bhupy

72 ms·

571.
by bhupy 6y ago
> Treating the two schools equal understates cost, as the per student average is higher. Maybe I didn’t make myself clear: the data pulled from the WSJ tool is per student . It’s what the middle individual (per university) expects to ow
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by bhupy 6y ago
What I’m suggesting is irrelevant is pointing out that percentage increases are lower in absolute terms, because that’s universally true everywhere. If low-end wages double, you have to look at how low-end home prices did, not median home p
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by bhupy 6y ago
If you’re interested, I provided some empirical data around upward mobility during one’s life elsewhere. I’ll just copy-paste here for convenience: “Based on the empirical tax analysis, 12% of the population found themselves in the top 1% o
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by bhupy 6y ago
The vast majority of my links are literally pictures of charts and 280 character tweets. In general, when you make a claim, the burden is on you to prove it, and you should hence provide links to your citations. Imploring others to Google a
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by bhupy 6y ago
Got it, so you’re not only incapable of actually engaging with arguments that are clearly cited with verifiable links , you also appear to have an axe to grind attacking other people totally unrelated to the discussion at hand. This is g
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by bhupy 6y ago
No problem! You've been a lot of fun to talk with, so thanks for that. > I guess my natural next question is, why do young people (to generalize) feel screwed over by our current economy? If I were to guess, it's probably becau
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by bhupy 6y ago
> Is the article talking about something different? Would you say they're incorrect? Is their data old? Etc. It's probably a combination of a couple things. 1) the article's editorializing of the data doesn't match up
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by bhupy 6y ago
> On several occasions an upper class minority has been able to convince parts of lower classes to behave against their best interests. No, on several occasions, an upper class minority has been able to convince parts of lower classes to
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by bhupy 6y ago
Sure thing! I typically like to only link to primary source so as to avoid accusations of bias. Here are some articles that summarize the primary source: https://web.archive.org/web/20160327182251/https:/&#x2F
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by bhupy 6y ago
> There are multiple ways to shape, work with, or interpret data. This is correct, but no matter how you look at it, the data tells largely the same story. Maybe you think that the median paints an insufficient picture or you want to con
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by bhupy 6y ago
> BUT, I'm not saying your data isn't relevant. Just that housing and college are pretty big things to leave out, but IIUC they are not part of the standard inflation measure. They are not left out: https://twitter.c
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by bhupy 6y ago
You're right, dispassionately citing relevant metrics and sources to make a set of points is far less impressive than complaining about being out-argued. We should all aspire to whatever we call that style of argumentation!
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by bhupy 6y ago
I know! That bhupy person just won't stop addressing replies to their own comment(s) with relevant links to metrics and sources. The audacity, am I right?
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by bhupy 6y ago
Lived experience, while important, should be treated like anecdotes. While anecdotes are valuable, the plural of anecdote != data. Should we help people whose lived experience is worse than ours? Absolutely. Does the mere existence of peopl
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by bhupy 6y ago
That's essentially only true in SF, NYC, Seattle, and maybe DC — and that can largely be attributed to local land use restrictions more than anything else. Here's a list of the salary required to afford the median home -> http
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by bhupy 6y ago
That's all correct, but ~60% of the weight in PCE and CPI-U are given to housing, healthcare, and education costs: https://twitter.com/jmhorp/status/1308799186301747200 https://www.bls.gov/cpi
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by bhupy 6y ago
These income gains are inflation adjusted, and about half the entire weight of most inflation indexes is just housing, education, and health care costs: https://twitter.com/jmhorp/status/1308799186301747200 https
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by bhupy 6y ago
It's not arbitrary, I'm just sampling the most populous because that's typically where the increases have allegedly been the most dramatic. The intention behind choosing only the top 10 is to be as minimally charitable to my
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by bhupy 6y ago
It's not just sparsely populated areas. The tool lets you see it on a per-MSA level. Here's a list of the most populated metropolitan areas in the US -> https://en.wikipedia.org/wiki/List_of_metropolitan_st
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by bhupy 6y ago
> What's your excuse for the hundreds of places that aren't San Francisco but still have ridiculous ratios between income and housing prices? There aren't "hundreds" of places. Here's a list of metropolitan
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by bhupy 6y ago
I see, you suggest that there exists refutations to the refutations I've cited. Great! Why haven't you linked them?
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by bhupy 6y ago
> That doesn't completely answer the question. It addresses discounts and grants, but there's more to it than that. Discounts are huge . "Discounts" is just another way of saying that the university charges different
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by bhupy 6y ago
Then I'm not sure that you can definitively claim that income "volatility" is necessarily higher outside of {list of expensive coastal metros}. It could be higher, but there's no information to suggest that to be case. &
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by bhupy 6y ago
Not true in every metro, there's a tool you can play with to show you the wage-to-house-price multiple: https://twitter.com/jmhorp/status/1221828310000271361 Major metros where the multiplier has largely stay
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by bhupy 6y ago
It's worth mentioning that if you pay out-of-state tuition to attend a highly ranked State school, you are almost certainly not going to become a median earner. You will comfortably find yourself spending most of your career in the
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by bhupy 6y ago
Do you have a source for income volatility per metro?
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by bhupy 6y ago
By definition, the top 1% are a minority of voters, so their influence is only as strong as the votes that they themselves are able to cast, or that they are able to convince others to cast. Their impact on elections is overstated -> ht
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by bhupy 6y ago
No, the whole point is "not much as changed". The narrative that one could pay their way through all of college is one that likely never really existed for a broad enough population outside of a brief unreproducible period after W
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by bhupy 6y ago
I think it's extremely important not to discount the circumstances of individuals. Like you said, they're people too. But the value in this data is in helping us understand what the root causes are, and what the solutions should b
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by bhupy 6y ago
> What exactly does "net tuition" exclude? Financial aid comes in many forms - grants, loans (multiple kinds), work study. Excluding some of these might be fair. Excluding others would be chicanery. The source explains it bette

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