bostonbubble.com

[Boston ITer]

Here's the scenario, it's the year 2025... the R&D/prod hubs, from Chennai, Singapore, Guangzhou, to Seoul dot alongside the Asia-Pacific coastlines. Key formerly US firms (Oracle, Apple, IBM), now multinationals, have 90% of their headcount along these coasts. In tandem, Goldman Sachs and Morgan Stanley now have their largest offices in Shanghai, dwarfing their counterparts in lower Manhattan. And what are their key offerings?... access for global investors to North American-APAC joint deals since all Pacific Rim deals require east Asian partnerships.

Likewise, other US firms (see Raytheon, TI, etc) remain in Co, Texas, etc, since their work is purely for DoD/NS type of govt programs. These places are supported, in essence, by hedge fund type of work where the Treasury holds some equity, alongside with whatever taxes they can collect from the internal revenue system.

The problem with the above is that there's not enough critical mass above for jobs to be created stateside, as they were from 1950 to 2000, during the American century. Will socialism prevail? In other words, will the govt be the sole employer (plus dole dispenser) for the vast majority of Americans in the years ahead?

[Boston ITer]

Former laid off 39 yr old engineer joins Army for health coverage....

http://www.jsonline.com/news/wisconsin/64677772.html

Think about how unlikely the above scenario would be, only ten years ago.

[balor123]

Government will try

[Boston ITer]

The Govt, unfortunately, is now the primary employer; this also includes the military.

Just looking at Sci-Fi in general, I suspect that in the 23nd century vision of Star Trek, there was a place of minimal private enterprise as everyone, with talent, sought a career with Starfleet academy. The last of the entrepreneurs was most likely Z. Cochran and his warp drive IPO, the story of the 'First Contact' movie. Afterwards, all concepts of money probably deteriorated, as everyone needed to be in the global military sector, to find employment working with warp engines, new materials, etc. And given the fact that San Francisco was the world capital, it makes sense as you'd almost never hear about New York, London, Beijing, Philly, Rio, or any of other cities on the globe. The world economy was most likely a global military state where all the original cities had descended into banal social centers than industrial city-states and so Kirk, having grown up in no man's land Iowa, was probably just as likely to find the same Starship recruiting brochures as someone growing up in Memphis, Boston, or Richmond. I guess that's when the world will really be one huge melting pot with only geographic markers indicating any distinctions.