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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

#411

Earlier quoted context omitted.

Minimum wage here is $15/hour. If you make that you are below the poverty line. The poverty line here is $41,866/year. I work 6 days a week most weeks and make a bit above that and it's still a struggle sometimes affording bills and other expenses and I really don't live very extravagantly. So unless you're giving that out...you will be living in abject poverty with a ubi. I really think people who advocate for this…

If you have UBI, you don't need a high minimum wage. By getting rid of high minimum wages and of a host of heavy and intrusive labor regulations that keep marginal workers out of the market, structural unemployment can be expected to fall and earned-incomes at the low end to increase . You might be living in abject poverty if UBI was all you had , but that's not the point. It's a supplement to your existing income. B…

It's not about the minimum wage it's about what's considered poverty. If you make below $41866/year here you are living in poverty.

> heavy and intrusive labor regulations

I'm curious as to what you consider heavy and intrusive labour regulations? All of the regulations in the industry I work in are focused on worker health and safety. Without those regulations I would be working in dangerous hell hole breathing in toxic dust constantly, where I wouldn't be paid overtime wages, be legally eligible for breaks and my shifts could be whatever the fuck my boss wanted.

>but that's not the point. It's a supplement to your existing income.

Several other posts in this comment thread alone seem to disagree and believe it's a reasonable amount of money to live on.

>will provide minimum means not to fall into abject poverty

>actually do see it as solely sustainable, in the scenario I outlined.

There's also comments on here from people talking about how it will give them time for this that or the other.

Lets see, for me at least I would need to get $1200 every month just to cover rent and i've lived in the same place for 8 years now. Rent in that time has doubled around me to the point where a one bedroom apartment is $2400/month. My internet bill is just under $100/ month, phone bill is about half that, travelling to and from work is about $200 a month, groceries and expenses and such another $200 or so if not more. Leaving whatever I have left for saving and fun.

I'm just really trying to imagine what kind ubi could be given to anyone that would really make a difference.

I understand why people want this and I understand the wanting to believe people will take this money and be alright and use the extra time they will suddenly have to better their skills still feel ok when low skilled work becomes unavailable.

The reality will be something more along the lines of an underclass living in ghettos being unable to move up. As it is even the most unskilled work around requires expensive tickets and certifications. Hell apparently even burlesque dancers here can't get work without a ticket saying they went to burlesque school.

This is going to keep happening and the barrier of entry to things will keep being raised to the point where these people won't be able to enter the workforce even if they tried. Even i'm not doing what I went to school for because I can't afford the $15,000/year fee to register as a professional. So despite my education,degrees and my work experience, I don't get hired because I can't pay to have that little R.P. appended to my name.

Having extra time and a little bit of extra money means nothing when the fees for entry are beyond what you can put together without already working.

And i'm not even going to bother going on about the reality of what happens when you give poor unmotivated people free money...but maybe look into council estates and what happens there in the UK.

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

#412
post #390

Earlier quoted context omitted.

I don't believe that "makes money partially through investing" is true for a significant part of the population given that 60+% of Americans don't have $500 in savings. Though perhaps that is the point

The internet suggests that the median American household has closer to $5,000 in a savings account. Regardless, while you may see some paltry returns, savings is not really what I think most would consider any meaningful investment income. The primary purpose of a savings account is to keep a modest sum of liquid cash available for emergency purposes and not where one would want to keep most of their assets. Wealth f…

In addition to most "middle class" wealth being tied up in home equity, I would wager that the vast majority of "investments" is tied up in retirement funds. Very few middle class people have regular income from investments. Outside of Silicon Valley where RSUs and ESPPs are common, few people can rely on stocks or other equities to generate any usable income outside of retirement.

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

#413

Earlier quoted context omitted.

> You seem to believe there's a fixed pile of money in the world ...there is. not in the sense of "money" but in the sense of "wealth" and ownership of private property. Wealth is not "created" it is diverted. If wealth grows in one place it's because it shrank in another. Unless you believe that growth and resources are infinite, like many capitalist economists.

When you invent the wheelbarrow, stack bricks into a house, plant a seed, where is wealth diverted from? Who is losing? What shrank? Potential wealth is ‘finite’ because humans are finite but there’s no practical limit. (Just like there’s no practical limit to how much art can be made. If art isn’t being made it isn’t because there’s only so much creativity to go around.)

Where did you get the land to grow your seed? Where did you buy the bricks to build your house? And the fence to keep the deer away? What of the police and army to keep people from killing you and taking your seedling? The water to nourish it?

You described one of the only scenarios in which wealth is "created" and the only reason it's created is because it derives "free" energy from the sun. But that is just one of the economic inputs of the seed, and there are many more (the labor to water it, the water to grow it, the land on which it grows).

The sun's energy in this case is a small portion of the actual economic inputs the seed requires. And those economic inputs are diverted from somewhere else. They do not appear out of thin air.

So yes, I agree, we should harness the sun's energy, or other "free" energy sources, as economic inputs.

That doesn't change the fact that the overwhelming majority of wealth already exists and is not created out of thin air, but diverted.

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

#414

Earlier quoted context omitted.

If someone invents a tool and sells it for a profit - who was exploited? Is it not possible for everyone to be richer than they started and also create wealth?? The question was really simple. Your answer is the kind that inevitably ends with "you just have to read Das Kapital". That is not an answer.

>If someone invents a tool and sells it for a profit - who was exploited? Nobody, and Marx doesn't say that anyone is in such a case. >Is it not possible for everyone to be richer than they started and also create wealth?? In some way, it is possible - after all, the worker is richer than he was before (he has more money thanks to his wage) as is the capitalist (who has made money from the sale). Now what wealth is c…

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

#415
post #242
post #10

" middle-class life to those without a college degree " Anytime you start delving into what has changed for a subset of people, over decades, the most important piece of the puzzle is decided ding who qualifies for the subset. I mean concepts like "middle class" or "without a college degree." A lot more people get degrees, in 2018. Does the graduates/nongraduates segment still represent a comparable group of people?…

The American term "middle-class" means something far less specific than the original British meaning of "well to do, town dwelling, non-aristocratic business owner". In that definition, a "middle-class" person is never an employee (which would make someone "working-class"). The American use of the term reflects (whether or not it is borne out in reality) the achievement of a comfortable and secure lifestyle (relative…

In my experience, in Britain middle class means driving an Audi and eating hummus (eg a lifestyle), nothing to do with owning a business

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

#416

Earlier quoted context omitted.

When you invent the wheelbarrow, stack bricks into a house, plant a seed, where is wealth diverted from? Who is losing? What shrank? Potential wealth is ‘finite’ because humans are finite but there’s no practical limit. (Just like there’s no practical limit to how much art can be made. If art isn’t being made it isn’t because there’s only so much creativity to go around.)

Where did you get the land to grow your seed? Where did you buy the bricks to build your house? And the fence to keep the deer away? What of the police and army to keep people from killing you and taking your seedling? The water to nourish it? You described one of the only scenarios in which wealth is "created" and the only reason it's created is because it derives "free" energy from the sun. But that is just one of…

It's helpful to separate natural resources (land, woods, oil, etc.) from wealth (valuable possessions).

We take natural resources, often plentiful, apply labor + skill, and get a more valuable product. We're wealthier as a result.

Yes, natural resources are finite, but not the limiting reagent for most things. There's a zero-sum game in that land used for farming is not available for an entertainment complex. But we have so much used for "nothing" that switching it to "something" is a giant increase in wealth. You can buy an acre in Kansas for a month's worth of minimum wage work. Las Vegas was built in a desert surrounded by hundreds of miles of wasteland. Did turning land, earth, trees, and iron ore into Las Vegas add zero value? (Not saying it was the best use of resources, just that assembling buildings improved the value of the raw materials.)

As a counterexample, consider melting down a car into slag. Are you less wealthy with your charred steel than a working car? Of course -- charred steel is less valuable. The number of atoms is the same. In other words, is an assembled watch worth the same as a pile of gears? Are you indifferent to the two?

If wealth were fixed in the earth, we must be getting poorer as the population grows. A few thousand years ago we had 1M people on earth. Were those peasants 7000x wealthier than us?

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

#417

Earlier quoted context omitted.

Where did you get the land to grow your seed? Where did you buy the bricks to build your house? And the fence to keep the deer away? What of the police and army to keep people from killing you and taking your seedling? The water to nourish it? You described one of the only scenarios in which wealth is "created" and the only reason it's created is because it derives "free" energy from the sun. But that is just one of…

It's helpful to separate natural resources (land, woods, oil, etc.) from wealth (valuable possessions). We take natural resources, often plentiful, apply labor + skill, and get a more valuable product. We're wealthier as a result. Yes, natural resources are finite, but not the limiting reagent for most things. There's a zero-sum game in that land used for farming is not available for an entertainment complex. But we…

Fair points in regards to my response. However, I believe part of your argument is still predicated on endless resources. Agreed, there are vast many (ever-shrinking) resources we can use while the population is growing, however at some point we will reach an equilibrium where there is no more vacant land and the creation of new wealth (barring space exploration, at least for this argument) will cease.

In regards to your watchmaker: a pile of gears might be marginally useful to a few, but a working watch will be valuable to many. Has the watch created wealth? No, because the people who were not buying watches are now not buying something else in order to buy the watch. The creation of the watch did not add the dollar-value of exactly one watch to everyone's wealth, allowing them to spend money on the watch. The wealth was diverted! The creation and selling of the watch certainly did create societal value but it did not create wealth, it merely diverted wealth from some other purchase each watch-buying customer would have made and sent it to the watchmaker.

My point is that the overwhelming majority of transactions are diversions, not creations, of wealth.

To your very original point: "You seem to believe there's a fixed pile of money in the world that every human competes for"

I suppose my argument should be changed to: Perhaps amount of wealth is not currently fixed (as defined by the shrinking number of resources one could use to create wealth), but those who create wealth (and not just merely divert it) are generally already very wealthy and are generally the only ones who have the means to create this wealth due to extremely high barriers to entry.

So, I would say theoretically, you're correct: there is a growing pool of wealth. But practically, any normal, everyday person cannot go around creating new wealth...they can only hope it is diverted to them by someone who already has wealth.

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

#418
post #269

Earlier quoted context omitted.

The timing is a guess. But I do believe that we’re not far away from a point at which computers are much better at generating a CRUD app, or finding the most efficient algorithm, etc, but are still far from crossing the uncanny valley of making a truly moving piece of music, or work of art. I don’t think programmers will be obsolete; but I think the skill set will shift away from the analytical and mathematical trait…

In regards to art and music, it is more about artificial scarcity and popularity. The few artists at the top make a lot of money. As for the rest - the term "starving artist" describes them. Also, given that computers can test stuff on billions of people, I would say there is a good chance that you could have popular pieces of music and art that are produced largely by algorithms in the very near future.

Actually, it's becoming increasingly less difficult to make a living in art by finding a niche, because the niche that any given person can access has grown.

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

#419

Earlier quoted context omitted.

I always thought that college was not to increase your typical office worker's productivity by X% but instead to be a long term bet on massive gains for society through academic research.

If that's the true, we should make colleges more intellectually elitist and put most of the funding on places that provide that better worker's productivity, or simply cut funding if there is no better option. We also should make it easier for those academics to bring those massive gains, because academia isn't organized for that. I still think this is not the real goal, but maybe it was at some time. (Is there more…

That's probably not the (only) way to do it. There are two interrelated but distinct types of breakthroughs that happen in research: the kind that occurs well within expectation, the next step in a well-understood plan; and the kind that is serendipitous, usually by way of uncommon or novel interpersonal or intellectual communication. For the latter, you need... diversity. Expertise, too, of course, and some amount of common ground. However, the most interesting and creativity-enabling interactions require people who aren't all aiming at the same thing before they initially interact.

On top of that, it can be difficult to separate the people who are actually intellectual elites and the people who are good self-marketers.

I kind of think we should just be committing a lot more funding to those interested, who meet some reasonable, objective level of expertise.

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

#420
post #360

Earlier quoted context omitted.

I mean which invention that created a trillion dollars in economic growth. Microsoft's main thing was to retard the progress of web browsers for half a decade.

Really unfair to discredit Microsoft from anything but the web browsers issue. They massively pushed the idea of personal computers, probably more than any other company in history.

Commodore? ...Apple?
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