3 ms·

What policies are you talking about? The urban decay is happening in cities like LA, SF, NY and not places like Texas or Florida.

narrator 5y ago
Subtle troll, or Poe's law? :D
john_moscow 5y ago
The growing disconnect between the person's decisions and their economic output. Imagine you wake up at 10am and make $1K, and your neighbor wakes up at 6am and makes $2K. You could be happy with it (extra $1K not worth 4 lost hours of sleep) or could force yourself to wake up at 6am as well, or would find some compromise in between. The main thing is that if you yourself pick the tradeoff between the level of inconvenience and the pay. On the other hand, if your neighbor makes $500, while you make $450 regardless of when you wake up, you'll be extremely irritated by the unfairness. And would not notice that your employer makes $750 off each of you, while you are busy quarreling about who's more privileged. Most of the jobs in the cities are just that - standard work routine, standard pay, little room for decisions, little growth, little personal responsibility, little chance becoming financially independent. Brought to you by low interest rates fueling endless acquisitions and consolidation of bargaining power in fewer and fewer hands. 2008 was the end of the previous economic cycle where the big players got too greedy and too dumb, made stupid decisions with big money, and were destined to crash and burn, allowing the new wave of smaller companies to take their place. But the government decided that too much was at stake, and just bailed them out. Around 2012 people started noticing that something is wrong, which took the rather silly form of Occupy Wall Street. The corporate response to it was shifting of the focus to social justice and equity - term that was supposed to take into account historical inequalities, but is so loose and unquantifiable, that every person would see it slightly differently, creating endless opportunity for division. So now we have an entire generation that does not aspire wealth through personal responsibility and hard work, but rather blames someone else on having an unfair advantage and is dreaming of taking it away. That's how 3rd-world countries and dictatorships function. People are busy fighting over the leftovers from the feast left by the ruling class, and feel accomplished when they manage to steal the extra bag of potatoes their neighbor was hiding under the stairs.
asdff 5y ago
these problems also happen in houston, dallas, austin, miami, and tampa.

narrator 5y ago

Subtle troll, or Poe's law? :D

john_moscow 5y ago

The growing disconnect between the person's decisions and their economic output. Imagine you wake up at 10am and make $1K, and your neighbor wakes up at 6am and makes $2K. You could be happy with it (extra $1K not worth 4 lost hours of sleep) or could force yourself to wake up at 6am as well, or would find some compromise in between. The main thing is that if you yourself pick the tradeoff between the level of inconvenience and the pay. On the other hand, if your neighbor makes $500, while you make $450 regardless of when you wake up, you'll be extremely irritated by the unfairness. And would not notice that your employer makes $750 off each of you, while you are busy quarreling about who's more privileged. Most of the jobs in the cities are just that - standard work routine, standard pay, little room for decisions, little growth, little personal responsibility, little chance becoming financially independent. Brought to you by low interest rates fueling endless acquisitions and consolidation of bargaining power in fewer and fewer hands. 2008 was the end of the previous economic cycle where the big players got too greedy and too dumb, made stupid decisions with big money, and were destined to crash and burn, allowing the new wave of smaller companies to take their place. But the government decided that too much was at stake, and just bailed them out. Around 2012 people started noticing that something is wrong, which took the rather silly form of Occupy Wall Street. The corporate response to it was shifting of the focus to social justice and equity - term that was supposed to take into account historical inequalities, but is so loose and unquantifiable, that every person would see it slightly differently, creating endless opportunity for division. So now we have an entire generation that does not aspire wealth through personal responsibility and hard work, but rather blames someone else on having an unfair advantage and is dreaming of taking it away. That's how 3rd-world countries and dictatorships function. People are busy fighting over the leftovers from the feast left by the ruling class, and feel accomplished when they manage to steal the extra bag of potatoes their neighbor was hiding under the stairs.

asdff 5y ago

these problems also happen in houston, dallas, austin, miami, and tampa.