5 ms·

It's all a housing shortage^ really. If working doesn't get you anything and you still have to be completely dependent on someone then why bother? There is not

by usrn 4y ago

It's all a housing shortage^ really. If working doesn't get you anything and you still have to be completely dependent on someone then why bother? There is not a shortage of workers. We have a huge surplus of unemployed young men, they just have no reason to work because the employers aren't offering them anything real. ^This is why I get mad at people that parrot the "deflation is bad because people hoard currency" line. The absolute value of inflation being large is bad because it causes people to stop socializing due to hording. If you have high inflation like we see here people hoard assets. If you can't trade your money for anything its worthless so why would you trade your time for that?

deleted 4y ago
[deleted]
chii 4y ago
> We have a huge surplus of unemployed young men, they just have no reason to work how come they got food to eat, and shelter to live in, and water to drink? They must either be living off savings (their own or family's), or living off taxpayers (some sort of unemployment payment). In the latter case, they _do_ have a reason to work. Living off the taxpayer is not a long term sustainable mode of living. If they do not choose to work, because the social security is high enough that they can afford to decline work, then what does it say about social security?
- usrn 4y ago
  But there's no work they can do that would pay them enough to meaningfully change their situation. That's the problem, it's not like their lives are comfortable and they don't want to work (although there probably are some like this.) The majority are stuck. None of these labor jobs pay enough to let them rent shelter so they're stuck with whoever gives it to them. If they went to work they could buy more cheap toys or nicer food but that's about it. This is why the CPI is a really stupid way to measure inflation. Humans are biological and suffer from the consequences of Liebig's law of minimums. Just because you have a great surplus of something doesn't in any way counteract a shortage of something else. EDIT: If you have a counter argument then post it, don't just downvote.
  - TuringNYC 4y ago
    >> This is why the CPI is a really stupid way to measure inflation. >> ... >> If you have a counter argument then post it, don't just downvote. Counter - CPI is evil genius. It allows those in the ruling class to print money, inflate assets for the plutocracy and their actual constituents, and all at the same time, pretend nothing is wrong by showing highly selective numbers. Meanwhile, the masses suffer and think it is their own fault -- except it isnt, they have been sold out. There is nothing "stupid" about CPI -- it is a strategic decision by people who arent acting in the interests of the whole citizenry.
- boppo1 4y ago
  We're living off family.
eli_gottlieb 4y ago
>It's all a housing shortage^ really. Then the obvious solution is to take on the rent-seeking homeowner class and build more housing.
- dredmorbius 4y ago
  Great! What's your plan for that?
  - eli_gottlieb 4y ago
    https://www.theguardian.com/cities/2017/oct/02/rise-of-the-yimbys-angry-millennials-radical-housing-solution https://www.theguardian.com/cities/2017/oct/02/rise-of-the-y...
s1artibartfast 4y ago
There are two sides to this as well causing a feedback effect. Young men are also pre-emptively dropping out of the pipeline. 1 male now goes to college for every female. With record job demand, we are seeing some of the lowest male employment numbers on record. https://fred.stlouisfed.org/series/LNS12300001 https://fred.stlouisfed.org/series/LNS12300001

by usrn 4y ago

deleted 4y ago

[deleted]

chii 4y ago

> We have a huge surplus of unemployed young men, they just have no reason to work how come they got food to eat, and shelter to live in, and water to drink? They must either be living off savings (their own or family's), or living off taxpayers (some sort of unemployment payment). In the latter case, they _do_ have a reason to work. Living off the taxpayer is not a long term sustainable mode of living. If they do not choose to work, because the social security is high enough that they can afford to decline work, then what does it say about social security?

usrn 4y ago
But there's no work they can do that would pay them enough to meaningfully change their situation. That's the problem, it's not like their lives are comfortable and they don't want to work (although there probably are some like this.) The majority are stuck. None of these labor jobs pay enough to let them rent shelter so they're stuck with whoever gives it to them. If they went to work they could buy more cheap toys or nicer food but that's about it. This is why the CPI is a really stupid way to measure inflation. Humans are biological and suffer from the consequences of Liebig's law of minimums. Just because you have a great surplus of something doesn't in any way counteract a shortage of something else. EDIT: If you have a counter argument then post it, don't just downvote.
- TuringNYC 4y ago
  >> This is why the CPI is a really stupid way to measure inflation. >> ... >> If you have a counter argument then post it, don't just downvote. Counter - CPI is evil genius. It allows those in the ruling class to print money, inflate assets for the plutocracy and their actual constituents, and all at the same time, pretend nothing is wrong by showing highly selective numbers. Meanwhile, the masses suffer and think it is their own fault -- except it isnt, they have been sold out. There is nothing "stupid" about CPI -- it is a strategic decision by people who arent acting in the interests of the whole citizenry.
boppo1 4y ago
We're living off family.

eli_gottlieb 4y ago

>It's all a housing shortage^ really. Then the obvious solution is to take on the rent-seeking homeowner class and build more housing.

dredmorbius 4y ago
Great! What's your plan for that?
- eli_gottlieb 4y ago
  https://www.theguardian.com/cities/2017/oct/02/rise-of-the-yimbys-angry-millennials-radical-housing-solution https://www.theguardian.com/cities/2017/oct/02/rise-of-the-y...

s1artibartfast 4y ago

There are two sides to this as well causing a feedback effect. Young men are also pre-emptively dropping out of the pipeline. 1 male now goes to college for every female. With record job demand, we are seeing some of the lowest male employment numbers on record. https://fred.stlouisfed.org/series/LNS12300001 https://fred.stlouisfed.org/series/LNS12300001