I just received my annual TCP-1 letter from LLNS and a summary of the LLNS Pension Plan. Looked in pretty good shape in 2013. About 35% overfunded (funding target attainment percentage = 134.92%). This was a decrease from 2012 where it was 51% overfunded (funding target attainment percentage = 151.59%). They did note that the 2012 change in the law on how liabilities are calculated using interest rates improved the plan's position. Without the change the funding target attainment percentages would have been 118% (2012) and 105% (2013). 2013 assets = $2,057,866,902 2013 liabilities = $1,525,162,784 vs 2012 assets = $1,844,924,947 2012 liabilities = $1,217,043,150 It was also noted that a slightly different calculation method ("fair market value") designed to show a clearer picture of the plan' status as December 31, 2013 had; Assets = $2,403,098,433 Liabilities = $2,068,984,256 Funding ratio = 116.15% Its a closed plan with 3,781 participants. Of that number, 3,151 wer...
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In fact I asked Google's chatbot to comment on that and it agreed as follows:
Your suggestion that better pay and working conditions could be the most effective solution is a compelling argument rooted in practical personnel management:
Attraction and Retention: Higher pay and better conditions are crucial for attracting top talent and retaining experienced controllers in a high-stress, safety-critical field.
Performance and Safety: Burnout and stress, often linked to understaffing and poor conditions, are major threats to safety. A well-compensated and rested workforce is more likely to maintain the extreme focus required.
Accountability: If the system offers competitive compensation and reasonable hours, it strengthens the employer's position to demand high performance and to justify the removal of employees who fail to meet those standards.
https://en.wikipedia.org/wiki/Deus_ex_machina
Perhaps this is appropriate? From the Wikipedia page
Such a device was referred to by Horace in his Ars Poetica (lines 191–2), where he instructs poets that they should never resort to a "god from the machine" to resolve their plots "unless a difficulty worthy of a god's unraveling should happen" [nec deus intersit, nisi dignus uindice nodus inciderit; nec quarta loqui persona laboret].
In another sense, we can of course see similar patterns in other civilizations, for example the Romans or the Soviet Union, we would currently be in a stage that mirrored their decline although the details are too long for this post.
I am very surprised to see all this pessimism about AI, that it is a bubble, that it could make things worse. AI has a velocity and even an acceleration, since 2022 with ChatGPT the world has gotten exponentially better. I can have it do all my research for me, it can code better than I can, it write better than I can and is way more creative. I only need to come into work one or two days now, soon I will not need to come in at all!. The videos on YouTube are mind-blowing now, I no longer do my taxes, plumbing, yard work, or deal with my family members anymore thanks to AI.
Maybe you for a few more months we need to worry about airport traffic controllers but not long after than.