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America pays workers just 27% of what its wealth allows – the worst in the OECD

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Re: America pays workers just 27% of what its wealth allows – the worst in the OECD

#231

Earlier quoted context omitted.

It is the job given to low status men who cannot qualify for other jobs. Every society deals with its low status men in some form or another — in many US regions it is becoming a cop, in Russia it is being sent to war, historically it was being sent to the mines.

No? It's significantly harder to become a police officer than a truck driver or a skilled tradesperson, and, in particular, in most departments there's an actual higher ed requirement.

In Sarasota FL, if I remember correctly, since about 2009-ish, Police need either a two-year degree, or military service. Judging from my personal observations and encounters, more than a few had/have well deserved degrees. The prior Chief had a masters, I think from the FBI National Academy. Did a lot of good for the city, compared to what they had before. I know the criteria does vary wildly though, throughout the country. But in many places, one can find some seriously sharp officers, and a few mighty good ones here and there too. Things are a wee bit different a few miles south in Port Charlotte though.

Also, I was, for unknown reasons, under the impression tptacek had taken hiatus around here. Half glad I was mistaken.

Re: America pays workers just 27% of what its wealth allows – the worst in the OECD

#232
post #231

Earlier quoted context omitted.

No? It's significantly harder to become a police officer than a truck driver or a skilled tradesperson, and, in particular, in most departments there's an actual higher ed requirement.

In Sarasota FL, if I remember correctly, since about 2009-ish, Police need either a two-year degree, or military service. Judging from my personal observations and encounters, more than a few had/have well deserved degrees. The prior Chief had a masters, I think from the FBI National Academy. Did a lot of good for the city, compared to what they had before. I know the criteria does vary wildly though, throughout the…

HALF?!

Re: America pays workers just 27% of what its wealth allows – the worst in the OECD

#233
post #231

Earlier quoted context omitted.

In Sarasota FL, if I remember correctly, since about 2009-ish, Police need either a two-year degree, or military service. Judging from my personal observations and encounters, more than a few had/have well deserved degrees. The prior Chief had a masters, I think from the FBI National Academy. Did a lot of good for the city, compared to what they had before. I know the criteria does vary wildly though, throughout the…

HALF?!

Ja man. We had enough trouble with a small handful of HN monsters chewing up perfectly innocent threads. Now we have LLMs on the loose too. Soon mortals won't be able to leave a comment anywhere without risking limbs. Life is getting tough for lowbrows. Half is generous.

Re: America pays workers just 27% of what its wealth allows – the worst in the OECD

#234

Earlier quoted context omitted.

"Reductio ad absurdum (Latin for "reduction to absurdity") is a valid argumentative technique that disproves a statement by demonstrating that its logical conclusion leads to an absurd, impossible, or contradictory result."

The logical conclusion of "drink more water" is not "drink infinite water until you drown" and the logical conclusion of "make minimum wage $15" is not "make minimum wage $100000000"

The counter argument of "If we put minimum wage up, everyone will be richer" is "What happens if we massively increase it?"

Re: America pays workers just 27% of what its wealth allows – the worst in the OECD

#235
post #6

Earlier quoted context omitted.

it's not that either. it's the total value of all transactions. if you paint a masterpiece worth millions and keep it in your closet it has negligible impact on GDP. only once it is sold does it have an effect.

And if its sold 5 times in the year its 5x the GDP. Of course the value of the painting hasn't changed and their remains only 1.

Resales of previously sold (used) goods are not included in GDP.

Services to facilitate selling [auction fees, commissions, shipping, etc.] are new services and so get counted, but the underlying asset's resale is not.

Re: America pays workers just 27% of what its wealth allows – the worst in the OECD

#236

Earlier quoted context omitted.

It is the job given to low status men who cannot qualify for other jobs. Every society deals with its low status men in some form or another — in many US regions it is becoming a cop, in Russia it is being sent to war, historically it was being sent to the mines.

Is that really true? It's not super high status, for sure, but many police departments in the US require every officer to have a bachelors degree. And the pay is higher than average.

I doubt it.

Re: America pays workers just 27% of what its wealth allows – the worst in the OECD

#237

Earlier quoted context omitted.

[flagged]

If you want to provide new information into a conversation, source the damn information yourself. Don't tell us hallucinations.

from teh AI sources: https://www.kff.org/uninsured/key-facts-about-the-uninsured-... https://www.cdc.gov/nchs/pressroom/releases/20250624.html

Re: America pays workers just 27% of what its wealth allows – the worst in the OECD

#238

Earlier quoted context omitted.

[flagged]

"estimates suggest that inability to afford costs of medical care contributes to at least 530,000 personal bankruptcy filings annually. Approximately two-thirds of personal bankruptcies in the U.S. are associated with medical expenses or illness-related loss of work." https://www.forbes.com/sites/joshuacohen/2026/04/05/increasi...

Dig deeper into the expansive definition that led to that "2/3rds".
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