11–20 of 62 posts
I have another thesis. Take a sample of all the last few major economic crisis. For example the 2008 credit crisis. Check if available jobs persisted open, 18+ months subsequent to crisis. If they didnt, then something is different in this crisis vis a vis all prior crisis. Take a look at confounding factors. What do you see? -Huge subsidy of unemployment via federal checks and unemployment expansions. Pay matters, b…
Readers: I hope you don't mind me momentarily intervening in the voting process, but I will post the comment below for others who may not have show-dead turned on to see.
EDIT: Even more curious, the majority of this accounts otherwise normal posts seem to be [dead] as well. Is this a result of HN shadowban, or is this outside influence by a very motivated dissenter? Curious what I've stumbled upon here, as there are quite a number of accounts like this I'm noticing lately.
https://news.ycombinator.com/threads?id=newaccount2021
https://imgur.com/1CUqXja.png 0 minutes, dead.
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newaccount2021 [dead] [–]
I think its more basic:
1. the restaurant they used to work at isn't there anymore
2. they moved back in with the parents and stopped giving a shit about the future
3. still living off their unemployment and stimulus...it will go to zero one day, but not today
4. even with a substantial raise, most jobs they qualify for will still leave them impoverished, so whats the point
America's unemployed need deflation more than they need a raise. A 50% drop in housing costs will serve them better than a 15% raise. The number of Americans who would benefit from a substantial deflation rises every day.
I have another thesis. Take a sample of all the last few major economic crisis. For example the 2008 credit crisis. Check if available jobs persisted open, 18+ months subsequent to crisis. If they didnt, then something is different in this crisis vis a vis all prior crisis. Take a look at confounding factors. What do you see? -Huge subsidy of unemployment via federal checks and unemployment expansions. Pay matters, b…
[flagged]
I have another thesis. Take a sample of all the last few major economic crisis. For example the 2008 credit crisis. Check if available jobs persisted open, 18+ months subsequent to crisis. If they didnt, then something is different in this crisis vis a vis all prior crisis. Take a look at confounding factors. What do you see? -Huge subsidy of unemployment via federal checks and unemployment expansions. Pay matters, b…
I have another thesis. Take a sample of all the last few major economic crisis. For example the 2008 credit crisis. Check if available jobs persisted open, 18+ months subsequent to crisis. If they didnt, then something is different in this crisis vis a vis all prior crisis. Take a look at confounding factors. What do you see? -Huge subsidy of unemployment via federal checks and unemployment expansions. Pay matters, b…
This is a bizarre take. The recovery from 2008 was the slowest recovery in US history (marketed as the longest period of growth in US history), and it probably permanently damaged the size of the workforce. Prime age employment was down IIRC 10% for years.
An otherwise insightful (but somewhat crass) comment seems to have been immediately [dead] upon being posted, but I think they might be on to something. Readers: I hope you don't mind me momentarily intervening in the voting process, but I will post the comment below for others who may not have show-dead turned on to see. EDIT: Even more curious, the majority of this accounts otherwise normal posts seem to be [dead]…
[1] https://www.brookings.edu/techstream/the-lying-flat-movement...
[2] https://www.sixthtone.com/news/1007589/tired-of-running-in-p...
Childcare used to be cheap, but overregulation at the state and local level have made it extremely expensive. For example, extreme caregiver to child ratio regulations really drive up costs.
On top of that you need a lawyer and a pile of permits just to open up a daycare center in several states now. Childcare could be a good job for lots of low-skill people, and could free up parents to re-enter the workforce.
Instead I imagine we’ll take the easy way out like we always do: print money and give it to parents and caregivers, which will not solve the problem and will just drive up childcare costs further.
An otherwise insightful (but somewhat crass) comment seems to have been immediately [dead] upon being posted, but I think they might be on to something. Readers: I hope you don't mind me momentarily intervening in the voting process, but I will post the comment below for others who may not have show-dead turned on to see. EDIT: Even more curious, the majority of this accounts otherwise normal posts seem to be [dead]…
Except servicing existing debt would become nearly impossible as wages went down, but that pesky car payment stayed at $500/mo.
An otherwise insightful (but somewhat crass) comment seems to have been immediately [dead] upon being posted, but I think they might be on to something. Readers: I hope you don't mind me momentarily intervening in the voting process, but I will post the comment below for others who may not have show-dead turned on to see. EDIT: Even more curious, the majority of this accounts otherwise normal posts seem to be [dead]…
> A 50% drop in housing costs will serve them better than a 15% raise. The number of Americans who would benefit from a substantial deflation rises every day. Except servicing existing debt would become nearly impossible as wages went down, but that pesky car payment stayed at $500/mo.
older Americans with high debt loads are DOA no matter what
An otherwise insightful (but somewhat crass) comment seems to have been immediately [dead] upon being posted, but I think they might be on to something. Readers: I hope you don't mind me momentarily intervening in the voting process, but I will post the comment below for others who may not have show-dead turned on to see. EDIT: Even more curious, the majority of this accounts otherwise normal posts seem to be [dead]…
