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PaperclipPerfector  5d ago (text post)   17362 thread views

Culture War Roundup for the week of November 24, 2025

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Consider the following thought experiment, courtesy of Scott Summer

If the official government (PCE) inflation figures are correct, my daughter should be indifferent between earning $100,000 today and $12,500 back in 1959. But I don’t even know whether she’d prefer $100,000 today or $100,000 in 1959! She might ask me for some additional information, to make a more informed choice. “So Dad, how much did it cost back in 1959 to have DoorDash deliver a poke bowl to my apartment?” Who’s going to tell her there were no iPhones to order food on, no DoorDash to deliver the food, and no poke bowls even if a restaurant were willing to deliver food.

Your $100,000 salary back then would have meant you were rich, which means you could have called a restaurant with your rotary phone to see if it was open, and then gotten in your “luxury” Cadillac with its plastic seats (a car which in Wisconsin would rust out in 4 or 5 years from road salt) and drive to a “supper club” where you could order bland steak, potatoes and veggies. Or you could stay home and watch I Love Lucy on your little B&W TV set with a fuzzy picture. So which will it be? Do you want $100,000 in 1959 or $100,000 today?

I think this is a good counterpart to the AGI questions below. There is a massive conceptual gap in defining welfare across vastly different levels of technological mastery.

It also highlights that some of the analysis misses the largest factor here -- that AGI (if it happens, sadly not if it doesn't pan out) will greatly increase the quality and personalization of a large set of goods & services. If that does happen, it will dwarf the distributional aspects.

At $100,000 a year in 1959, one could hire either a personal assistant to go to the restaurant and pick up the food for you, or a cook to make the stuff.

And indeed, there were still people poor enough to want to be full time retainers. Poke, specifically, wasn't available at any price(if you wanted any sushi you would have had to fly in a chef from Japan, and suffer the judgement of your class peers for indulging in oriental savagery by eating raw fish). But you could have nice European cuisine of your choice cooked right in your mansion at that price point- albeit with considerably more seasonality in ingredients than we're used to today, produce wasn't available year round yet.

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