123Notary

Notary Blog – Signing Tips, Marketing Tips, General Notary Advice – 123notary.com Control Panel

June 2, 2019

China’s economic growth and how that affects you

Filed under: General Stories — admin @ 11:32 pm

I always accuse Chinese people living in America of living in an Asian bubble. Only talking to people who are just like them and never expanding their social network to the outside world leaves them in this bubble. In real life it is not exactly like that but it sure seems like it. However, I forget that Americans live in another sort of a bubble. They might know people from foreign countries but they don’t know what is going on in those foreign countries unless they travel to those places themselves. What does this all mean?

For those of you who don’t know, China has been growing at a huge rate for the last forty years. Economic growth was over ten percent per year for decades and has now slowed down to about 7% which is still high. America, due to all the red tape, and aging and tired work force, and an acute labor shortage is only growing around 2% per year. Additionally, China tends to take over entire industries. I remember twelve years ago I knew three ladies in the fashion design business. Their business was ravaged by the Chinese and 90% of their work force became suddenly unemployed unless they wanted to go back and forth to China. China has taken over a lot of the semiconductor business and is likely to take over many more industries as time goes on. But, why should you care?

If China is growing 5% per year faster than we are, that means in 14 years they will be twice as powerful as the USA. There could be mass unemployment in certain industries. There might also be economic projects headed by the Chinese on American soil. We could become subjugated by them in many ways as time goes on.

The other problem which is particularly noticeable with Notaries is that Americans have a poor study ethic and an aversion to technical subjects. This is a problem as the jobs of tomorrow will be increasingly reliant on technology. Chinese not only have a high IQ for technical tasks, but they like studying hard and working in these industries. If they are the only people who can handle technology, that means we will be their servants — if we are lucky. Or we might end up left out of the global economy and die of starvation in slums. I might be completely wrong in my fears, but there is a large basis for my thoughts and worries.

The average American family has their kids study less than an hour per day while Chinese families have their children do triple that. When American kids finish college, they typically don’t know how to do anything — what a waste of money. Personally I think college is a con job unless you want to be a teacher, doctor or lawyer. If you want to do anything practical, you should go to school for that purpose. If the Chinese are the only people who function at a higher level economically and we don’t, what future will we have?

The moral of the story is that if you want your children or grandchildren to have a future, have them study match, science, and programming a lot. Get them tutors, and start them off at a very young age. That way they will be able to do real work when they are sixteen. This takes discipline, and that discipline could help us all avoid a horrible economic crisis in years to come. And in the mean time, if you are a Notary, then spend a little more time studying how to be a great Notary because the average score on my last email quiz was 40%. Would you hire a notary in the 40% competency range?

Share
>

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *