The maths police, they live inside every thread The maths police, they come to me in my bed The maths police, they're coming to remind me, oh, no
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Yes, yes, you just naturally generate incredible amounts of wealth with your gold investments and leave it to the little folk like accountants who can perform the menial functions of adding up and taking away to work out precisely how much ...
Gold is a savings vehicle, not an investment vehicle. The fact you can't grasp this simple truth proves you are a drone with no more than basic mass media programming. Ie: someone that puts his wealth into anything fashionable, houses, shares, property trusts. Meanwhile the big players keep one step ahead of you, milking you like a fat cow.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Every country on this earth doesn't need to do IT well. As long as we have other useful and productive industries, and also a good society to live in.
No. We need high paying jobs, the productivity of which creates high margin exports that help rebalance our plummeting terms of trade. I.T is still a key industry in this regard.
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I have an IT degree myself, but never found success in it. I'm now an aircraft mechanic, and really I wouldn't even consider working in IT again. I much prefer what I do now.
Aircraft mechanics earn fuck all, unless you want to head over to Riyadh and work in a compound for BAE.
Loki
17 Sep 2015, 03:08 PM
How about yourself Frummy? Thinking of heading over the pond?
Or war-chest at the ready for an emerald mansion here?
The latter at the moment, although I won't be converting my GDP until I've committed to purchase, just in case I change my mind.
While the contract rates for financial service jobs in London are looking very appealing again, I can't help feeling it's still an industry based around the same ponzi scheme that blew up so horridly 8 years ago.
The U.S is more diversified for I.T work and also pays handsomely, but their work ethic is a lot stronger, so working here for 4 years has perhaps left me ill prepared for that :-)
Sydneyite
17 Sep 2015, 05:56 PM
Meh. "Brain drain" - ie professionals leaving Australia for more $$$ and more opportunity overseas has been an ongoing and well know issue since the 70's at least. Nothing new there.
Also there was hardly in the past a great flow of people from Silicon Valley to here (which if you read it the article even states!) - it's always been the opposite in my experience. I should know - lived and worked over there for a while myself!
Oh, so from your previously robust defence of our I.T. industry it now doesn't matter?
Yeh you're right, who cares - those grapes were probably sour anyway.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
SydneyBlight's opinions change more often than a blonde hairdresser on the rag.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Oh, so from your previously robust defence of our I.T. industry it now doesn't matter?
Huh? The views expressed are not contradictory:
- Yes, I'm a big fan of AUs IT and tech industries - both past and present. Currently a huge potential growth area yet to be properly tapped. - At the same time, the "brain drain" - Ie professional Aussies doing stints o/s, is nothing particularly new. Most come back eventually anyway - as both you and I have Frummie! And there has never been an especially large flow the other way from the U.S/ Silicon Valley - a fact the OP article even acknowledges.
Capisce? I know The Whole Bullshit is too dim to follow a basic argument, but I'm pretty sure you are capable of understanding my position JF. It's not inconsistent.
I've recently arrived in Oz, so am still trying to figure out the IT market. But the top end in my particular speciality pays about two thirds of the London rate in Sydney. Melbourne, where I'm based, pays worse.
Facebook and Amazon are both active in trying to recruit local developers to Silicon Valley. I've been approached, and a colleague at my last gig also has been on a few occasions.
The big advantage that the US has over other countries is that it's possible to have a massive amount of money funnelled into start-ups, allowing them to gain scale before turning a profit. Facebook received a total of nearly $2.4 billion prior to its IPO. Uber is at $8.2 billion. Australia is a way behind on this sort of ecosystem.
I've recently arrived in Oz, so am still trying to figure out the IT market. But the top end in my particular speciality pays about two thirds of the London rate in Sydney. Melbourne, where I'm based, pays worse.
Not much of an IT market here, and it doesn't pay very well relative to the cost of living. There are some exceptions of course, if you have a mathematics (real mathematics, not arithmetic) or physics background, there is always quant work in Financial Services. Another area that has a dire shortage at the moment is anyone with FIX or other exchange protocol experience. There is a little bit of Web dev, but it doesn't pay very well and there is not much of interest going on here. If you are an experienced Java programmer, Atlassian is interested in speaking to you regarding the 15,000 outstanding JIRA issues for JIRA, Confluence and Bamboo. It's worse in Melbourne than Sydney, so if you are not in Melbourne for any particular reason, I would suggest moving.
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Facebook and Amazon are both active in trying to recruit local developers to Silicon Valley. I've been approached, and a colleague at my last gig also has been on a few occasions.
I get contacted by an Amazon recruiter roughly every 2 months via linked-in. The gig is in Seattle, not SoCal, and I don't much like what I've read about their work culture either. Amazon has opened a Sydney office, but I doubt they are looking for programmers.
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The big advantage that the US has over other countries is that it's possible to have a massive amount of money funnelled into start-ups, allowing them to gain scale before turning a profit. Facebook received a total of nearly $2.4 billion prior to its IPO. Uber is at $8.2 billion. Australia is a way behind on this sort of ecosystem.
The start-up ecosystem here is tiny. Recently Blackbird ventures announced a $200 million dollar venture fund for Oz. The problem is that venture funds are looking for companies they can wrap into a neat package and sell to the Valley funding machine, so while startups do get funded, the ecosystem doesn't grow because any winners are exported to the US.
“Talk sense to a fool and he calls you foolish.” - Euripides
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