Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

The Stripper Index: An unorthodox recession measurement

theamericangenius.com

Post reply on HN
Print view View original

101–110 of 114 posts

Re: The Stripper Index: An unorthodox recession measurement

#101

Post by nothercastle »

NeoTar wrote: post #73
polotics wrote: post #50

Earlier quoted context omitted.

I feel you so much on this. So many shops pressing for many more ways to allow tips, for example presenting a percentage with options 10%, 20%, 30%... to frame customers into picking the one in the middle! Does any of you'all know if there are law defining maximums for tipping, like maybe in european countries or something?

Not so far as I know, but mandatory tipping (i.e. adding a service charge to a bill) is illegal in many countries, and it wouldn't surprise me if having a tip screen on a payment terminal were against local regulations.

We don’t enforce laws on business in the usa

Re: The Stripper Index: An unorthodox recession measurement

#102

Post by blululu »

kipchak wrote: post #84
blululu wrote: post #79

Earlier quoted context omitted.

Nah, inflation sucks across the board. The human mind and human society don’t really react well to things changing so fast. And since losses weigh higher than gains, and everything needs to be renegotiated, nobody feels good about the outcome even if they come up even. This holds for people at the top and people at the bottom.

I'm not sure how much the high end of households whose assets have appreciated with inflation are feeling the suck. I think there are a fair number of households at the top that are feeling better off as reflected in their spending increases in spending in sectors such as travel which can be attributed to a wealth effect[1], as older and wealthier households see their assets increase in value and their confidence inc…

You’re talking past the point I made. Losses weigh heavier than gains in human psychology. This is a pretty robust finding. Inflation necessarily means losses for everyone. These can be offset but people don’t necessarily come away feeling good about it. You can say that on average people are better off after the reshuffle (though not necessarily everyone), but even if wages are universally up people will not necessarily feel good about it.

Re: The Stripper Index: An unorthodox recession measurement

#103

Post by Xymist »

marcosdumay wrote: post #75
TechnicalVault wrote: post #10

Earlier quoted context omitted.

People confuse a economic recession with what is happening because of how words sometimes change their meaning away from their technical to a more colloquial interpretation. The economy as a whole is doing well, but people aren't because of inflation. Recession is just the word they've learnt to interpret as "I'm feeling poorer". And the stripper index is down because their market is oversaturated aka "onlyfans overl…

> The economy as a whole is doing well, but people aren't Yeah, that means your measurement of "the economy" is lying. And that you are in a recession. There's no mixing of technical and colloquial terms here. All that is there is a lying indicator. And if people insist that incorrect number is real, those people are lying too.

Where's the lie? The economy, the system, is a machine. The humans that happen to compose it are by and large either raw materials or wear parts, not output. People can be having an _awful_ time while the system functions beautifully. It's not for them, they're for it.

Re: The Stripper Index: An unorthodox recession measurement

#104

Post by ryathal »

015a wrote: post #58
elmerfud wrote: post #2

Or it could be that people are just tipped out. I hadn't been to a strip club in several years but I got dragged to one a few months back by a friend and I got to tell you the money that these girls wanted seem to astronomically high for the service that they were providing. Maybe people are just fed up with it and spending their discretionary income in other ways. The girls turn their nose up at a couple dollars on…

Entertainment in general; another great example of this is ticket prices for concerts and drink prices inside the venues. Obviously drink prices have always been high, but a pint of domestic beer has been very steadily creeping up by $1-$2 a year since 2020; effectively double today relative to even 8 years ago. I just paid $250 for pit tickets to see an artist I like at a mid-tier venue. A similarly popular artist i…

Ticket prices also are likely rising due to physical demand, there's more people and more fans than ever before, but most performers aren't performing at more and bigger venues. IT's the same pressure that exists on real estate, but to a lesser degree.

Re: The Stripper Index: An unorthodox recession measurement

#105

Post by tombert »

nothercastle wrote: post #101
NeoTar wrote: post #73

Earlier quoted context omitted.

Not so far as I know, but mandatory tipping (i.e. adding a service charge to a bill) is illegal in many countries, and it wouldn't surprise me if having a tip screen on a payment terminal were against local regulations.

We don’t enforce laws on business in the usa

I don't think that's true. I will agree that it's not enforced enough, but the FTC and SEC do enforce laws on businesses on a pretty regular basis.

Re: The Stripper Index: An unorthodox recession measurement

#106

Post by resource_waste »

btbuildem wrote: post #100
resource_waste wrote: post #40

Earlier quoted context omitted.

Funny you mention that. Its my expertise. Food Deserts are defined in a way that is unhelpful, I live in a food desert in one of the richest counties. I have 0 grocery stores within 1 mile. But I have 6 grocery stores within 3 miles. Go ahead with the conventional sayings: Tell me the fallacious remark about McDoubles being the healthiest cheapest food ever. Go ahead and say something incorrect like processed foods a…

No one will push against the claim there's far too many calories available, on average, in Western countries. That consumption is the automatic answer to anything that ails, it could be argued as well. It reeks of ignorance and obstinate privilege to claim people are too rich to care about food [1] [2], that having to travel 3 miles to get food is not a barrier to access [3] [4]. Saying that processed foods are more…

> Saying that processed foods are more expensive than fresh is an outright lie [5][6][7].

This is faux-intellectual. Your sources never even back up your claims.

Low-quality googling and nice formatting won't change reality.

Go check out the website Efficiency Is Everything, that website actually compares foods objectively.

Re: The Stripper Index: An unorthodox recession measurement

#107

Post by adamomada »

laidoffamazon wrote: post #89
droopyEyelids wrote: post #12

Wonder how a recession will affect the election

A recession would be bad for the incumbent. But then again, the last incumbent oversaw a 15% unemployment rate and almost won reelection when 3,000 people were dying every day so, perhaps it wouldn't be.

3,000 Americans dying every day would be an anomaly. Deaths are closer to 10k a day on average and only going up.

https://www.macrotrends.net/global-metrics/countries/USA/uni...

Re: The Stripper Index: An unorthodox recession measurement

#108

Post by ethbr1 »

blululu wrote: post #102
kipchak wrote: post #84

Earlier quoted context omitted.

I'm not sure how much the high end of households whose assets have appreciated with inflation are feeling the suck. I think there are a fair number of households at the top that are feeling better off as reflected in their spending increases in spending in sectors such as travel which can be attributed to a wealth effect[1], as older and wealthier households see their assets increase in value and their confidence inc…

You’re talking past the point I made. Losses weigh heavier than gains in human psychology. This is a pretty robust finding. Inflation necessarily means losses for everyone. These can be offset but people don’t necessarily come away feeling good about it. You can say that on average people are better off after the reshuffle (though not necessarily everyone), but even if wages are universally up people will not necessa…

> Inflation necessarily means losses for everyone.

This is the thing you're disagreeing with parent on, because it's not true if you can afford to hold the assets that are inflating.

Inflation doesn't happen in a vacuum: it's inflation-in-terms-of-____.

If you happen to own a lot of ____, because you have disposable income and can afford to invest, then your net worth "inflates" too.

Simple example: how does inflation of the price of gasoline at the pump impact you, if you own a refinery and a filling station? Certainly not in the same way it does to someone who owns neither and commutes to work daily in an ICE vehicle.

Re: The Stripper Index: An unorthodox recession measurement

#109

Post by marcosdumay »

Xymist wrote: post #103
marcosdumay wrote: post #75

Earlier quoted context omitted.

> The economy as a whole is doing well, but people aren't Yeah, that means your measurement of "the economy" is lying. And that you are in a recession. There's no mixing of technical and colloquial terms here. All that is there is a lying indicator. And if people insist that incorrect number is real, those people are lying too.

Where's the lie? The economy, the system, is a machine. The humans that happen to compose it are by and large either raw materials or wear parts, not output. People can be having an _awful_ time while the system functions beautifully. It's not for them, they're for it.

The entire goal of the machine is to supply the humans.

It's not a parasitic alien.

Re: The Stripper Index: An unorthodox recession measurement

#110

Post by mariodiana »

diamondap wrote: post #6

There are more people struggling these days than the mainstream news reports. The lines at the food banks where I live are much longer than they were before COVID. One of the local food banks says they're distributing three times as many meals per month as they served before the pandemic. And this is an area of relatively high employment. People working service jobs simply can't afford the basics, and that's a proble…

I also don’t understand people on a tech forum not being more sympathetic about the economy’s troubles. Is tech not in a recession? That’s ludicrous. Tech is in a bad way.
Post reply on HN