The Great 2022 and Beyond Recession Thread

#426
#426
VolStrom said:
Wow, 1500-2000 engineers in one place must have been a government operation. When I started working, we had about 200 engineers across all disciplines, but most were EE's or ME's. By the time I retired, we had at most 50 engineers, and about half of them were worthless idiots and kids looking to move on, leaving the work to old timers and contractors.
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2000 Engineers? Nerdville
 
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#429
#429
Ashevolle said:
All the things that the federal government does with tax revenue. Are you asking for a lesson on how governments work?
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Sure.

What additional activities could our current government be engaged in, save for the missing corporate tax revenue?
 
#430
#430
85SugarVol said:
Sure.

What additional activities could our current government be engaged in, save for the missing corporate tax revenue?
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If you have a point to make, feel free to make it. But if you're just interested in asking extraordinarily broad question, I don't have time to give you a dissertation.
 
#431
#431
Ashevolle said:
Make your point or move on. Google is a great resource if you need help learning how taxes and spending work.
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You were lamenting the lost corporate tax revenue.

As you noted its absence, I thought you might have earmarks for said revenue. It seems you don’t want to answer.
 
#432
#432
85SugarVol said:
You were lamenting the lost corporate tax revenue.

As you noted its absence, I thought you might have earmarks for said revenue. It seems you don’t want to answer.
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Infrastructure, deficit reduction, Healthcare reform to name a few off the cuff. Have a nice day.
 
#433
#433
Ashevolle said:
Infrastructure, deficit reduction, Healthcare reform to name a few off the cuff. Have a nice day.
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So the first thing that comes to mind is additional federal spending for infrastructure? While at 40 year inflation levels?

I could see it.
 
#434
#434
85SugarVol said:
So the first thing that comes to mind is additional federal spending for infrastructure? While at 40 year inflation levels?

I could see it.
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You know the government can walk and chew gum at the same time, don't you? What makes you think the government should cease all other functions to tackle inflation? Should the FBI, Homeland Security, and military all shutdown until we fix it too?

The Federal Reserve being an independent agent can and should raise rates until we break inflation's back (in my estimation more aggressively than they have to date). That doesnt negate Congress's duty to tax and spend to keep the government working.
 
#435
#435
Ashevolle said:
You know the government can walk and chew gum at the same time, don't you? What makes you think the government should cease all other functions to tackle inflation? Should the FBI, Homeland Security, and military all shutdown until we fix it too?

The Federal Reserve being an independent agent can and should raise rates until we break inflation's back (in my estimation more aggressively than they have to date). That doesnt negate Congress's duty to tax and spend to keep the government working.
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No one is advocating that.

I just find additional funding for infrastructure at the height of 40 year inflation to be an interesting position.
 
#436
#436
85SugarVol said:
No one is advocating that.

I just find additional funding for infrastructure at the height of 40 year inflation to be an interesting position.
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Why? What about infrastructure spending is so interesting? And what makes it even more interesting during historical inflation? It's been appropriated already. What do you mean by "additional" funding? We're running at a deficit. We need to raise revenue for the checks we've already written. The money has to come from somewhere. Where else do you propose to get it if not taxes?
 
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#437
#437
Ashevolle said:
Why? What about infrastructure spending is so interesting? And what makes it even more interesting during historical inflation? It's been appropriated already. What do you mean by "additional" funding? We're running at a deficit. We need to raise revenue for the checks we've already written. The money has to come from somewhere. Where else do you propose to get it if not taxes?
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You were mourning the lost corporate tax revenue. That money never came in. It would be additional by definition.

You reference the infrastructure bill. Yes, that $1.2T is already on the books.

How much of the additional corporate tax revenue would you allocate to additional infrastructure spend?

And you are confused by questions about increased government spending during record inflation?
 
#438
#438
85SugarVol said:
You were mourning the lost corporate tax revenue. That money never came in. It would be additional by definition.

You reference the infrastructure bill. Yes, that $1.2T is already on the books.

How much of the additional corporate tax revenue would you allocate to additional infrastructure spend?

And you are confused by questions about increased government spending during record inflation?
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Considering we're running a $1T deficit this year alone, we don't have that money, "on the books" or elsewhere. We're currently going to borrow it from foreign lenders. My crazy proposal is that..... we pay for it ourselves. The last word is all yours.
 
#441
#441
NorthDallas40 said:
Hearing thru the grape vine that my old company is still hiring but they’re being a lot more selective and not just checking for a pulse anymore. But this isn’t a new thing on engineers tech companies are always hiring engineers these days. Last state of the union I heard in June before retirement they stated out line that even with aggressive hiring net tech employee head count was still declining due to retirees and quitting.
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Where the hell are they able to find engineers and techs? And out of those, how many want to work in the field or report to an office instead of working an at-home job?
 
#442
#442
Rasputin_Vol said:
Where the hell are they able to find engineers and techs? And out of those, how many want to work in the field or report to an office instead of working an at-home job?
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Did you read the whole post?

“Last state of the union I heard in June before retirement they stated out line that even with aggressive hiring net tech employee head count was still declining due to retirees and quitting”

And this will really chap you. Many people actually enjoy working in DoD hardware design. On the front edge of technology in an extremely challenging environment
 
#443
#443
VolStrom said:
Wow, 1500-2000 engineers in one place must have been a government operation. When I started working, we had about 200 engineers across all disciplines, but most were EE's or ME's. By the time I retired, we had at most 50 engineers, and about half of them were worthless idiots and kids looking to move on, leaving the work to old timers and contractors.
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Yeah, I blame these companies for not properly investing in training. It takes about 3-5 years to turn a college grad into a competent engineer in many instances, yet, the companies don't want to put the time and money in actually training these guys. Do you have bad apples or people that are not the perfect fit? Sure you do. But just from what I've seen, a lot of this is simply a result of the engineers not being properly trained.
 
#445
#445
Rasputin_Vol said:
Yeah, I blame these companies for not properly investing in training. It takes about 3-5 years to turn a college grad into a competent engineer in many instances, yet, the companies don't want to put the time and money in actually training these guys. Do you have bad apples or people that are not the perfect fit? Sure you do. But just from what I've seen, a lot of this is simply a result of the engineers not being properly trained.
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Blame them all you want but training/mentoring is a two way street. I was never “assigned” a protege I made it clear I and the candidate would choose that naturally.

You cannot force an individual to learn their trade and enhance their skills and you cannot force a senior person to effectively mentor a junior employee. It always has been a two way street.
 
#447
#447
Ashevolle said:
Considering we're running a $1T deficit this year alone, we don't have that money, "on the books" or elsewhere. We're currently going to borrow it from foreign lenders. My crazy proposal is that..... we pay for it ourselves. The last word is all yours.
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So now you’re switching to deficit reduction?Lol ok.
 
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#449
#449
NorthDallas40 said:
Blame them all you want but training/mentoring is a two way street. I was never “assigned” a protege I made it clear I and the candidate would choose that naturally.

You cannot force an individual to learn their trade and enhance their skills and you cannot force a senior person to effectively mentor a junior employee. It always has been a two way street.
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Relax... I clearly stated that the problem doesn't 100% rest on the companies... I agree, it is a two way street.

Rasputin_Vol said:
Yeah, I blame these companies for not properly investing in training. It takes about 3-5 years to turn a college grad into a competent engineer in many instances, yet, the companies don't want to put the time and money in actually training these guys. Do you have bad apples or people that are not the perfect fit? Sure you do. But just from what I've seen, a lot of this is simply a result of the engineers not being properly trained.
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However, my point is that far too much blame is placed on the "people" and not on the system or the companies. Infact, I would argue that more blame rests on the company because #1 they hired them and #2 they are responsible to train them or boot them if they don't perform.

This really isn't that hard of a concept to understand.
 
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