31–40 of 343 posts
What's surprising is that with all these resources made available to the world, we still have systems that allow hoarding of wealth to such a degree that most people can't afford to own a home and many can barely afford rent and food.
Mildly weird piece, in that it's really measuring two things; lighting efficiency (and only at an extremely low resolution, implying a whole-system efficiency that doesn't change between the invention of the light bulb and the fluorescent light) and wage growth. 60 hours of work may have bought 72 hours of electric light in 1880, but rather more in 1990, say, for a combination of both reasons. That said, LED bulbs do…
My CFL TV used to provide some respite, not now I have an OLED.
Earlier quoted context omitted.
I have a love hate relationship for led lights. They are more efficient, come in an array of colors for you to personalize your space. But I consider them expensive and a lot of them surprisingly don’t last that long, especially for their price. I’ve already replace two out of three led light fixtures that are supposed to last at least a decade and it hasn’t even been 5 years. I hope the quality improves or there’s s…
They last a lot longer than incandescent bulbs, though. In fact, I've been using LED lights for about 15 years now, and I'm not sure I've ever replaced one. Even the cheap ones. By comparison, incandescent bulbs had to be replaced all the time in my experience. My parents had a supply of them ready. Phosphorescent bulbs were a bit in between. They don't break, but they get dimmer and need more time to get to full bri…
Earlier quoted context omitted.
I have a love hate relationship for led lights. They are more efficient, come in an array of colors for you to personalize your space. But I consider them expensive and a lot of them surprisingly don’t last that long, especially for their price. I’ve already replace two out of three led light fixtures that are supposed to last at least a decade and it hasn’t even been 5 years. I hope the quality improves or there’s s…
They are made to fail fast, it's obviously by design. One simple thing I do in all my led light bulbs, that makes them last for an almost indefinite amount of time: remove the plastic bulb. One of the main reasons for one of the leds or one of the capacitors to fail, is the high temperatures reached during the operation of the device. Removing the bulb makes it a lot cooler, and in the last few years since I've been…
Considering that the amount of computing that could be rented for the price of a house every month could now be bought for $20, this isn't surprising. What's surprising is that with all these resources made available to the world, we still have systems that allow hoarding of wealth to such a degree that most people can't afford to own a home and many can barely afford rent and food.
Even when I was buying a home back in 2011 there were basically no good plots of land for sale. What was there was about $10,000 an acre. I eventually got my house for $180,000 and it’s on 15 acres, meaning my 3,000 square foot house was basically only $30,000 when you account for the land price.
Obviously building vertically helps in cities, but that comes with its own costs as well.
It’s supply and demand and supply is limited by the surface area of the earth. In the short term countries could absolutely help themselves by limiting immigration. Population growth has outpaced new housing for the last 20 years in the US: https://usafacts.org/articles/population-growth-has-outpaced...
There were 2.7 million illegal border crossings in FY 2022: https://www.nbcnews.com/news/amp/rcna53517
1.6 million housing units were built in 2021: https://www.builderonline.com/data-analysis/housing-activity....
Canada built 321,000 units of housing in 2021 but is in pace to have over 500,000 immigrants this year.
It’s unsustainable and people think you’re a racist for bringing it up so it never gets talked about.
American wages have been stagnated for over 30 years.
For a vast number of Americans, increasing wage is a bad thing.
https://www.illinoispolicy.org/illinois-warped-welfare-syste...
American wages have been stagnated for over 30 years.
Everything I ever saw points to rising real wages over spans larger than 20 years. e.g., https://fred.stlouisfed.org/series/MEPAINUSA672N (there's quite the dip after 2008). Could you provide a source?
https://www.factcheck.org/2019/06/are-wages-rising-or-flat/ shows "average weekly earnings for production and nonsupervisory employees" as being about the same now as 1970. (See also https://data.bls.gov/timeseries/CES0500000031 and expand the range starting from 1964.)
Note also that 1970 was a peak. Pick 1990 and things are going well.
Or as https://www.hamiltonproject.org/publication/economic-fact/th... puts it "After adjusting for inflation, wages are only 10 percent higher in 2017 than they were in 1973, with annual real wage growth just below 0.2 percent.1 The U.S. economy has experienced long-term real wage stagnation and a persistent lack of economic progress for many workers." with footnote 1 saying "Cumulative real wage growth is sensitive to the particular method of inflation adjustment. Some researchers use the Consumer Price Index for All Urban Consumers (CPI-U) deflator, which implies even lower real wage growth, or the Personal Consumption Expenditures (PCE) deflator, which implies higher real wage growth (Bivens and Mishel 2015; Sacerdote 2017)."
Still, wages haven't matched productivity increases. https://www.epi.org/productivity-pay-gap/
> Starting in the late 1970s policymakers began dismantling all the policy bulwarks helping to ensure that typical workers’ wages grew with productivity. Excess unemployment was tolerated to keep any chance of inflation in check. Raises in the federal minimum wage became smaller and rarer. Labor law failed to keep pace with growing employer hostility toward unions. Tax rates on top incomes were lowered. And anti-worker deregulatory pushes—from the deregulation of the trucking and airline industries to the retreat of anti-trust policy to the dismantling of financial regulations and more—succeeded again and again.
Considering that the amount of computing that could be rented for the price of a house every month could now be bought for $20, this isn't surprising. What's surprising is that with all these resources made available to the world, we still have systems that allow hoarding of wealth to such a degree that most people can't afford to own a home and many can barely afford rent and food.
Land/space are limited. I live where most on HN would consider very rural - the closest town is 600 people and a town of 20,000 is about 30 minutes from me. Even when I was buying a home back in 2011 there were basically no good plots of land for sale. What was there was about $10,000 an acre. I eventually got my house for $180,000 and it’s on 15 acres, meaning my 3,000 square foot house was basically only $30,000 wh…
I couldn't take you seriously, anyway. 2.7 million illegal border crossings have zero to do with 1.6 million housing units, but you're trying to imply that each of those illegal border crossings took a housing unit or something like that. Perhaps people on Facebook are that dumb.
Considering that the amount of computing that could be rented for the price of a house every month could now be bought for $20, this isn't surprising. What's surprising is that with all these resources made available to the world, we still have systems that allow hoarding of wealth to such a degree that most people can't afford to own a home and many can barely afford rent and food.
Land/space are limited. I live where most on HN would consider very rural - the closest town is 600 people and a town of 20,000 is about 30 minutes from me. Even when I was buying a home back in 2011 there were basically no good plots of land for sale. What was there was about $10,000 an acre. I eventually got my house for $180,000 and it’s on 15 acres, meaning my 3,000 square foot house was basically only $30,000 wh…
Considering that the amount of computing that could be rented for the price of a house every month could now be bought for $20, this isn't surprising. What's surprising is that with all these resources made available to the world, we still have systems that allow hoarding of wealth to such a degree that most people can't afford to own a home and many can barely afford rent and food.
Land/space are limited. I live where most on HN would consider very rural - the closest town is 600 people and a town of 20,000 is about 30 minutes from me. Even when I was buying a home back in 2011 there were basically no good plots of land for sale. What was there was about $10,000 an acre. I eventually got my house for $180,000 and it’s on 15 acres, meaning my 3,000 square foot house was basically only $30,000 wh…