Great, practical advice. I do think however that by 2030, UBI will be the norm in many wealthy countries, and thus more people will be able to pursue their passions rather than having to sell their soul as dayjobbers to make money for corporations and rich people.
Lifers, Dayjobbers, and the Independently Wealthy: A Letter to a Former Student
81–90 of 286 posts
Re: Lifers, Dayjobbers, and the Independently Wealthy: A Letter to a Former Student
#82Great, practical advice. I do think however that by 2030, UBI will be the norm in many wealthy countries, and thus more people will be able to pursue their passions rather than having to sell their soul as dayjobbers to make money for corporations and rich people.
UBI is a bane because it kills meritocracy. The reason most people are successful is because they risk a lot if they weren’t. Surprise: Stress is a factor of excellence. You say it yourself: If UBI is introduced, then none of the hard jobs gets done.
In a true meritocracy everyone must have the same starting point and rise up within the ranks based on their merits from there. In our society we do not all start at the same place. There are people born into wealth and people born into poverty. So some people have to struggle harder to get to the same place as others where born into. Essentially an anti-meritocracy system.
If anything UBIs will help make the system more meritocratic since the ones the bottom no longer need to climb the first hill.
Re: Lifers, Dayjobbers, and the Independently Wealthy: A Letter to a Former Student
#83Earlier quoted context omitted.
I think you're underestimating the role marketing plays in demand generation. It's not that Taylor Swift is "better" than the local jazz guitarist, she's just more heavily marketed. Music labels know that the mass audience doesn't appreciate musical complexity so they market simple music with attractive performers. Then the Clear Channel/Ticketmaster... machine takes over and handles the promotion and distribution. I…
You're not understanding. Commodity has a very specific meaning in economics. You can very easily tell that a Taylor swift song and a local jazz song are not the same song. They are not interchangeable. If someone replaced some songs in your playlists, you would notice. Therefore, not a commodity.
I don't think this is true.
In the Spotify world, people have playlists where the songs sound similar to a certain song or band, rather than a hand curated one.
Re: Lifers, Dayjobbers, and the Independently Wealthy: A Letter to a Former Student
#84Reminds me of a couple of married friends of mine. The wife played a classical musical instrument (e.g., not an electric guitar) and had her sights set on being a professional. While working towards that she did a lot of teaching/practising/etc, and her students would often say something along the lines of "I'm so envious of all this time you have to practice music! How are you able to do it?!" and her reply was alwa…
Re: Lifers, Dayjobbers, and the Independently Wealthy: A Letter to a Former Student
#85As someone who tried the music-or-nothing approach for several years after college and two years in ended up with semi-regular panic attacks, persistent existential dread, and crippling anxiety over finances, I can't recommend getting a day job enough. It saddens me to think of all the creative work I could be doing and all the artistic growth I could be seeing instead of developing marketing software, but at least I…
> semi-regular panic attacks, persistent existential dread Ha - I’ve known a number of friends who have had this same problem working a “useless 9-5” job and missing out over what they’re passionate about. It’s all about trade-offs.
It's true that in our limited lifespans we will always have to choose trade-offs, but the current choice between crushing poverty vs crushing workload is not a natural one; it's contrived. most of us should be working fewer hours in the modern economy and have more leisure/creativity time.
personally, I've made it my goal as a SWE to get a 4-day work week and/or shorter work days. even if it means a pay tradeoff. maybe I'd even get back to coding fun things.
Re: Lifers, Dayjobbers, and the Independently Wealthy: A Letter to a Former Student
#86Earlier quoted context omitted.
> UBI is a bane because it kills meritocracy. UBI enables meritocracy, it doesn’t kill it.
How so? A big motivating factor to be successful for most people is to set themselves apart financially from the masses. Edit: And of course, what would be the motivating factor for someone to give their best possible work, if the other 12 guys in their position get paid the same for less quality work?
2. "what would be the motivating factor" They don't, UBI is not communism. And what you say is already true at many places, and the world is still turning. The motivating factor, with UBI, is the same without it: to achieve more. UBI would just let you not fall into homelessness and / or under the poverty threshold.
Re: Lifers, Dayjobbers, and the Independently Wealthy: A Letter to a Former Student
#87Reminds me of a couple of married friends of mine. The wife played a classical musical instrument (e.g., not an electric guitar) and had her sights set on being a professional. While working towards that she did a lot of teaching/practising/etc, and her students would often say something along the lines of "I'm so envious of all this time you have to practice music! How are you able to do it?!" and her reply was alwa…
I know a bunch of classical musicians, and while they study and work hard they all have steady gigs for one or more ensembles & orchestra's. From the outside it feels somewhat more doable to be a pro , then a band or solo-artist, since there are quite a few orchestra's around that hire people on a stable basis. Spots are limited, but it's not super hard.
This depends on the instrument and your location. If you play a popular instrument (say the violin) in a metro area with just one orchestra (some have zero!) then you ain't getting on that orchestra any way short of nepotism. If you live within commuting distance of multiple orchestras, there are more spots, but you still aren't going to be playing violin in the orchestra, and it's even possible that nepotism won't help you.
Re: Lifers, Dayjobbers, and the Independently Wealthy: A Letter to a Former Student
#88Earlier quoted context omitted.
From an ethical society stand point, yes. In the US, we agreed that we need to support everyone’s children and so we pay taxes so other people’s children can attend school. If you refuse to help other people’s children get an education, you’re evading taxes and that is unethical.
It's a matter of the degree of support. Would it be wrong, in your view, for a wealthy tax-paying parent to invest in their own child above and beyond what their taxes provide for society's children?
I went to a wealthy private high school. 15 years later, most of the children from wealthy parents didn't amount to much. The top 50% work a high level role at their parent's company (probably taking the job from someone more skilled). At worst, they are still supported by their parents in their 30s, career-less. Only the top 5% multiplied their parent's wealth.
The money spent on private education could have been used to support low-income students, which would reduce crime and create a more powerful middle-class.
Re: Lifers, Dayjobbers, and the Independently Wealthy: A Letter to a Former Student
#89Great, practical advice. I do think however that by 2030, UBI will be the norm in many wealthy countries, and thus more people will be able to pursue their passions rather than having to sell their soul as dayjobbers to make money for corporations and rich people.
UBI is a bane because it kills meritocracy. The reason most people are successful is because they risk a lot if they weren’t. Surprise: Stress is a factor of excellence. You say it yourself: If UBI is introduced, then none of the hard jobs gets done.
Re: Lifers, Dayjobbers, and the Independently Wealthy: A Letter to a Former Student
#90Reminds me of a couple of married friends of mine. The wife played a classical musical instrument (e.g., not an electric guitar) and had her sights set on being a professional. While working towards that she did a lot of teaching/practising/etc, and her students would often say something along the lines of "I'm so envious of all this time you have to practice music! How are you able to do it?!" and her reply was alwa…
Yeah, similar situation with: - My brother who is a writer while his wife works at an industrial job that pays exceedingly well - My friend who is an artist, whose husband owns an engineering firm with big medical device contracts - My other friend who is a nature photographer, whose husband works in tech - Yet another friend who is a musician, whose wife works in tech - Another friend who runs a dog shelter, whose h…
"Homeless."