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Young adults have less to spend on non-essentials, study says

theguardian.com

11–20 of 75 posts

Re: Young adults have less to spend on non-essentials, study says

#11

I wonder at what point the Tories will deem food and accommodation as non-essential?

The American right wing already believes food is a luxury: https://twitter.com/RepThomasMassie/status/10681363932375572...

But that tweet is nothing of the sort. Food is not a luxury, but you can never have a right for someone else's labour.

Re: Young adults have less to spend on non-essentials, study says

#12
post #6

Earlier quoted context omitted.

Many places outside of big cities are depopulating, have few decent jobs and services, and are still pretty expensive. If you are from the areas, have a family or an already decent career it might work, but for the majority it isn't a solution. And if people would actually would start moving somewhere else instead the same things would happens there.

> if people would actually would start moving somewhere else instead the same things would happens there. Not really. Unless everyone moves to the same place. We need to diversify from London. Having everything centred there is madness.

It would probably in many places though. The reason cities like London are more "successful" these days despite being completely unsuitable for modern industries at face value is because they can handle the growth. Adding a couple a thousand people is a rounding error in big cities, but would be the entire liquid housing market in smaller ones. Maybe you are right, maybe people just aren't aware. But it doesn't seem like the most obvious explanation. People, including Britons, have been moving to Berlin for decades now in search of more affordable living.

Edit: I am being rate limited so I will respond here instead.

> Except for the lack of affordable housing?

Sort of. Affordable housing is more a problem of uneven distribution of opportunities than costs as such. If you are part of those who do get to take part in those opportunities this is less of a problem since you are effectively in the same situation as living in a richer country. Of course you also miss out on opportunities that would be enabled by affordable housing, and a lower cost of living. But since most more affordable location can't take advantage of that as their own cost of housing is usually relative to their local opportunities it becomes a game of who is the biggest which large companies in large cities win.

Re: Young adults have less to spend on non-essentials, study says

#13

My advice to "millenials" (well I think technically I'm one, so let's say younger ones) is to stay the hell away from London. I read these articles on the housing crisis and staggering rent amounts and wonder am I even living in the same country as these people.

This basically amounts to advising them not to live in a city (which is fine). But some people do like living in cities, and London is really the only option in the UK if you want to do that. No other city in the UK is anywhere close to London in terms of culture and economic opportunity.

Yes, rents in Manchester and Birmingham are lower. But you're going to get paid less, you have to live in a second tier city, and in the long run you have fewer career opportunities.

Re: Young adults have less to spend on non-essentials, study says

#14
post #13

My advice to "millenials" (well I think technically I'm one, so let's say younger ones) is to stay the hell away from London. I read these articles on the housing crisis and staggering rent amounts and wonder am I even living in the same country as these people.

This basically amounts to advising them not to live in a city (which is fine). But some people do like living in cities, and London is really the only option in the UK if you want to do that. No other city in the UK is anywhere close to London in terms of culture and economic opportunity. Yes, rents in Manchester and Birmingham are lower. But you're going to get paid less, you have to live in a second tier city, and…

> This basically amounts to advising them not to live in a city (which is fine). But some people do like living in cities, and London is really the only option in the UK if you want to do that.

I'm gonna call bollocks on that :)

I agree with the rest to an extent. You're going to be paid higher (well not everybody, but most HN readers would be) and have all the other advantages of London. Fine. But you need to take the downsides with that and stop moaning.

When I was emigrating to the UK I considered everywhere. London was one of the first places I crossed off my list.

Re: Young adults have less to spend on non-essentials, study says

#15
post #13

Earlier quoted context omitted.

This basically amounts to advising them not to live in a city (which is fine). But some people do like living in cities, and London is really the only option in the UK if you want to do that. No other city in the UK is anywhere close to London in terms of culture and economic opportunity. Yes, rents in Manchester and Birmingham are lower. But you're going to get paid less, you have to live in a second tier city, and…

> This basically amounts to advising them not to live in a city (which is fine). But some people do like living in cities, and London is really the only option in the UK if you want to do that. I'm gonna call bollocks on that :) I agree with the rest to an extent. You're going to be paid higher (well not everybody, but most HN readers would be) and have all the other advantages of London. Fine. But you need to take t…

>But you need to take the downsides with that and stop moaning.

This is the whole problem with the UK. Many of the current problems with London are fixable. People need to keep moaning about them in order to get them fixed.

Re: Young adults have less to spend on non-essentials, study says

#16
post #15

Earlier quoted context omitted.

> This basically amounts to advising them not to live in a city (which is fine). But some people do like living in cities, and London is really the only option in the UK if you want to do that. I'm gonna call bollocks on that :) I agree with the rest to an extent. You're going to be paid higher (well not everybody, but most HN readers would be) and have all the other advantages of London. Fine. But you need to take t…

>But you need to take the downsides with that and stop moaning. This is the whole problem with the UK. Many of the current problems with London are fixable. People need to keep moaning about them in order to get them fixed.

Tbh I think the "easiest" single thing which would improve the UK immensely would be to ditch FPTP and bring in some type of PR voting.

Re: Young adults have less to spend on non-essentials, study says

#17

Earlier quoted context omitted.

The American right wing already believes food is a luxury: https://twitter.com/RepThomasMassie/status/10681363932375572...

But that tweet is nothing of the sort. Food is not a luxury, but you can never have a right for someone else's labour.

> you can never have a right for someone else's labour.

The reason a human's productivity is orders of magnitude higher than that of a stone age person is the work of uncountable legions of dead people. Almost everything we have and know is due to network effects of humans working together in time and space. The current generation's productivity is almost all due to inherited tools and knowledge. You do live off of "other people's work", we all do. The amount that you yourself contribute, and that you are concerned about, is negligible in comparison to the inheritance. We can afford to be much, much more relaxed. You are not living a stone age life where your concern would have had merit, because most of what you achieve was indeed attributable mostly to yourself (although even then tools and techniques inherited from previous generations probably was a major factor).

If somebody is able to "make millions", or even billions, how much is only their own effort? Put a baby in a swamp and see what they can achieve. That billionaire is sitting in the center of a vast network of humans in time and space - most of it consisting of the dead who cannot be paid even if you wanted to. It's certainly good and necessary to have such people in central network locations, I just dislike when people think those guys are "self-made". I let you live alone in a remote forest, and even with all modern knowledge, where is your "self-made" empire? Same for a 50k/year job, who still is vastly more productive than a $100/year stone age guy not at all because of superior skills or effort. Your position in the space-time human network determines most of your impact.

So to what I quoted of your comment, that is exactly what we do, every one of us. Some just like to pretend that their own contribution is much more significant than it really is, because almost all of the productivity and possibilities are from the network and not from a particular person. So - relax! It isn't you who pays, it's the dead >99.9%.

Re: Young adults have less to spend on non-essentials, study says

#18
post #15

Earlier quoted context omitted.

>But you need to take the downsides with that and stop moaning. This is the whole problem with the UK. Many of the current problems with London are fixable. People need to keep moaning about them in order to get them fixed.

Tbh I think the "easiest" single thing which would improve the UK immensely would be to ditch FPTP and bring in some type of PR voting.

That or turn London into a city state :)

Re: Young adults have less to spend on non-essentials, study says

#19

My advice to "millenials" (well I think technically I'm one, so let's say younger ones) is to stay the hell away from London. I read these articles on the housing crisis and staggering rent amounts and wonder am I even living in the same country as these people.

I don't live in London, but I live in my country's biggest city. All the jobs are here, so I can either live in the city or outside the city, with a 2-hour commute. It kind of sucks either way, but that extra hour a day, I spend with my daughter and that makes me happy.

Re: Young adults have less to spend on non-essentials, study says

#20

My advice to "millenials" (well I think technically I'm one, so let's say younger ones) is to stay the hell away from London. I read these articles on the housing crisis and staggering rent amounts and wonder am I even living in the same country as these people.

Unfortunately the UK economy is very London centric. And the deck is very much stacked in London's favour due to the sheer numbers who live in London compared to the rest of the UK - (greater than 1/8th of all people in the UK live in London).

I moved to London from a UK regional capital, and personally I've had the opportunity to improve my earnings much further than would be achievable at home for my particular branch of Tech.

All my peers are well aware that the rent is breathtaking - however most of us with home ownership aspirations are not intent on living in London indefinitely, owning or renting in the commuter towns in the south east are far more achievable on a good IT salary.

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