crossbody

5 ms·

31.
by crossbody 10mo ago
In EU? What is false about it? I paid the 50% income tax after getting my "free education"
32.
by crossbody 10mo ago
LLM hallucinations are still a thing for ultra niche topics. Not a problem for topics that have sizeable wiki pages, like Baumol Effect. Here is the first paragraph from wiki: "...tendency for wages in jobs that have experienced little
33.
by crossbody 10mo ago
I asked Gemini 3 if your statement is true and got this, as expected: "That statement is false. In fact, the prediction that wages will rise in low-productivity sectors is the central mechanism of Baumol’s Cost Disease"
34.
by crossbody 10mo ago
It's not. But apparently that's what most American students demand and universities supply to satisfy the demand.
35.
by crossbody 10mo ago
Ok, the prior link was comparing it to EU though, so perhaps costs for professors there went down even more, as professors make less there compared to US
36.
by crossbody 10mo ago
The pay is determined by supply and demand, apparently there is a relatively large supply of educators (many just enjoy it despite low pay) relative to the demand. I see your point on broader benefits, however, those are largely speculative
37.
by crossbody 10mo ago
That's also true for entrepreneurs, right?
38.
by crossbody 10mo ago
Exactly
39.
by crossbody 10mo ago
Ok, I overlooked that. I think that's fair that risk should be more spread. Comes at a cost of people choosing degrees more frivolously though and wasting their time and everyone's money
40.
by crossbody 10mo ago
The students bear costs but no benefit to themselves? No higher wages? My point is that it doesn't matter in principle if one takes a loan and pays it down over time vs. one is taxed at much higher % and that tax "pays down"
41.
by crossbody 10mo ago
It does. In large part due to Baumol's cost disease - higher overall incomes in productive sector like tech drive up costs for sector with low productivity growth - so professors and admin staff in US make 2x salaries compared to Europ
42.
by crossbody 10mo ago
For sure. The main benefit is that it allows smart, hardworking but poor students to get a degree and utilize their brainpower productively for the benefit of all. That's great. Just don't say it's "free" - those wh
43.
by crossbody 10mo ago
Why is tech high paying exactly? Maybe low supply of qualified labor? Maybe that can be solved with qualified immigration? We can call such a program H1B, for example, and it would benefit the American economy overall at the cost of slightl
44.
by crossbody 10mo ago
I'd reword the question: "was college paid for via higher income taxes for graduates (and others) or via a more direct approach of student loan taking?". I believe the latter but I don't see the fundamental difference. I
45.
by crossbody 10mo ago
That's the sad outcome of everyone getting _some_ degree in recent years. Something like 50 years ago 10% had college degree, now it's close to 50%. Meanwhile population IQ score stayed rather stable while willingness to work hard
46.
by crossbody 10mo ago
Did Europe find a cheat code that gets free $$$ for education? Nothing is free - once you graduate you are hit with 50% tax that gets back all you "free" tuition costs many, many times over. Not saying education should not be subs
47.
by crossbody 10mo ago
Most of you here assume the "Human Capital" model (i.e. you pay to acquire skills), but that entirely misses the actual point of a college degree! 2001 Nobel Prize went for demonstrating that college is basically a quarter million
48.
by crossbody 11mo ago
Dude, who cares about study design and methodological validity! Let's just burn Meta down and put Zuck to jail! /s What you a saying is valid criticism of the study but people here already made up their mind, so they downvote. Ano
49.
by crossbody 11mo ago
By the same token, why stop at 1.5M and not build a 15M mansion? Or 150M palace? Because you need to build what will meet the demand, not just most expensive thing ever that nobody will buy. Capitalism is the most effective mechanism to sat
50.
by crossbody 11mo ago
Well, people and local government in most other countries have no option to set expansive zoning restrictions. It's the rules set up on higher level that enable this system
51.
by crossbody 11mo ago
Zoning laws still influence rural prices! People fled expensive cities to more affordable rural areas due to city zoning, and that drove up prices in short term, as construction lags demand. Other factors (material costs, construction labor
52.
by crossbody 11mo ago
It's one of the main factors. And it can be reduced to almost nothing if a small single family housing zone is turned into a skyscraper providing accommodation for thousands
53.
by crossbody 11mo ago
Exactly. Zoning laws affect lot sizes, remove them as in Houston or most other countries and the problem disappears.
54.
by crossbody 11mo ago
Bingo! And that's on government. Remove (or relax) those now by decree and rent prices drop tomorrow
55.
by crossbody 11mo ago
Finally a rational comment and not blind hating-complaining. Thank you
56.
by crossbody 11mo ago
Supply is driven by demand unless there is a monopoly in house building (there isn't). If this wasn't the case, one could quickly become a billionaire by starting first company that build small houses that are supposedly in demand
57.
by crossbody 11mo ago
The good old days... that never were! Life has improved for nearly everyone on nearly every metric. But if one myopically focuses on house purchasing as the only thing that matters and takes anomalous post WW2 period, then sure, things are
58.
by crossbody 11mo ago
"probably". Care to provide reasoning or is this just a knee jerk reaction? Are you familiar with the service and how it works?
59.
by crossbody 1y ago
Redefining "pandemic" is basically word violence! /s Fully agree with you comment. I am shocked that the hyperbole with the classic "greedy corporations are eating us alive" empty narrative got so many upvotes here
60.
by crossbody 1y ago
Exactly right. I doubt we can get to causation unless we conduct proper long term experiment instead of just looking at correlations and assuming causation goes one way. The study says social bonds are associated with lower inflammation. It

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