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It's like playing an MMORPG-style videogame where the developers keep raising the level cap. The higher the cap, the worse off people who are just starting are
by shados 7y ago
It's like playing an MMORPG-style videogame where the developers keep raising the level cap. The higher the cap, the worse off people who are just starting are (and why in those games developers keep having to provide a "catch up mechanics", like a scroll to rush you to level cap, or making stuff easier to obtain. In the real world that's a lot harder to do though).
Probably made worse by the vastly higher amount of dual income household, so someone with just 1 income is proportionally worse off.
A single unskilled worker vs a couple of high skill workers, competing for supply & demand against each other...yeah, the former's not gonna have fun.
- luckydata 7y agoIn the real world those are called "redistributive policies" and work quite well, especially for the economy as a whole. http://www.levyinstitute.org/publications/can-redistribution-help-build-a-more-stable-economy http://www.levyinstitute.org/publications/can-redistribution...
- dsfyu404ed 7y agoThey work well... until they don't. Anyone from Eastern Europe over the age of about 40 can tell you about it. Like anything else redistribution falls on it's face if you go too crazy with it.
- jdietrich 7y agoThere is a world of difference between redistribution and central planning.
- FranzFerdiNaN 7y agoA lot of people over 40 in Eastern Europe would rather go back to the Soviet Union than stay in their new capitalist dreamworld. Things weren't great, but at least they had a job, a roof, food and healthcare.
- nec4b 7y agoYes and the economy collapsed because it wasn't sustainable.
- FranzFerdiNaN 7y agoif external factors didn’t exist you might be right. But they do so you are wrong. It’s impossible to say if the system was sustainable because America meddled and interfered from the very first day out of fear for their own position. Kinda like how they murdered union leaders all around the works, overthrew governments for being not right wing enough and started wars for false reasons. But sure, the problem was the system because that’s easy to believe, as it requires just accepting the standard American narrative.
- nec4b 7y agoYou are giving the USA too much credit, they were as surprised as everyone else when the communist bloc fell.