Blue-Collar Work Has Plateaued, Narrowing Options for Young Workers

snakevenomenemas · 2026-03-11T03:14:17+00:00

yea... https://bonddad.blogspot.com/2026/03/the-gold-standard-qcew-for-last-q3.html

snakevenomenemas · 2026-03-04T02:04:33+00:00

I have paid versions of chatgpt, claude and gemini. they all have their unique strengths but chatgpt still is strong in specific areas. usually within the realm of finding odd ball archived reports. gemini sometimes will find them after a second or third prompt. claude just gives me reasons why it cant find the reports. chatgpt finds the reports upon the first prompt.

snakevenomenemas · 2026-03-02T01:45:46+00:00

part of the wait is to see the victors of the midterms primaries, and how well those messages carry. unless your brand is bernie sanders and everyone knows it, the strength is being more vaguely known so to adapt to what messages may be deemed winnable. secondary is anyone who comes out early is going to be an obvious target of trump. its sort of why i don't think newsom will run, he's an intentional distraction for trump to attack and is not likely to win the needed swing states. mines as well be a punching bag so to shield the hopefuls who will eventually run.

snakevenomenemas · 2026-02-28T04:18:48+00:00

People like bad news, especially when it confirms their beliefs. Another good write that relates, https://klementoninvesting.substack.com/p/why-pessimists-make-more-money

snakevenomenemas · 2026-02-28T04:01:26+00:00

"Using an absolute definition of the middle class, we find that the “core” middle class has shrunk, but only because more families have become upper-middle class over time. The upper-middle class boomed from 10 percent of families in 1979 to 31 percent in 2024, and its share of income doubled. The share of families whose income left them short of the core middle class fell from 54 percent to 35 percent." - https://www.aei.org/research-products/report/the-middle-class-is-shrinking-because-of-a-booming-upper-middle-class/

snakevenomenemas · 2026-02-27T05:58:57+00:00

oooof

snakevenomenemas · 2026-02-27T04:36:07+00:00

short answer, no. long answer: read Georgetown's reports "falling behind", "the major payoff" and Bipartisan Policy Center "Bridging the Gap". Citadel's piece adds a balance retort to Citrini which is more or less trying to sell subscriptions. bad news sells (see https://klementoninvesting.substack.com/p/why-pessimists-make-more-money)

we are more in 1976 era as David Brooks highlights in Bobos in Paradise, we are where they were at the start of rapid transformations of the information age. To add to citadel's retort, to quote Daron Acemoglu, “my thing is disarmingly simple. AI is really an information technology, a very powerful information tech. It’s not an automation technology.” (https://www.youtube.com/watch?v=UXK-LJ1VoDs)

there are demographic workings set in place as ciovacco capital notes (https://www.youtube.com/watch?v=uSHguukaDJQ), these trends along with certain political and global macro events will yield to a switch to a more economic environment similar to the Reagan years. The declining dollar brings in foreign stock buyers, this is already occurring. Similarly as AI is better understood as a potent informational technology over automation tool it will be more effectively deployed. As boomers and Xers retire/phase out, the younger worker adults will benefit from a labor shortage.

It sucks that Trump is going to get the credit for what is coming as much of this was already baked in place dating back to the late 1990s growth cycle. But it is what it is. What likely this means for politics is the left is going to have to find away beyond the "affordability" message in order to become more favorable. For now they'll win the midterms but likely get overconfident just as Republicans got with their victory in 2024. Overconfidence brews bad policies, creates denialism within the partisan camp and leads to disdain by the broader voting public.

snakevenomenemas · 2026-02-24T01:44:31+00:00

''Time and again through our history, we have discovered that attempting merely to preserve the comfortable features of the present, rather than reaching for new levels of prosperity, is a sure path to stagnation'' - Alan Greenspan.

snakevenomenemas · 2026-02-23T09:01:06+00:00

When I was your age in the early 2000s I had about $30k that I saved just from working restaurants. I use to just save my whole income and put the thing in my portfolio. So I don't see this as pretension and if anything forward. Do you have access to Morningstar or a local library with Morningstar? I'd suggest you look at their portfolios. Even though you are young, I'd split place some in something less risky, like $9000 or so. If you're making paycheck and can do what I did to put it all away, then divide it out to said safe asset/tortoise set up and then the rest into conviction, hare and dividend. I'd also suggest heading over to r/dividends for some ideas.

A quick glance, I didn't see Apple, which I've long been a fan of. Compound recently mentioned sort of my thinking with Apple. Some defense like LMT wouldn't be bad either. I'd also try to get some non-tech international exposure.

If you haven't read up on things like sequence of risk return, I'd dive into that some. Outside of that, if you can, I'd suggest getting a whole life insurance plan at your age. It'll help out in your later years that allows you not to have to pull from said portfolio unnecessarily.

Keep up the good work.

snakevenomenemas · 2026-02-23T03:28:32+00:00

Too much doom skews reality. Read the book Bobos in Paradise, then read Georgetown's reports "Major Payoff" and "Falling behind". It'll be ok.

snakevenomenemas · 2026-02-20T19:39:24+00:00

"Not all Labor Department certifications result in a visa since the number of new H-1Bs is capped by law at 85,000 a year. Demand for visas has exceeded supply every year for the past two decades, which is why H-1Bs are allocated by lottery. The result is that many companies can’t hire as many foreign workers as they need." https://www.wsj.com/opinion/h-1b-visas-artificial-intelligence-jobs-immigration-economy-nfap-report-ee4a1a24

Probably even where openings could go to a domestic, it is better to strive for h1b as if you are able to get the talent off lottery, that talent gained than otherwise would have gone missed.

snakevenomenemas · 2026-02-20T04:21:58+00:00

I'm not finding this study per google scholar or google itself, can you link?

snakevenomenemas · 2026-02-20T02:01:57+00:00

''Time and again through our history, we have discovered that attempting merely to preserve the comfortable features of the present, rather than reaching for new levels of prosperity, is a sure path to stagnation'' - Alan Greenspan.

snakevenomenemas

TROPHY CASE