that
sells internet-filtering technology to governments. As with systems sold by
companies like Blue Coat Systems, SmartFilter, and Sandvine—which also has its
headquarters in Ontario—Netsweeper’s products are marketed at a wide range of
clients, like libraries, schools, hospitals, and businesses, meant to keep
users ‘safe’ from malware and objectionable content, like pornography or
violent imagery. In recent years the firm has also marketed its filtering
technology as a way to help governments collect taxes on cross-border
e-commerce sales. ‘Netsweeper is here to enforce the internet laws of your
country,’ the firm said in a 2016 promotional video… But the same tools are also used by
governments and ISPs to monitor and filter political, social, and LGBTQ content
across whole countries.”
Individuals will soon be able to guarantee
that they don’t even get any information from any source that contradicts their
world-view. They can censor their family, and a U.S. government with authoritarian
leanings can apply some of their filters against MSM (mainstream media) that
they so violently oppose. The Western notion of democracy is struggling to
survive, but the very technology intended to enable maximum free expression is
producing very much the opposite result.
I’m
Peter Dekom, and exactly what are the values, the very form of government, that
we are passing down to the next generation of Americans?
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