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General Discussion: 2018 Investor Roundtable

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It's because of all the idiotic "living wage" stupidity. We will never have a skilled workforce if we don't stop meddling with artificial pay, and cut most welfare programs. Used to be, to make more money, you had to better yourself - which was good for the you and the country. In today's "idiocracy" world, we give people incentives to NOT improve themselves.

I have NO IDEA why this is so hard for so many people to understand.

Do you want to pay a living wage, or do you want to get robbed at gunpoint? Ok, past that, paying better has limited effects on work output. Everyone should know, you do things well for the satisfaction, not for the money.
 
It's because of all the idiotic "living wage" stupidity. We will never have a skilled workforce if we don't stop meddling with artificial pay, and cut most welfare programs. Used to be, to make more money, you had to better yourself - which was good for the you and the country. In today's "idiocracy" world, we give people incentives to NOT improve themselves.

I have NO IDEA why this is so hard for so many people to understand.

In today’s “idiocracy” world, the pace of technological innovation dramatically outstrips that of when minimum wages weren’t a thing. You want people to be smarter and produce more amazing things? Give them a decent education and teach them how to do so.
 
I think there is a reasonable chance that demand for the S and X will increase in areas where there is a large population of Model 3, especially with a S refresh.

Some folk like to stand out, and the larger more expensive versions will help.

I thInk they should be able to execute an S refresh before the Y.
Refreshes are how good cars become ugly cars. They don't need that. They should however increase the amenities offered. How about auto-opening doors on the S, real high quality leather so it appeals to more than niche activists, massage function, auto shades, active headlights, etc.
 
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It's because of all the idiotic "living wage" stupidity. We will never have a skilled workforce if we don't stop meddling with artificial pay, and cut most welfare programs. Used to be, to make more money, you had to better yourself - which was good for the you and the country. In today's "idiocracy" world, we give people incentives to NOT improve themselves.

I have NO IDEA why this is so hard for so many people to understand.
Because it's pure, unmitigated bullshit.

Learn some economics. I'm not going to give you the full remedial education in this matter in a short post, from Adam Smith through John Maynard Keynes, stopping by the theory of public goods and the theory of externalities, but frankly, you don't know the first thing about what you're talking about. Idiocracy indeed; you're a good example of it.

The actual reasons why it's difficult to find good employees are as old as the dawn of time; you can find complaints about it back to the time of the Pharoahs.

Most people are simply not very competent, and practically nobody is born competent. A lot of them can be trained to be competent, with effort. Very few companies nowadays take the time to train them -- companies imagine that they can hire fully competent people out of nothing, which is lunacy. Internal training is the only way to get competent employees reliably. You can't expect people to spend money they don't have and time they don't have teaching themselves skills... (not unless they have some sort of welfare system!)

And then there are always some people, like Donald Trump, who have no work ethic, and they will never have a work ethic, regardless of your economic system -- honestly I'd rather put them on a low-rate welfare and keep them out of my hair than have them "working" lazily and gumming up the system. They're going to spend their time goofing off, trying to run scams, or drinking regardless of whether they have a job, but if they have a job, they can do damage by not doing their job. This is a small minority of people.

In Tesla's case, they've hired some lazy deadwood who have to be removed -- which always happens any time you hire people -- these are the MIA delivery specialists.

But MOSTLY Tesla's problem is that they haven't provided proper training and management support. Most of the people at the call center are eager beavers, but they haven't been given the information they need in order to direct your call properly. This is an *upper management* failure.
 
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In today’s “idiocracy” world, the pace of technological innovation dramatically outstrips that of when minimum wages weren’t a thing. You want people to be smarter and produce more amazing things? Give them a decent education and teach them how to do so.
And it's worth noting that giving people an education costs money and requires that the people have something to live on while they're learning.

Internal corporate training is a good option, but companies aren't doing it nowadays. Asking employees to go deep into debt to get their own training is a terrible option, but if you do it (as most of the US is doing now), you have to pay your employees a better-than-living wage so they can pay the debt off. Otherwise there's really no incentive for them to get the education at all, since they end up further behind than when they started.

It's possible to have truly "free market" wages if you have (a) free universal education, right up through medical school / graduate school for anyone who passes the admission tests, and including trade schools, (b) free universal health care, and (c) a guarantee that nobody is going to starve just because they refuse to take an abusive job.

Many countries have both (a) and (b); very few have (c). The US has none of the three, and this creates massive economic distortions.

A genuinely free market in labor requires a lot of socialist policies. Scandanavia's figured this out.
 
Troy's Model 3 production estimate changed over night from roughly 52500 to 55956 (for Q3). The last 7 days production estimate is now 5964 units.

Sorry no change: Troy in twitter:
"Sorry, I made a mistake when updating the chart. There was no change today. I meant to enter 1687 RWD and 2590 AWD for last 7 days (total 4,277 units) but I incorrectly entered 1687 RWD and 4277 AWD. I noticed the error when I opened Twitter and it had 23 notifications."
 
Sorry no change: Troy in twitter:
"Sorry, I made a mistake when updating the chart. There was no change today. I meant to enter 1687 RWD and 2590 AWD for last 7 days (total 4,277 units) but I incorrectly entered 1687 RWD and 4277 AWD. I noticed the error when I opened Twitter and it had 23 notifications."

Where can one find “Troys estimator”. The only one I can find is the Bloomberg tracker and it continues to drop. Down to 2900 ish now. It will be under 2000 within a couple months as it drops about 100 cars per week.
 
It's because of all the idiotic "living wage" stupidity. We will never have a skilled workforce if we don't stop meddling with artificial pay, and cut most welfare programs. Used to be, to make more money, you had to better yourself - which was good for the you and the country. In today's "idiocracy" world, we give people incentives to NOT improve themselves.

I have NO IDEA why this is so hard for so many people to understand.
I would have bettered myself by not reading this post.
 
It's because of all the idiotic "living wage" stupidity. We will never have a skilled workforce if we don't stop meddling with artificial pay, and cut most welfare programs. Used to be, to make more money, you had to better yourself - which was good for the you and the country. In today's "idiocracy" world, we give people incentives to NOT improve themselves.

I have NO IDEA why this is so hard for so many people to understand.
Google search shows California as the 5th largest economy in the world and we rank 26th in education. I think most here would agree that we are also the most progressive state. We literally incentivize people not to work (and have been doing so for generations) by giving them more a month in housing, food, and medical care than they can earn at an entry level job. Just like the "valley girl" craze of the 80's we will be exporting our brand of government dependency to a state near you too. :)
Below is an op-ed piece but it does provide data points for those that don't reside in California.

Why is liberal California the poverty capital of America?
 

It isn't true because of the source? I've lived in San Francisco all my life and there is more income inequality here than anywhere else I've been. LA is the same.

This is what SF has become with a super-progressive government.

San Francisco Squalor: City Streets Strewn With Trash, Needles And Human Feces

all while it has become the most expensive place in the world to live.

It takes $110,357/year to live comfortably in San Francisco, report says
 
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Google search shows California as the 5th largest economy in the world and we rank 26th in education. I think most here would agree that we are also the most progressive state. We literally incentivize people not to work (and have been doing so for generations) by giving them more a month in housing, food, and medical care than they can earn at an entry level job. Just like the "valley girl" craze of the 80's we will be exporting our brand of government dependency to a state near you too. :)
Below is an op-ed piece but it does provide data points for those that don't reside in California.

Why is liberal California the poverty capital of America?
Did you drive thru LA in 1974, and _attempt_ to breath the air?
"hello, Sulpher Dioxide" (SO2), Hello Carbon Monoxide" (CO)
 
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