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> non-zero chance of 95% unemployment within the next 20 years With that said, there is probably also a non-zero chance that something like that wouldn't be ne

by diggan 1y ago

> non-zero chance of 95% unemployment within the next 20 years With that said, there is probably also a non-zero chance that something like that wouldn't be negative but something positive instead. I suppose that'd be the ideal scenario.

hshdhdhj4444 1y ago
U.S. productivity has increased massively over the last half century and yet much of the increased productivity has ended up in the hands of a select few. This is being accelerated by the bill passed the senate literally today. Is there any reason to believe we will drastically reverse the trend?
- Kon5ole 1y ago
  >much of the increased productivity has ended up in the hands of a select few. I do agree that wealth is not distributed particularly fairly but I don't understand the idea that it's mostly going to a select few. There are almost 20 million more jobs in the US now than there were 20 years ago, that's a lot of productivity right there. Amazon employs 1.4 million people. Bezos has spent maybe the equivalent to a couple of weeks worth of Amazon payroll so far in his life. His yacht was the equivalent of a few days, his wedding maybe one hour. That money didn't come from Amazon either, it came from people wanting to own Amazon. Leaving aside whether that's fair or not, surely it means that most of the productivity and money is going to the employees? What am I missing here? How was this better before, what has changed recently that makes this such a big talking point now?
  - joquarky 1y ago
    > There are almost 20 million more jobs in the US now than there were 20 years ago There are 40 million more people in the USA than 20 years ago.
    - Kon5ole 1y ago
      >> There are almost 20 million more jobs in the US now than there were 20 years ago >There are 40 million more people in the USA than 20 years ago. Makes sense, 20 million more workers should mean about 40 million more people in total, accounting for children and elderly.
  - RichEO 1y ago
    What you’re missing, in your relentless focus on mostly abstract economic measurements, is that the measures of individual success and happiness are going down. People on average, are less able to afford to buy homes, raise children and pay for health care.
    - Kon5ole 1y ago
      I assure you I have no relentless focus on anything but trying to understand what's going on! There are many problems for sure but I don't understand how they can be solved with faulty explanations! Many people seem convinced that the problems in society are caused by billionaires hoarding money, when they clearly aren't hoarding any relevant amounts of money. The problems with housing, healthcare and such are very obviously caused by other things (Home mortgages being a huge cornerstone of the entire economy for one, millions are placed in a situation where cheaper housing would be a catastrophe - including banks). Maybe our parents, who were able to buy a house for like 5 years of a worker's salary, were just the luckiest generation? It sure hasn't been that easy to get a home before or after at any time in history. Right now is one of the runner ups though, but we're comparing the situation with the best ever.

by diggan 1y ago

hshdhdhj4444 1y ago

U.S. productivity has increased massively over the last half century and yet much of the increased productivity has ended up in the hands of a select few. This is being accelerated by the bill passed the senate literally today. Is there any reason to believe we will drastically reverse the trend?

Kon5ole 1y ago
>much of the increased productivity has ended up in the hands of a select few. I do agree that wealth is not distributed particularly fairly but I don't understand the idea that it's mostly going to a select few. There are almost 20 million more jobs in the US now than there were 20 years ago, that's a lot of productivity right there. Amazon employs 1.4 million people. Bezos has spent maybe the equivalent to a couple of weeks worth of Amazon payroll so far in his life. His yacht was the equivalent of a few days, his wedding maybe one hour. That money didn't come from Amazon either, it came from people wanting to own Amazon. Leaving aside whether that's fair or not, surely it means that most of the productivity and money is going to the employees? What am I missing here? How was this better before, what has changed recently that makes this such a big talking point now?
- joquarky 1y ago
  > There are almost 20 million more jobs in the US now than there were 20 years ago There are 40 million more people in the USA than 20 years ago.
  - Kon5ole 1y ago
    >> There are almost 20 million more jobs in the US now than there were 20 years ago >There are 40 million more people in the USA than 20 years ago. Makes sense, 20 million more workers should mean about 40 million more people in total, accounting for children and elderly.
- RichEO 1y ago
  What you’re missing, in your relentless focus on mostly abstract economic measurements, is that the measures of individual success and happiness are going down. People on average, are less able to afford to buy homes, raise children and pay for health care.
  - Kon5ole 1y ago
    I assure you I have no relentless focus on anything but trying to understand what's going on! There are many problems for sure but I don't understand how they can be solved with faulty explanations! Many people seem convinced that the problems in society are caused by billionaires hoarding money, when they clearly aren't hoarding any relevant amounts of money. The problems with housing, healthcare and such are very obviously caused by other things (Home mortgages being a huge cornerstone of the entire economy for one, millions are placed in a situation where cheaper housing would be a catastrophe - including banks). Maybe our parents, who were able to buy a house for like 5 years of a worker's salary, were just the luckiest generation? It sure hasn't been that easy to get a home before or after at any time in history. Right now is one of the runner ups though, but we're comparing the situation with the best ever.