4 ms·

I have a hard time understanding if this is bad. Economics says that things are designed to work this way. You have felt the economic indicators and made chang

I have a hard time understanding if this is bad. Economics says that things are designed to work this way. You have felt the economic indicators and made changes accordingly. The economy(you, your friends, your community, the world) benefits when you make profit. If your prior path was burdened with massive debt with little way to repay it, it sounds like a bad decision. I cant imagine too many situations where doing something that pays significantly worse and puts you in more debt is better for society.

patagonia 8y ago
I didn’t say massive debt. I said it was a part of my decision. And I was able to repay it, eventually. Your assumptions show you are biased in how you read my comment. Also, I think you’re missing some variables. Or, as they might be called in economics, externalities. The less money we spend on prisons the better for state and federal coffers, in the short run. The less a company pays a prison guard for their services, the better for the share holders. But what about everything that happens on the day an inmate is released back into society? Are their neighbors happy they were incarcerated by near minimum wage persons with little guidance or oversight and perhaps a bit too much enthusiasm? Are their employers happy they were not given access to higher education or the ability to learn a trade? Or let’s talk about educators. Or defense attorneys for the indigent. I’ll leave the remaining examples to be worked by the student. Seriously though, as someone that graduated with dual degrees in political science and economics, worked for a couple years in local government, then went to Manhattan to work in the financial markets for 5 years, and is now working a “tech” job. Sorry I don’t have patience for this.

4 ms·

I have a hard time understanding if this is bad. Economics says that things are designed to work this way. You have felt the economic indicators and made chang

by MrEfficiency 8y ago

patagonia 8y ago
I didn’t say massive debt. I said it was a part of my decision. And I was able to repay it, eventually. Your assumptions show you are biased in how you read my comment. Also, I think you’re missing some variables. Or, as they might be called in economics, externalities. The less money we spend on prisons the better for state and federal coffers, in the short run. The less a company pays a prison guard for their services, the better for the share holders. But what about everything that happens on the day an inmate is released back into society? Are their neighbors happy they were incarcerated by near minimum wage persons with little guidance or oversight and perhaps a bit too much enthusiasm? Are their employers happy they were not given access to higher education or the ability to learn a trade? Or let’s talk about educators. Or defense attorneys for the indigent. I’ll leave the remaining examples to be worked by the student. Seriously though, as someone that graduated with dual degrees in political science and economics, worked for a couple years in local government, then went to Manhattan to work in the financial markets for 5 years, and is now working a “tech” job. Sorry I don’t have patience for this.