Earlier quoted context omitted.
One good thing about a true basic income is that there wouldn't be conditions for receiving it so it would significantly lessen the penalty for working legitimately (obviously there would still be tax reasons to have income you don't need to report). My hope for basic income is that by simplifying how we give aid it can take out much of the ridiculous bureaucracy of it but I'm obviously no expert
The concern I have with this will be inflation. People now have money, sellers can now raise prices. Which eventually gets us right back to where we were. You can give them more money, but then you are accelerating the cycle.
After the check is gone: The underground economy of rural America
31–40 of 346 posts
Re: After the check is gone: The underground economy of rural America
#32That is so depressing. No wonder suicide rates are up. You know there's a difference between "give a man a fish" and "teach a man to fish", but what do you do when the fish are just gone ? It was mentioned in the article, but not extensively discussed. I think maybe the largest distinct segment of the economy in ex-coalcountry regions is now pharmaceuticals, legal and illegal. There's the legal root and mushroom hunt…
> what do you do when the fish are just gone? Move to where the fish are. The economy isn't terrible everywhere.
They should be investing in their own caravan carts, rather than paying $300/month for just enough floor to throw down a mattress? Like Roma (Gypsy), Irish Travelers, or hoboes? Yes, those are all cultures valued well by the landowner class.
You can't solve a regional problem by depopulating the region. You'll just end up with the same problems in the neighboring region.
And in the metaphor, the fish are gone. As in extinct. Coal mining is dead. Natural gas extraction and green energy killed it. People still working in the industry are the isopods picking over the carcasses. Eventually, they will get down to the bones, and they too will have to find something else to eat.
Re: After the check is gone: The underground economy of rural America
#33That is so depressing. No wonder suicide rates are up. You know there's a difference between "give a man a fish" and "teach a man to fish", but what do you do when the fish are just gone ? It was mentioned in the article, but not extensively discussed. I think maybe the largest distinct segment of the economy in ex-coalcountry regions is now pharmaceuticals, legal and illegal. There's the legal root and mushroom hunt…
> If all you ever knew is coal mining, that's your condition that prevents you from finding gainful employment. Why can they not expand their knowledge? And if they truly cannot, then ... What productive purpose can we possibly expect them to have? Or in other words: why should we evaluate them as non-negligible?
Re: After the check is gone: The underground economy of rural America
#34So why can't we invest enough time and money in these people to make them engineers and technicians? Then they might be able to start shops that make and distribute the tourist trinkets mentioned by another poster. Why is the only solution that a large company that someone else creates moves in and provides low skill jobs?
Re: After the check is gone: The underground economy of rural America
#35Earlier quoted context omitted.
This is replicated all over the rust belt. One of the saddest portrayals of this is the photo essay, The Ruins of Detroit[1]. These once mighty economic engines have been silenced: manufacturing, coal, etc. What happens next is that the people who depend upon these industries to make a living, and live ... do less well of a job of this. Some argue that unions would help (they wouldn't), or anti-globalism would stop f…
The good capitalist would say that if a firm moves out of a region, that another firm will happily pounce on all of those experienced, employable workers they left behind! Hiring is hard, so having a big pool of applicants is great! What the good capitalist ignores is the extent to which workers become specialized at the firm, become a cog not shaped correctly for any other firm. Call this lack of fungibility. (It's…
i don't know what we're going to do with those people, but it seems likely that a lot of those towns will be completely gone in a generation or less.
Re: After the check is gone: The underground economy of rural America
#36Earlier quoted context omitted.
> what do you do when the fish are just gone? Move to where the fish are. The economy isn't terrible everywhere.
This is the Hacker News' equivalent comment of "Let them eat cake". I hope things are going well in The Capitol. Where do you suppose they would live? Under a bridge in San Francisco? Unless you are going to host them.
Re: After the check is gone: The underground economy of rural America
#37That is so depressing. No wonder suicide rates are up. You know there's a difference between "give a man a fish" and "teach a man to fish", but what do you do when the fish are just gone ? It was mentioned in the article, but not extensively discussed. I think maybe the largest distinct segment of the economy in ex-coalcountry regions is now pharmaceuticals, legal and illegal. There's the legal root and mushroom hunt…
> what do you do when the fish are just gone? Move to where the fish are. The economy isn't terrible everywhere.
Re: After the check is gone: The underground economy of rural America
#38That is so depressing. No wonder suicide rates are up. You know there's a difference between "give a man a fish" and "teach a man to fish", but what do you do when the fish are just gone ? It was mentioned in the article, but not extensively discussed. I think maybe the largest distinct segment of the economy in ex-coalcountry regions is now pharmaceuticals, legal and illegal. There's the legal root and mushroom hunt…
This is replicated all over the rust belt. One of the saddest portrayals of this is the photo essay, The Ruins of Detroit[1]. These once mighty economic engines have been silenced: manufacturing, coal, etc. What happens next is that the people who depend upon these industries to make a living, and live ... do less well of a job of this. Some argue that unions would help (they wouldn't), or anti-globalism would stop f…
Washtenaw County, just to the west, is also high on both of those measures.
Wayne County (where Detroit is located) is middle of the pack on those measures, not at the bottom.
Re: After the check is gone: The underground economy of rural America
#39That is so depressing. No wonder suicide rates are up. You know there's a difference between "give a man a fish" and "teach a man to fish", but what do you do when the fish are just gone ? It was mentioned in the article, but not extensively discussed. I think maybe the largest distinct segment of the economy in ex-coalcountry regions is now pharmaceuticals, legal and illegal. There's the legal root and mushroom hunt…
> what do you do when the fish are just gone? Move to where the fish are. The economy isn't terrible everywhere.
Re: After the check is gone: The underground economy of rural America
#40So why can't we invest enough time and money in these people to make them engineers and technicians? Then they might be able to start shops that make and distribute the tourist trinkets mentioned by another poster. Why is the only solution that a large company that someone else creates moves in and provides low skill jobs?
This is the same argument that I've heard from people (mainly young tech workers) that losing 1.5M truck drivers will just require "re-training". The reality that we can simple "turn a knob" and re-train people is extremely myopic.