“The only reward for hard work is more work”
Americans Lose Faith That Hard Work Leads to Economic Gains, WSJ-NORC Poll Finds
141–150 of 343 posts
Re: Americans Lose Faith That Hard Work Leads to Economic Gains, WSJ-NORC Poll Finds
#142Earlier quoted context omitted.
Do not go to college if you have to spend any money on it. If you do that's everyone telling that you don't belong there and you'll have a hard life if you ignore them.
> Do not go to college if you have to spend any money on it. “If your family isn’t well-off or you didn’t work hard enough in high school to get any scholarships, college isn’t for you” is certainly an interesting take, and it seems like a much too simplistic heuristic.
If your parents are paying for it that's still spending money on it.
Re: Americans Lose Faith That Hard Work Leads to Economic Gains, WSJ-NORC Poll Finds
#143Earlier quoted context omitted.
You could just as easily argue that we simply aren't creating enough jobs to make use of the labor force, which traditionally has been a very dangerous place for an empire—especially the core—to be in.
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> If the foreigners were positively contributing to the economy their economic output would create jobs as well.
They do—actually, by a massive margin compared to citizens born here—we just don't have the legal immigration framework set up to support this.
EDIT: I was unaware a "debate" was even happening, I was just clarifying that immigrants start businesses at a massively higher rate than birthright citizens do.
Re: Americans Lose Faith That Hard Work Leads to Economic Gains, WSJ-NORC Poll Finds
#144Earlier quoted context omitted.
> Thanks for the information. So unemployed != unemployed. Your snark aside, actually yes, that is correct. The unemployment rate you cite is the UNRATE, or U-3. It explicitly only counts people over 16 years of age who reside in the fifty states or DC, who aren’t institutionalized, and not on Active Duty in the military. Looking at other data sets fills in the picture further. U-6 adds in part-time workers seeking f…
It's not snark. The survey uses the term "unemployed" but it is a different metric than the "unemployed" metric. >But let’s take the second part of your rebuttal - that the results may be skewed towards younger people who still live at home. Are we in an argument? I wasnt really rebutting anything. I was clarifying my original comment. Even after the clarification that it's not apples to apples, the intersection of 6…
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Re: Americans Lose Faith That Hard Work Leads to Economic Gains, WSJ-NORC Poll Finds
#145It used to be true, but now you are taxed out of success, and any other gains you save will simply evaporate with unchecked inflation and money printing by Congress. There needs to be a "Hard Stop" on inflation: The federal government's checks bounce if there is no money in the account. ... and somehow, there has been a successful miseducation campaign on the internet that "corporations raising prices causes inflatio…
> now you are taxed out of success Separate from your inflation argument, aren't income tax levels lower than they used to be, even during the Reagan administration?
I think the comment you're replying to is referring to inflation as a tax.
Re: Americans Lose Faith That Hard Work Leads to Economic Gains, WSJ-NORC Poll Finds
#146Isn’t this a bit obvious? I mean I’ve known this since I started working in 1997. The first job you have generally shatters this illusion that job security and economic gains are tied to “hard work”. In the sense hard work is needed but only if you see if adding to what you consider a quality of life (which could be economic gain, generational wealth, bragging rights to a promotion, etc.). Each person has their crite…
Where in corporate America have you worked? At my previous place, there was a well defined career ladder, and what work was necessary to climb it as an individual contributor (vs a manager). Putting in more work meant climbing that ladder, which lead to pay increases and bonuses, and there was a formula somewhere on Confluence as to how those were calculated.
Re: Americans Lose Faith That Hard Work Leads to Economic Gains, WSJ-NORC Poll Finds
#147Wealth inequality is high. High enough you can feel it like a vibe in the air. The richest people in the world are telling everyone to get onboard with technology that is determined to make a lot of those same people's jobs redundant. All with an explicit goal of increasing the price of stock most of those people do not own. IMO there's two economies, maybe divided by those who participate in the stock market and tho…
Income taxes are higher than capital gains taxes. This isn't based on economic theory or anything, it's just a political choice we have made as a country. We've chosen to reward those who move money around and trade capital more than we reward those who labor. And this at a time when, supposedly, the country is trying to increase its ability to build things. I thought this specific fact worth mentioning.
We're on the same wavelength. To me, I find it hard not to think about our explosive growth as a country happening at the same time we refuse to expand representation of the public. These charts are very frustrating to me: https://www.congress.gov/crs-product/IN11547
The people in power do not want to lose control, but clearly have no idea how to manage the scale of what has been built. There's an American leadership crisis going on right now that is hard to ignore, both in public and private life.
Re: Americans Lose Faith That Hard Work Leads to Economic Gains, WSJ-NORC Poll Finds
#148When I was in Kolkata two and a half years ago, I saw a young man wearing a jacket with a slogan on the back.
In large letters, it said "The more you LEARN, the more you EARN."
That would be so out of place in midwest USA, where cynicism is rampant and young people believe they have no control over their own outcomes.
I wish I had taken a picture of that jacket.
Re: Americans Lose Faith That Hard Work Leads to Economic Gains, WSJ-NORC Poll Finds
#149Earlier quoted context omitted.
4% unemployment could mean 37% jobless rate since 4% means "recently worked and wants to work again and is looking for a job but hasn't found one yet" But no reason 37% of people randomly asked, who are not currently working, would necessarily fit those criteria
Thanks for the information. So unemployed != unemployed. In any case it doesnt really change anything 37% unemployed and 69% living in a home they or someone in their household owns sounds like a lot of young people who havent left the nest.
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Re: Americans Lose Faith That Hard Work Leads to Economic Gains, WSJ-NORC Poll Finds
#150I have not read the whole of "Capital in 21st Century", just the opening chapter. But the picture the chapter painted was quiet grim - income inequality growing rapidly every year as "innovation" and jobs declined. In other words Piketty's numbers have shown that one cannot work their way to a comfortable living years ago and IMO this is at the heart of almost all political processes these days - inability to earn a…
> big government Is indeed an issue, as it corresponds with the malaise you describe. > wage stagnation is in part due to the government increasing the costs of hiring people. That indirectly results in correspondingly lower wages. The so-called "employers' contribution" is a misrepresentation.
You think the greed of billionaires is the governments’ fault?