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You've misunderstood my comment. I'm not talking about stuff. I'm talking about quality of life. The next generation will have a lower quality of life than our
by cmh89 4y ago
You've misunderstood my comment. I'm not talking about stuff. I'm talking about quality of life.
The next generation will have a lower quality of life than ours. They will have less wealth, they will work more, they will experience less.
- prepend 4y agoI don’t know if this is true. I’m happy making a 20 year bet on some long term betting system, pick your platform and I’ll wager $20 in 2023 dollars that median wage, wealth, and quality of life will be greater in 2043. Just looking back to 2003 compared to now and there’s so much more information and opportunity compared to 20 years ago. It’s not uniform and there are certainly some parts worse (housing) but I think that just the example of smart phones shows a huge leap of businesses and life improvements available now. I expect improvements to be available 20 years from now.
- cmh89 4y ago> I’ll wager $20 in 2023 dollars that median wage, wealth, and quality of life will be greater in 2043. For who? Real wages have been falling for decades. 'Quality of life' is amorphous. Do we have a higher quality of life than people did 20 years ago? We're fatter, we have less wealth, we spend more time commuting, it's basically impossible to buy a house for most people. I'd disagree with your assessment that we are better off than we were in 2003.
- WalterBright 4y ago> They will have less wealth Somebody gets to pay for this: https://www.federalbudgetinpictures.com/federal-spending-per-person-is-skyrocketing/ https://www.federalbudgetinpictures.com/federal-spending-per... and it's gonna be you and me.