vania-janet/multiturn-rag-retrieval-data huggingface dataset:
Ok opinion but too bad it's not supported by data in the article. The opinion is backed by a survey of opinions, not actual inflation and employment figures. If prices are rising generally (and not just in individual commodities), why isn't that being reflected in inflation and employment numbers? Wouldn't we expect to see gross employment numbers trending downwards and inflation trending upwards since the beginning of the year?
"Do you think that someone like GM does not create any *indirect* jobs?  GM is basically just a final assembler of components made by others.  Who do you think manufactures the tires, the light bulbs, the paint, the nuts, the bolts, the wire, the batteries, the leather in the seats, the thread to hold the seats together, the grease, the oil, the radios, the glass in the windshields, the bearings, the alternators, the fan belts, the radiator fluid, the freon, the hoses, etc. etc.  Hint: It's *not GM*.  Now let's look at the manufacturing floor.  Who makes the screw guns, the overhead conveyors, the paint for the floors, the packaging for parts, the plastic parts bins, the safety gear, the tooling, the lathes, the milling machines, the paint robots, the automation equipment in general?  Again: *not GM*.  And now let's talk about distribution and sales.  Guess what, all those employees at the auto dealerships are not counted as employees.  All those truck drivers moving cars around in semis?  Not GM employees.  Contrast this with tech, where I can setup a shop and get going with a few cubicles and a coupla servers and a whole lotta engineers.  I might also hire a secretary to answer the phones and a bookkeeper to handle the finances.  Long and the short of it is that manufacturing probably generates 1000x the number of indirect jobs than tech does.  There's a reason why everyone talks about the US economy becoming increasingly a ""service economy""  EDIT:  Furthermore, the comment about worldwide employment misses the mark here.  The west is outsourcing our manufacturing.  Sure, China and India will end up with thriving middle classes because they're building their societies based on the US's economic structure for the 30 years following WWII.  We, on the other hand, are doing the opposite.  We're going to end up with no middle class.  The only jobs available here will be for a small number of very highly specialized skills (like hedge fund managers) and the people who mow their lawns."
Youre assuming that GDP shows the amount of wealth created and is an indicator of the standard of living, but it is not. Govt spending adds to gdp but takes away from the productive capabiliies of the private sector, which is the part of the economy that is making things that people want and need. The govt can spend 1 trillion on building a monument to obama, and that would increase gdp by 1 trillion, but no wealth is created and the govt jut shift a trillion of tax revenues to the workers who built the monument. If a company spends 1 trillion building building some new gadget, then the people who spend money to buy i have something to show for it and the workers have their wages as well. So now the company makes back 1.2 trillion and the consumers have their gadget, ie real wealth has been created.   The wealthy may be sittin on hoards of cash, but its not just sitting under their mattress. Its spread out between investments and savings. Savings is neccessary to build up productive capabilities. The money the rich have sitting in banks is being used to help other businesses grow, not just collecting dust. I wish it were as simple as giving every poor person 10 grand and watching the economy take off, remember when bush gave everyone a 1000 tax refund? It sure was fun blowing that on a ps3, i cant argue with that. But prosperity can not be printed, it must be earned through hard work and productive activity. What we need is not monetary stimulus, we need the govt to stop destimulating the private sector with burdensome regulations and taxes. We need lower barriers to entry so we maximize competition in every industry. We need the govt spending less, and pushing more workers into the private sector, making things that american can get some utility from. Its not going to be a smooth ride getting there, there will be lots of lay offs in the short run as the economy restructures. But if the govt got out of the way and let the free market prosper, our society would be far better off in the future
Australia has a massive housing bubble (one of the last in the world to pop), no productivity growth (lots of investment in mining which hasn't yet payed off, though we'll do well if commodities pick up), and relies on China and India buying lots of coal and steel at historically high prices.
Yeah, it is, to a massive degree to boot. The wealth gap is staggering because of it and it's the number one threat to the economy as a whole. Turns out it doesn't trickle down at all. It floods up and leaves a wake of poverty and bankruptcy behind it.
Fair enough. The economy isn't doing so well, and employment is struggling. Still, by no stretch of the imagination do real jobs with benefits not exist anymore. Yes, unemployment and part-time status combined sum to tens of millions of people, but that number is still smaller than the number of people with full-time employment status.  I feel for anybody who doesn't have a good job situation, but things will get better eventually.
Not for or against Trump but that would make sense.  It’s a lot easier for growth as the economy ramps out of a recession back to pre-recession levels.  Once that point has been reached things should begin to slow down.
"This is the best tl;dr I could make, [original](http://www.canberratimes.com.au/business/the-economy/australians-stuck-in-a-debt-trap-with-wages-having-risen-by-just-3-a-year-over-the-past-decade-20170918-gyk1o2.html) reduced by 89%. (I'm a bot) ***** &gt; When third-quarter GDP is released in December, the absence of the contraction from a year earlier could lift annual growth close to 3 per cent, compared with 1.8 per cent in the second quarter.  &gt; The next wage-price index will also incorporate a 3.3 per cent hike in the minimum rate and may lift the gauge above the 1.9 per cent record low it&amp;#039;s held at for the past year.  &gt; Its growth is behind the US and euro zone&amp;#039;s respective 3 per cent and 2.3 per cent, Canada&amp;#039;s 4.3 per cent and Germany&amp;#039;s 2.1 per cent.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/7199yd/australians_stuck_in_a_debt_trap_with_wages/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~213402 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **per**^#1 **cent**^#2 **growth**^#3 **quarter**^#4 **wage**^#5"
The lake is beautiful. The Swiss people are really good educated The companies want to be a part of these great reputation. We have low taxes We are political stable Our currency is stable We are company-friendly
We dont need the dollar....   we have coke pepsi McDonald's kfc burgar king  pizza hut dominos microsoft apple google snapchat ebay amazon uber cisco oracle intel exxon mobile boeing walmart.  We also have MIT stanford harvard Princeton and another 100+ universities.    We have so much here.  Way more than any other country.  The biggest companies, the smartest people, and much more.  Im not concerned
&gt;Despite sustained job growth and lower levels of employment, most Americans do not think the economy has improved  This is such bullshit and I'm tired of hearing it. The unemployment numbers are fixed. Everyone knows this yet the media loves to pretend it's not the case. It's becoming propaganda at this point.
Sure, but in the article it even states:  &gt;...clear indications exist that Beijing would prefer to focus on matters at home, where the economy is slowing much faster than expected.On Thursday, an index measuring activity in the country’s manufacturing sector showed factory output slowed in November for the first time in last three years time spam tipping concerns that China is finally being dragged down by the problems of America and Europe, as well as policies to control inflation. A separate set of data showed that China’s property market is continuing to slide, with house prices falling for a third consecutive month in November. China’s stock market, meanwhile, closed down, capping a fourth straight week of losses.  It doesn't sound like they have all that much resources to just hand out at the moment.
The Indian imagination is getting the better of it, poor fellows are going to be quite heart broken when their economy get over heated and burned out. They think being the little wheel is fun and games, I don't think they know what we really do to little economies.
You seem to think that rich people have money just lying around. They don't, inflation takes care of that.  All money is in circulation, it's invested in companies. Who buy products from other companies with that money, and they buy products from other companies... etc. All of them employ people. All of them produce something worthwhile.
[Nope] (https://blogs.wsj.com/wealth/2010/07/13/worlds-rich-are-hording-10-trillion-in-cash/). It's all hoarded in various index accounts, mostly off-shore for obvious reasons. They want to protect their wealth, which is fine. But if you want to protect wealth you don't invest it all in means of production or real-state, which are both vulnerable to heavy crashes. You keep it protected interest-yielding accounts, in places like the Cayman Islands, or Switzerland.
Absolutely  https://www.google.com.au/amp/s/www.theverge.com/platform/amp/2016/12/30/14128870/foxconn-robots-automation-apple-iphone-china-manufacturing  https://www.google.com.au/amp/m.scmp.com/tech/china-tech/article/2084740/manufacturing-automation-drive-chinas-robotics-spending-us59b-2020%3famp=1  But what’s interesting about China is that if automation leads to large loss of jobs (ie:social unrest) the government will intervene.  We may strangely see China as the leader and innovator in new social contracts between government &amp; society over the coming decades rather than western countries.
It's probably the single best indicator of what a country's power is.  Certainly economically and a great correlation of military (either directly or through treaties.)    Nukes would be the great equalizer, but not many countries would actually go that route.
"The statistics are misleading. The German autoworkers do not ""make"" $67/hour, that is basically a $140k job! Back in 2009, some sensationalist articles said that the average UAW worker ""made"" $75/hr sitting in the jobs bank. That is taking the total labor cost and dividing it by the number of existing employees. The most obvious example of why this number is so lopsided is through health care benefits and pensions. You get the illusion that the auto worker gets paid very high when labor cost per employee is very high, but the labor cost actually includes the current worker's cost as well as some past worker's costs, so it gets double counted.  So yes, GM went bankrupt because labor costs were $75/hr. No, the UAW auto worker did not make $75 per hour. And yes, labor costs for the German workforce is a lot higher than the US workforce. But no, they don't actually get paid 2-3x more."
Yea but it costs a lot to import cars and parts from overseas   The U.S. is still a massive manufacturer, we manufacture almost as much as China here. In fact China only passed us a few years ago in some measures, and we still lead in others
&gt; By volume?  % of GDP  &gt; this is a relative term  relative to other countries. ie soviet union, european nations, ...  &gt; I'm pretty sure everything you know of economics comes from Econ 101, Ayn Rand or both.  i was an econ minor at northwestern (pretty much all Keynesian teaching). i also read a lot of stuff by various austrian economists.   &gt; I'm not going to spend 10 minutes diagramming this sentence.  there's nothing wrong or untrue about that sentence
no, it doesn't mean it's right at all. They probably sell them at a premium now boasting that they are 'all American made' New coke all over again? I live in a little town on the south west of Scotland called Kilmarnock. One of our last major manufacturers is in the final phases to pull out after being there since 1820. The name? Johnnie Walker - you may have heard of them. Another major manufacturing company left a skeleton crew a good number of years ago - there are still steam engines that were built there running in Africa even today. http://en.wikipedia.org/wiki/Andrew_Barclay_Sons_%26_Co. And one last company http://www.masseyferguson.com/EMEA/GB/about/242.aspx Do you know what ultimately killed these 3 companies in Kilmarnock? The workers, or at least - or - to be more precise the Unions. Not that I'm against unions - at least not the realistic ones. Johnnie Walker is the last large manufacturing giant to move out of Kilmarnock. A town that is now pretty much a ghost town with an incompetent council. All were high paid jobs - I'm sure we would all love $25 an hour to press an on off button and watch an emergency stop, how many do that here for less? Why should the above have been getting more? Because they could, they were so used to the high life (when things were good) that they would not settle for anything else, ultimately running the companies out of the area when machines and lesser workforce were more than capable. Diageo (JW owner) is pulling the line back to a generic factory in another Scottish location, cheaper to run, more modern and lesser wages. I'm glad to see manufacturing coming back and having worked in customer relations for a large conglomerate I think we are on the brink of change. It's still up hill and you'll be talking to Indians by the name of Frank for a few years yet to come - but it's impacting their bottom line and at the end of the day -- THAT is all that matters.
But aren't there more people in every year doing more work?  That is growth.  Yes, the economy cannot continue to grow forever given that the Earth is a finite resource.  It's not clear to me we are anywhere near that point where we run out of resources.
In the 1950s there was no competition. China was starving, Russia had a huge portion of their males dead, Europe had been bombed to smithereens, and Japan had 2 atomic bombs dropped on them. But yeah, maybe it was the tax rate /s.
My original point to this post was that this asset bubble is playing out in slow motion just like others have in the past. This facsimile of a recovery will bump along the bottom for years if history is a guide, eg 1934-1939.   This is long term pain for the average middle class person. Underwater mortgages, stagnating wages, and here in DC, overpriced houses completely out of line with median incomes.   It's been a recovery for the wealthiest in society but everyone else is sinking or treading water. Economic indicators are not a reflection of the average middle class persons struggle. Take a look at what Angela Merkel said last week to a group of Nobel winners.   You are telling me that no one got a HELOC on the speculative value of their house between 2000-2007?
Well i needed an english source and as i mentioned Migrant attacks on Germans is not that big of a topic it is the other way around. Think about 10 crimes a day.... how much attacks can you mention per day from migrants ??? And we are talking major crimes not illegal job activity.
Can't be true.  I read r/economy and I know **real** inflation is 15%, **real** unemployment is 25%, we're in a double-dip recession, a second tsunami of mortgage foreclosure is coming, hundreds of cities are going to default on their bonds, and ...  And we're all going to die on the side of the road.  Alone.  In the rain.  Edit: [See](http://www.reddit.com/r/economy/comments/2dm13e/job_surge_suggests_higher_wages_are_coming/cjr00wh)?  And this guy is an optimist.
Sorry, but that's a load of sh*t.  The economy tanked in March of 2000 when the tech bubble burst.  Projecting the insane bubble economy outwards showed the debt could be paid off, but it was already over when Bush came into office.  (Tax receipts are backwards looking, the stock market is forward looking.  The world knew in early 2000 that the party was over.)
But it does create wealth, as shown by the GDP graph.  It gives money to people whom otherwise wouldn't have it.  They then spend it and create the demand for the things they buy.  Demand demand demand.  DE-Mand.  Wealth.  It's what's going wrong now.  Rich people have more money than they've had since 1929; same for corporations.  If they (the rich and corporations) created wealth with their spare change we'd be doing swimmingly.  But they don't and we're not.  Empirically, scientifically speaking  We need to give money to those that don't have it to kickstart demand.  Then the economy will come roaring back.  If you have evidence otherwise, I'd like to see it.
Have you people even heard of the automotive industry?  Unions are terrible for people and terrible for business.  If we were experiencing significant economic expansion right now it might be a bit different but that simply is not the case.
We have by far have the best standard of living. It has gone down recently because of the expanding Government but there is a reason everyone tries to live here and people aren't fleeing the country (despite threatening to do so after the election).   Our healthcare is poor for sure but that's because we haven't ever let the free market give it a shot.
I agree. But I'm wondering why Japan is in such a unique position compared to most (all?) other counties. They print money yet suffer from deflation for three decades. And the quality of life is amazing even in the simplest towns. They have their Japanese made air-condition, playing their Japanese made console, eating a cheap and amazingly good nutritious meal at home or at a cheap isakaya/diner. And every year their money buys them more than last year.
I know that many HSBC ATMs at branches in the US and Canada offer this service (they actually scan and shred checks as you deposit them). Perhaps they do same in Germany... but not all ATMs offer this feature.
The scale on this is horribly biasing.  1-1000 is only 1/20th of the line but 1/2 of the actual time scale.  Which means china has had the majority of world GDP for almost all of history.  But it doesnt look like that at first glance.
"Not insulting your part of Scotland, but that is exactly what happened in Detroit and the surrounding area. It used to be one of the richest (IIRC *the* richest) metro area in the US. Now look at it. Those who say the unions had nothing to do with it just have to look at what is happening.  The US has states called ""Right to work"" states, this is where union membership is not mandatory. Caterpillar is based in Illinois, but just moved a factory from Japan back to the US. Illinois wasnt even in the running for it. They were all southern states that are right to work.  You also have to look where foreign manufacturers build things. Toyota, Honda, VW, BMW, Mitsubishi, etc., etc., all manufacture in Southern ""right to work"" states. They still have unions, but they have less power because a lot of people chose not to be in them and pay the dues.   In my opinion, the people working at the new CAT factory are probably happy the plant moved from Japan to their town. Also, all of the people working at all of those plants are glad to have their jobs instead of being unemployed.   I see these massive union protections Northern states and European countries have as a negative. I think the fact manufacturers almost exclusively choose ""right to work"" states for new factories only reinforces this."
"While that argument likely would have held some merit in, say 1998, I don't think it works quite the same in 2012+. A simple answer of ""there weren't any jobs"" can be stated and will be interpreted as the truth."
"Not sure why you got the downvote... This is cursory knowledge for even a casual WWII scholar. Tanks, planes, guns... Doesn't matter. We never had ""the best,"" we simply made many, many more of them.  This also laid the foundation of 30-40 years of manufacturing supremacy before everything got shipped off to China and built / designed to be consumable."
You think this mag would lie about the German?   How is any carmag going to survive if it doesn't do e?  Have you established for your /r/business readers here a real and substantial connection with this magazine to the carbon business, upstream and/or down or are you hurling baseless accusations here because you like to see yourself in print and  ....it suddenly occurred to you......
You might want to check again on the whole best standard of living thing. http://www.telegraph.co.uk/travel/news/countries-with-the-highest-standard-of-living-social-progress-index/ Not even in top 12. We also have by far the highest incarceration rate in the world, housing more prisoners than China with 1/4 the population. Our infant mortality rate is the highest in the developed world. Our healthcare is also the worst in developed countries and even some developing ones despite paying more for it than in any other country in the world. We rank near last in education despite also paying the most for it. It's is almost as if adding a profit motive to social services results in the highest costs with the lowest output. Europe is doing great actually, pretty much is the reverse of all these statistics.
This is a weird skew on statistics. We added 8 Million jobs which lowered the average wage since most of these jobs were entry level. So they took the drop in average salary and multiplied it by the added jobs and said that's how much drop in the economy we had. I feel like the opposite is true. More jobs only adds I the economy not take away no matter how much they make.
No they aren't boom times. Not sure how that justifies overpaying cashiers; the fact that the economy is slumping could be an argument to pay them less. Less money given to cashiers = lower prices = better for everyone in the economic downturn. Sorry to play devil's advocate but there is no free lunch and this isn't skilled work.
We still need coal. Manufacturing should be relatively easy to bring back; we just need to commit to bringing it back. This will also mean higher prices, higher tariffs, and possibly a trade-war.  Consider that Chinese industry grows based only upon on western ideas and technology, which they steal more than any other nation.
More wisdom from the armchair economist who can't answer a simple question. And I see you still haven't found your balls yet. Don't worry. They'll drop some day.  Or wait, do you need reminding of what the question is? Memory can be hard when you're slow.
No fucking shit. Since it is their money that Greece is spending, I think they have a right to put some stipulations on it. Imaging trying to indefinitely keep Greece's ponzi scheme going if they didn't cut debts? Even if that could work (which I doubt) it would be too expensive to be feasible.
What do I get for a point? Deutsche Bahn has a similar system, albeit with somewhat smaller numbers. It boils down to a 1% discount, and after checking the numbers I stopped caring.  Germans are all over these points though. Living the stereotype I guess.
Wasn't a bailout, it was a stick up. GSEs have paid back $130 billion over the original loan amount (which was around $180 b iirc). Gov't took them over under false pretenses, and implemented the net worth sweep under even falser pretenses.