gourabmi
Joined 10 years ago
Joined 10 years ago
Cheers to all you Basho/Riak folks. I have worked with one before!
2. Immigrants are absolutely aware of this. That is reason why overall skilled immigration has not grown by leaps and bounds in the last few years like it did decades ago. US is no longer the top destination of choice for international students in STEM fields. It is only a matter of time that you'd see the effects on overall productivity. The Social Security Administration is already hinting towards this future. The funds are supposed to run out by 2041 (reference https://www.ssa.gov/newsletter/Statement%20Insert%2025+.pdf ) . Quoting from the document ".. the birth rate is low, the ratio of workers to beneficiaries is falling.." . The US simply doesn't have enough productive people to fund benefits for the population for the coming decades.
Globalization is a two way street. If you want the best of what the world has to offer, the best of what the world has to offer will arrive at your doorstep. That includes human resources.
From your comments, it seems like you have little exposure to the actual time and effort spent in the patent process. And that is okay!
I think regions / steel industries in the region go through phases. I can draw upon my experience with one of the biggest steel manufacturers in India and Europe. SE Asia is going through a phase where most of the steel consumption is met by primary steel, new steel made from blast furnaces consuming iron ore. A lot of that steel is exported but there is a very big domestic market.
The need for secondary steel (made from old steel scraps) will become important in the future for SE Asia. Back in the US, this is already the case.
Primary and Secondary steel have different properties. Secondary steel can not be used for some applications, they can only use Primary. Vice versa, using primary steel for some applications might not be economically feasible for some applications.