The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
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User ID: 174
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
4hr ago
We know that an increase in supply is not what's causing unemployment, as tech employment is dropping. Supply isn't all that elastic so that increase in supply due to increase in demand usually doesn't cause unemployment -- such inrushes have happened, but were more than absorbed by the industry.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
5hr ago
At least in the UK's uniformly fucked housing market, the average homeowning Boomer is worth more dead than alive because they are under-occupying a valuable family-sized house.
Worth more to whom?
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
5hr ago
A high rate on a lower balance means that you needed a much lower deposit (and had the benefit of those high interest rates while saving for it).
Alas, no, you didn't. Savings deposits were stuck at 5.25% due to something called "Regulation Q" while inflation and loan rates soared. And people didn't do money markets and buy T-bills individually back then. This was repealed in phases starting in 1980, a bit late to help.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
5hr ago
The tech sector right now has a lower unemployment than the general US economy
Tech sector unemployment hit a low of 1.8% in 2018 and is now 3.8% and rising. That's an absolutely massive change. In the meantime, total unemployment hit a low of 3.5% in 2020 and is now 4.3% and steady, which is a much smaller change. And "rising" is important, if you're already not working.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
5hr ago
More employment opportunities, sure, but the days of big numbers on the paycheque will be over. Now you'll be on the same level as administrative staff and the other employees you used to look down on as bullshit jobs.
Software developers do not tend to look at the administrative staff as "bullshit jobs", at least not at the companies I've worked at. If you're going to engage in schadenfreude, at least have good reason.
(The jobs software developers do look at as "bullshit jobs" are as likely to be automated).
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
16hr ago
There's two separate issues/lanes here. Some people are beneficiaries of public retirement spending at massive scale despite not actually self-funding their retirements and some are being accused of hoarding.
And between the two this covers pretty much every old person who worked.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
22hr ago
My father had to scramble to find a defense job so they wouldn't send him to die in Southeast Asia. My experience wasn't as bad but I did graduate into a recession. Some millennials got screwed pretty hard entering the workforce during the GFC. There's certainly plenty of things that suck now, but the zoomers on X utterly reject the idea that anyone else ever had problems.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
Then live your life. But your implied idea that people who have already worked and saved should be dispossessed and sent back to work (which, as I said, you'd complain about too) so young people don't have to... well, even if you could pull it off, it works for one generation only.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
Of course as narcissists, that is unacceptable to them. If they were not narcissists, we would all be 140 IQ super models right now from eugenics.
Someone would. Neither you nor I would exist.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
Mask off moment where AI adoption en masse is going to rip back the curtain as to how our owners really feel about the mass of us peons?
The mask has been transparent since the change from "Personnel" to "Human Resources".
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
Who brought those laws and regulations in, exactly?
The people running things in 1964.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
Yes and a lot of the youth today are toiling under the expectation the vast panopoly of elderly welfare that currently exists will have a machete taken to it long before they get there.
And this has been true since Gen X started working. I'm sure there have always been younger people who think the way to get ahead is to just to steal old people's stuff, but they're as wrong as evil now as they always have been.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
There's more than one argument. Rampant crime discourages shops big and small. But lack of demand discourages certain kind of shops.
Anyway, the food desert definition is
Census tracts qualify as food deserts if they meet low-income and low-access thresholds:
Low-income: a poverty rate of 20 percent or greater, or a median family income at or below 80 percent of the statewide or metropolitan area median family income;
Low-access: at least 500 persons and/or at least 33 percent of the population lives more than 1 mile from a supermarket or large grocery store (10 miles, in the case of rural census tracts).
So small stores/bodegas don't count.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
Median mortgage payment as a percentage of median income: https://fred.stlouisfed.org/graph/?g=1RDJB
FRED doesn't have data further back, but it's worse 1981-83
That's one of many reasons boomers aren't impressed by the whining. Yeah, things are in fact bad now (though there was a lot of the same whining pre-COVID when they were not). But they were worse in the 1980s, when many boomers were trying to get their life started.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
That's only half of individualism, though. Assigning everyone a role and holding them responsible for fulfilling is still collectivist.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
In my industry there is a saying about some people having X years of experience and others having 1 year of experience, X times. Teachers, by nature of the job, nearly always fall into the second pattern -- each year is the same as the last. And they get seniority pay increases because they're public employees with unions. Most jobs are not like that -- if experience people get more pay, they're expected to do a better job.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
Then don't be old and don't work and save for decades. Live now and create
Naa, I'm tired. Besides, if I did, you and yours would be complaining about old people hogging all the good jobs.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
The old (specifically, old fathers) had ALL the power and wealth in Ancient Rome. It's a terrible example for your position.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
2d ago
The key word is 'feel'.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
2d ago
They belong to you insofar as you can defend them. Historically, the old pay the young to do that (in various ways, not necessarily financial, but is a good chunk of the time). The fact they're currently refusing to (because they feel, perhaps correctly, they do not need to) and at the same time preventing any other independent development is, again, kind of the central issue.
Except none of that is happening. Taxes are paid by the "old" -- well, really, the middle aged, but our angry Zoomer doesn't make a distinction
I believe I've mentioned this before: when a society is in equilibrium old vs. young and to the degree that all modern development is zero-sum, TFR should be 2.0. Lower than that means the old aren't reinvesting enough (it's very clear that they're addicted to low-cost labor, hence their preference for infinity foreigners rather than focusing on domestic reproduction); higher than that means the young are burning through the capital too quickly and are on track to create this problem.
I do not find this claim compelling.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
2d ago
This is how gen Z and alpha actually talk.
No wonder they're poor.
I just think that the pile of earnings I worked for when I was younger is my pile of earnings
There's a strong argument and a weak argument here. The weak argument permits sitting on bygone glory that can't be presently defended, but audits your earnings and finds that dotcom era webdev work was overpaid.
There's no argument at all for young people to judge the worthiness of work done by old people long ago with an eye to confiscating the fruits of their labor.
The strong argument says that even if you invented the transistor and capitalized completely fairly from that, evolution dictates that once you are done producing with that money and reproducing with your gametes, it is no longer optimal to allocate those earned resources to you. They should be dispersed, and do become dispersed, in the state of nature. That's how aging and death works.
Ah, but most of us aren't dead yet. And before you suggest "that could be arranged", you might want to consider that if you were in any position to arrange it, you wouldn't be poor.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
2d ago
You are over 50 years old. Gen X is Boomer. Get with the new hip lingo.
You are a self-parody.
You just think young working couples, whom the world depends on, should be poor, while you sit around on a pile of „earnings” (which really do not survive worthiness audit anyway, although that's beyond the point), and stronger younger men are barred from competing for it except for through pandering to you.
I just think that the pile of earnings I worked for when I was younger is my pile of earnings, and do not somehow belong to the younger generation merely because they are younger. Your idea that we should have a world where only those who are on top at any given moment should have anything is dystopian.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
2d ago
Social security tax hasn't increased since 1990.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
2d ago
I'm not a boomer, and I don't have a pension. I was also never middle management, for that matter, although the idea that it is "half-UBI" for the old is pretty laughable. And I didn't expect your priors to shift because integer ones never do.
I make about 95th percentile income for my age group and I am old for marriage by historical standards. We don't feel like we can afford to have a baby right now. So that would be a take based in reality, yes?
No, it's really not. It's that word "feel" that gives it away.
Management simply can't resist the idea that they can take their best technical people and multiply their effectiveness by having them do people stuff. They create the non-management roles but they still expect "leadership" from the technical people; the difference is they don't get hiring or spending authority.
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