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Big Cities No Longer Deliver for Low-Skill Workers

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Re: Big Cities No Longer Deliver for Low-Skill Workers

#161

Earlier quoted context omitted.

Likely because money and wealth is a zero sum game. There is only so much land, food, and materials to go around.

Money is just a tool to represent value. Value is not a zero-sum game. If a person creates something of value, she is creating something that did not exist before.

For that item to have quantifiable value to others though, they must be willing to exchange their money for the new item. The money that is to be exchanged already existed and is supposed to be limited in supply via fiscal policy. If the majority of that supply is owned by a small group of people the value that can be exchanged for the newly created item is limited as well unless those with the wealth want it.

Re: Big Cities No Longer Deliver for Low-Skill Workers

#162
The bar for "low-skilled" is rising not only due to globalization but automation. In a way, this seems correct -- in a growing economy you shouldn't really be able to carve out a middle class lifestyle pushing a lever for 50+ years.

If the economy is growing and innovation is taking it's course the low hanging fruit will eventually be clipped, the "gig" economy actually has the trend right in terms of the next "middle class" job for "low skilled" workers being involved with augmenting data driven services and services in general.

The place where the gig economy falls short is of course regarding stability and benefits, I don't know if it's the governments place to step in here or a new model is required from these human augmented data services, but we're only at the beginning of the economy being fundamentally transformed by data.. and there are still many areas where automation and AI is not good enough.. perhaps this is where the low skilled middle class earns its next income.

Re: Big Cities No Longer Deliver for Low-Skill Workers

#163

Earlier quoted context omitted.

The huge mass of voters who can't get jobs?

At 1$/vote , those masses will be swayed by the social and "news and commentary" media at whomever pays to focus their ire. And that very news media can also sway people that 'their vote doesnt count'. I remember when Fox News was running "ObamaCare is Evil Socialism", at the same time talking how the ACA was helping people. Or how they were railing about "illegals" while at the same time discussing Southern farmers'…

I don't know why media companies aren't into school privatization. They could bus the kids on work trips and put their channel on the bus TV. Might have to get some changes in the child labor laws.

Re: Big Cities No Longer Deliver for Low-Skill Workers

#164

The top 1% of American's own more wealth than the bottom 90% and this concentration is only increasing. Soon no cities regardless of size will deliver for low skilled workers as there will simply not be enough of the proverbial pie to go around. As wealth is concentrated and rents and property values rise the vast majority of this country will (does?) live paycheck to paycheck. This is unsustainable and will either n…

Repeat after me: Wealth is not a zero sum game. Wealth is not a zero sum game. Wealth is not a zero sum game.

Who fucking cares? Is this the new calling card to prevent another Occupy? That kind of "end of discussion" is likely going to end up with another 500 bankers mysteriously suiciding again.

Re: Big Cities No Longer Deliver for Low-Skill Workers

#165
post #50

> So what’s to be done in order to help mid-skilled and non-college workers live decent, middle-class lives? ... build lots more housing in cities, driving down rents and making cities more livable for everyone. This is a nice idea in theory, but isn't this a temporary fix? For the first five years, housing prices will lower. But as more companies (demanding higher-educated individuals) realize more people are availa…

So five years later you build more housing . We as a species are capable of building absurdly dense cities that are probably per-capita the cheapest place a person can live (since you cram so many into every skyscraper). We choose not to because "property values" and "my view from my window" and "I don't want those people living here".

I'm curious - are skyscrapers really the cheapest option per person? I tried to search but haven't been able to find any numbers.

I ask because recently I was reading about the old housing projects in the USA. One thing the writer pointed out is that huge buildings are expensive to both build and maintain. You need to use steel and deep foundations driven to bedrock. You need complex mechanical systems to serve everyone - from water to sewage to garbage. You need to hire specialized crews to clean the exterior and perform other maintenance.

They claimed, in comparison, a mid rise plain old timber building would have been much cheaper. You don't need all the complex mechanical systems a skyscraper needs. You don't need specialized maintenance crews. And so on.

Re: Big Cities No Longer Deliver for Low-Skill Workers

#166

The top 1% of American's own more wealth than the bottom 90% and this concentration is only increasing. Soon no cities regardless of size will deliver for low skilled workers as there will simply not be enough of the proverbial pie to go around. As wealth is concentrated and rents and property values rise the vast majority of this country will (does?) live paycheck to paycheck. This is unsustainable and will either n…

Repeat after me: Wealth is not a zero sum game. Wealth is not a zero sum game. Wealth is not a zero sum game.

Should I just chant this as I drive past the food banks at the people in line?

Re: Big Cities No Longer Deliver for Low-Skill Workers

#167

The top 1% of American's own more wealth than the bottom 90% and this concentration is only increasing. Soon no cities regardless of size will deliver for low skilled workers as there will simply not be enough of the proverbial pie to go around. As wealth is concentrated and rents and property values rise the vast majority of this country will (does?) live paycheck to paycheck. This is unsustainable and will either n…

“not enough money to go around” Where do people get this strange idea that if someone else makes money it somehow precludes others from doing it? Bill Gates got rich with an invention that also generated probably a trillion dollars in economic growth for everyone. Including most people on this sites income.

> if someone else makes money it somehow precludes others from doing it?

There is an easy way to see that and it is if the median inflation-adjusted hourly wage has risen in the US since the early 1970s. Or if inflation-adjusted weekly earnings have risen. They have not, with GDP growth, both have fallen.

That this even has to be discussed shows the deep control those heirs who expropriate surplus labor time from workers have over discourse, the media, forums like this (run and controlled by an accelerator) etc.

Workers create wealth at a mature company. Some of that pays the electricity bills etc., but then the rest goes to either dividends to the heirs, or to wages. That is the "preclusion". The heirs expropriate the profits of the surplus labor time from the workers creating the wealth. They are shorted on their wages. Sometimes this is explicit like the cabal between Steve Jobs, Eric Schmidt that came out in the lawsuit.

Insofar as Bill Gates and invention - it takes a hell of a lot of gullibility to swallow the fantasy you concocted. Kemeny and Kurtz created BASIC. Gates hacks into a military research computer at Harvard and steals computer time from it according to Paul Allen's book (and Harvard admin found out and had proceedings) - they port BASIC to the Altair.

Then IBM comes to Microsoft. IBM got wealthy with computers on taxpayer funded government contracts and a monopoly which was lightly overseen. Gates's mother is on the United Way board with IBM CEO Opel who helps makes this meeting happen. Microsoft sells Seattle Computer Product's Qdos to IBM (Gary Kildall said it was a complete ripoff of his Drdos). A purchased ripoff of another product, sold thanks to family connections. So much for "invention".

At times like the current one, with real wages falling since the early 1970s despite economic growth, that this is even discussed is a sign of how the heirs have bought and paid for the narrative as well.

Re: Big Cities No Longer Deliver for Low-Skill Workers

#168

The top 1% of American's own more wealth than the bottom 90% and this concentration is only increasing. Soon no cities regardless of size will deliver for low skilled workers as there will simply not be enough of the proverbial pie to go around. As wealth is concentrated and rents and property values rise the vast majority of this country will (does?) live paycheck to paycheck. This is unsustainable and will either n…

“not enough money to go around” Where do people get this strange idea that if someone else makes money it somehow precludes others from doing it? Bill Gates got rich with an invention that also generated probably a trillion dollars in economic growth for everyone. Including most people on this sites income.

What was Bill Gates invention? Wasn't that PARC?

Re: Big Cities No Longer Deliver for Low-Skill Workers

#169

The top 1% of American's own more wealth than the bottom 90% and this concentration is only increasing. Soon no cities regardless of size will deliver for low skilled workers as there will simply not be enough of the proverbial pie to go around. As wealth is concentrated and rents and property values rise the vast majority of this country will (does?) live paycheck to paycheck. This is unsustainable and will either n…

“not enough money to go around” Where do people get this strange idea that if someone else makes money it somehow precludes others from doing it? Bill Gates got rich with an invention that also generated probably a trillion dollars in economic growth for everyone. Including most people on this sites income.

So you can’t see how a CEO being compensated 1000x more than whoever cleans their office is a problem? Money flows like a river, and when every executive diverts egregious amounts of money that they’d never spend in their lifetime into their little pools, theres less money flowing downstream along the river. Do you really think that Bill Gates needed to become one of the richest men on earth to proselytize ms dos? Beyond paying the man enough to keep him fed and working, thats millions and millions of dollars of compensation thats removed from the broader economy solely to generate Mr. Gates a comfortable dividend.

Re: Big Cities No Longer Deliver for Low-Skill Workers

#170
post #38

Earlier quoted context omitted.

Who on earth employs a "solutions architect" whose only qualification is some random certificate that tests AWS trivia?

lots of people. In the Salesforce consulting world the Certified Technical Architect (CTA) cert means you walk in the door at any of the big consulting firms at managing director or equivalent rank and that comes out to around $200k/year. The cert isn't that easy to get, it requires a dozen or so prerequisite certs and then an exam plus a board review but you could probably do it in a year and a half. Also, i think o…

So no different than a high-level Cisco, VMware, or Redhat cert.
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