THE Super Ultra Wealthy Man can see the future, he sees horror ahead

[nazzdack]

----Here is a pop quiz for everyone.
----tell me avg annual income of a member of SAG (screen actors guild)?
----stars making 50 to 100 million in a good year.
----winners and the losers in the same data set.

1) ? ..... ~$52,000/year ?
2) ~5% of SAG's 122,000 membership earn more than $75,000 a year, according to ...... (Google). A lot of "starving artists" indeed.

 

[newwurldmn]

I hope the job is still there for your friend Jem.
I dont know if 3d printer manufacturing will be able to replicate titanium rotors for
jet engines , however, the great American "machine shop" is on the way out.
I even beleive most of the design engineering and programmimg associated with
these industries will die as well.
Even i can see that a Computed Tomography front end(todays medical CATscanner)
will convert the cross sections(x ray vision like sub millimeter slices) of virtually any solid into code for the 3d printer.
Sooner than we think and another example of technology and its impact on labor.

3d printing is a game changer for sure.
And it's primary uses on the metal side happen to be the examples I stated.
He will have to adapt as it becomes more prevalent but at least now he's thinking about education as a tool to improve his quality of life.

 

[ElCubano]

I'd seek work in engineering but 1) at 70yo I'll never get a fu%^ing interview 2) If I got hired I'd have to work with a bunch of fu$&ing immigrants that wouldn't have lunch with me and if they did they would talk their native language. Fuck that boring shit, better to go into trading nowadays, been like that for decades.

wow, you're 70 and still talk like a 15 year old....awesome.

 

[newwurldmn]

wow, you're 70 and still talk like a 15 year old....awesome.

He won't say "fucking" but he will say "fuck."

 

[Maverick74]

1) ? ..... ~$52,000/year ?
2) ~5% of SAG's 122,000 membership earn more than $75,000 a year, according to ...... (Google). A lot of "starving artists" indeed.

The avg income is actually 5k a year for all members. That's right, 5k a year. In order to get a mean that low you have to include the failures, and that was my point. A lot of the data that the media likes to showcase out there only includes the winners while they compare that to the rest of society which of course includes all the losers. That's today's lesson in data analysis.

 

[maler]

I was quick to dismiss weird theories when I was younger.
After living for a while you notice many of the previous theories become fact.
Schopenhauer said it best.
All truth passes through three stages.
First, it is ridiculed. Second, it is violently opposed.
Third, it is accepted as being self-evident.

 

[newwurldmn]

The avg income is actually 5k a year for all members. That's right, 5k a year. In order to get a mean that low you have to include the failures, and that was my point. A lot of the data that the media likes to showcase out there only includes the winners while they compare that to the rest of society which of course includes all the losers. That's today's lesson in data analysis.

And the number is probably similar for retail "professional" traders.

 

[Maverick74]

I was quick to dismiss weird theories when I was younger.
After living for a while you notice many of the previous theories become fact.
Schopenhauer said it best.
All truth passes through three stages.
First, it is ridiculed. Second, it is violently opposed.
Third, it is accepted as being self-evident.

And which previous crazy theories turned out to be facts? This should be interesting.

 

[maler]

And which previous crazy theories turned out to be facts? This should be interesting.

Not that long ago people would laugh if you mentioned the existence of a PPT.

 

[Maverick74]

Not that long ago people would laugh if you mentioned the existence of a PPT.

OMG. Are you kidding me? Tin foil alert.