3 ms·

As I said, sometimes the job goes different people in different places, and there’s always frictional pain in the adjustment On the other hand, you are correct

As I said, sometimes the job goes different people in different places, and there’s always frictional pain in the adjustment On the other hand, you are correct that I didn’t post data saying that unemployment hasn’t fallen, but then that is self-evident. We do not have 50% unemployment now because machines took half the jobs, and we are all of us vastly more prosperous than we were in 1800 or 1900 - again, I don’t think I need to post a chart to the obvious.

kranke155 3y ago
"there's always frictional pain" is a fairly big understatement. I think the assumption underlying this is that somehow stable on the other end, but I don't necessarily see post-industrial service oriented societies as stable economic realities. Having lived in one(UK), I found it as close to a capitalist dystopia as one can get.
- benedictevans 3y ago
  William Gibson described 'capitalist dystopia'. The UK has a very strong, active and centralised state - indeed much more so than the USA. It presumes that healthcare is free, that everyone has access to education, that everyone is entitled to a social security safety net, and a whole bunch more besides.
  - kranke155 3y ago
    Have you ever lived there? Children are ranked by intelligence at a very young age, making it so underprivileged kids are told “you’re not going to make it” at a young age and relegated to a “lower” class. London street drug sales are thus dominated by disillusioned teenagers. Entire cities lost their way of life when Thatcher ended their industries and became dead ends where heavy drug addiction is quite rampant. The population is parted into two (as is common in “post-industrial” societies) the folks who take the now exorbitant loans for education and “make it”, and those that don’t and get relegated to receiving a living wage for the rest of their lives. There is an almost palpable feeling of haves and have-nots, around housing and increasingly everything else. Yes there is some social contract in place but the post-industrial society is not a gentle one that I’ve witnessed. I’ve seen 2/3 (south of Brazil, north of Portugal and industrial England/Scotland). They don’t really compare well to successful industrial countries like Germany. Vaclav Smil said “with no manufacturing there is no middle class”.

kranke155 3y ago

"there's always frictional pain" is a fairly big understatement. I think the assumption underlying this is that somehow stable on the other end, but I don't necessarily see post-industrial service oriented societies as stable economic realities. Having lived in one(UK), I found it as close to a capitalist dystopia as one can get.

benedictevans 3y ago
William Gibson described 'capitalist dystopia'. The UK has a very strong, active and centralised state - indeed much more so than the USA. It presumes that healthcare is free, that everyone has access to education, that everyone is entitled to a social security safety net, and a whole bunch more besides.
- kranke155 3y ago
  Have you ever lived there? Children are ranked by intelligence at a very young age, making it so underprivileged kids are told “you’re not going to make it” at a young age and relegated to a “lower” class. London street drug sales are thus dominated by disillusioned teenagers. Entire cities lost their way of life when Thatcher ended their industries and became dead ends where heavy drug addiction is quite rampant. The population is parted into two (as is common in “post-industrial” societies) the folks who take the now exorbitant loans for education and “make it”, and those that don’t and get relegated to receiving a living wage for the rest of their lives. There is an almost palpable feeling of haves and have-nots, around housing and increasingly everything else. Yes there is some social contract in place but the post-industrial society is not a gentle one that I’ve witnessed. I’ve seen 2/3 (south of Brazil, north of Portugal and industrial England/Scotland). They don’t really compare well to successful industrial countries like Germany. Vaclav Smil said “with no manufacturing there is no middle class”.