Earlier quoted context omitted.
Likely because money and wealth is a zero sum game. There is only so much land, food, and materials to go around.
Money is just a tool to represent value. Value is not a zero-sum game. If a person creates something of value, she is creating something that did not exist before.
Big Cities No Longer Deliver for Low-Skill Workers
161–170 of 430 posts
Re: Big Cities No Longer Deliver for Low-Skill Workers
#162If the economy is growing and innovation is taking it's course the low hanging fruit will eventually be clipped, the "gig" economy actually has the trend right in terms of the next "middle class" job for "low skilled" workers being involved with augmenting data driven services and services in general.
The place where the gig economy falls short is of course regarding stability and benefits, I don't know if it's the governments place to step in here or a new model is required from these human augmented data services, but we're only at the beginning of the economy being fundamentally transformed by data.. and there are still many areas where automation and AI is not good enough.. perhaps this is where the low skilled middle class earns its next income.
Re: Big Cities No Longer Deliver for Low-Skill Workers
#163Earlier quoted context omitted.
The huge mass of voters who can't get jobs?
At 1$/vote , those masses will be swayed by the social and "news and commentary" media at whomever pays to focus their ire. And that very news media can also sway people that 'their vote doesnt count'. I remember when Fox News was running "ObamaCare is Evil Socialism", at the same time talking how the ACA was helping people. Or how they were railing about "illegals" while at the same time discussing Southern farmers'…
Re: Big Cities No Longer Deliver for Low-Skill Workers
#164The top 1% of American's own more wealth than the bottom 90% and this concentration is only increasing. Soon no cities regardless of size will deliver for low skilled workers as there will simply not be enough of the proverbial pie to go around. As wealth is concentrated and rents and property values rise the vast majority of this country will (does?) live paycheck to paycheck. This is unsustainable and will either n…
Repeat after me: Wealth is not a zero sum game. Wealth is not a zero sum game. Wealth is not a zero sum game.
Re: Big Cities No Longer Deliver for Low-Skill Workers
#165> So what’s to be done in order to help mid-skilled and non-college workers live decent, middle-class lives? ... build lots more housing in cities, driving down rents and making cities more livable for everyone. This is a nice idea in theory, but isn't this a temporary fix? For the first five years, housing prices will lower. But as more companies (demanding higher-educated individuals) realize more people are availa…
So five years later you build more housing . We as a species are capable of building absurdly dense cities that are probably per-capita the cheapest place a person can live (since you cram so many into every skyscraper). We choose not to because "property values" and "my view from my window" and "I don't want those people living here".
I ask because recently I was reading about the old housing projects in the USA. One thing the writer pointed out is that huge buildings are expensive to both build and maintain. You need to use steel and deep foundations driven to bedrock. You need complex mechanical systems to serve everyone - from water to sewage to garbage. You need to hire specialized crews to clean the exterior and perform other maintenance.
They claimed, in comparison, a mid rise plain old timber building would have been much cheaper. You don't need all the complex mechanical systems a skyscraper needs. You don't need specialized maintenance crews. And so on.
Re: Big Cities No Longer Deliver for Low-Skill Workers
#166The top 1% of American's own more wealth than the bottom 90% and this concentration is only increasing. Soon no cities regardless of size will deliver for low skilled workers as there will simply not be enough of the proverbial pie to go around. As wealth is concentrated and rents and property values rise the vast majority of this country will (does?) live paycheck to paycheck. This is unsustainable and will either n…
Repeat after me: Wealth is not a zero sum game. Wealth is not a zero sum game. Wealth is not a zero sum game.
Re: Big Cities No Longer Deliver for Low-Skill Workers
#167The top 1% of American's own more wealth than the bottom 90% and this concentration is only increasing. Soon no cities regardless of size will deliver for low skilled workers as there will simply not be enough of the proverbial pie to go around. As wealth is concentrated and rents and property values rise the vast majority of this country will (does?) live paycheck to paycheck. This is unsustainable and will either n…
“not enough money to go around” Where do people get this strange idea that if someone else makes money it somehow precludes others from doing it? Bill Gates got rich with an invention that also generated probably a trillion dollars in economic growth for everyone. Including most people on this sites income.
There is an easy way to see that and it is if the median inflation-adjusted hourly wage has risen in the US since the early 1970s. Or if inflation-adjusted weekly earnings have risen. They have not, with GDP growth, both have fallen.
That this even has to be discussed shows the deep control those heirs who expropriate surplus labor time from workers have over discourse, the media, forums like this (run and controlled by an accelerator) etc.
Workers create wealth at a mature company. Some of that pays the electricity bills etc., but then the rest goes to either dividends to the heirs, or to wages. That is the "preclusion". The heirs expropriate the profits of the surplus labor time from the workers creating the wealth. They are shorted on their wages. Sometimes this is explicit like the cabal between Steve Jobs, Eric Schmidt that came out in the lawsuit.
Insofar as Bill Gates and invention - it takes a hell of a lot of gullibility to swallow the fantasy you concocted. Kemeny and Kurtz created BASIC. Gates hacks into a military research computer at Harvard and steals computer time from it according to Paul Allen's book (and Harvard admin found out and had proceedings) - they port BASIC to the Altair.
Then IBM comes to Microsoft. IBM got wealthy with computers on taxpayer funded government contracts and a monopoly which was lightly overseen. Gates's mother is on the United Way board with IBM CEO Opel who helps makes this meeting happen. Microsoft sells Seattle Computer Product's Qdos to IBM (Gary Kildall said it was a complete ripoff of his Drdos). A purchased ripoff of another product, sold thanks to family connections. So much for "invention".
At times like the current one, with real wages falling since the early 1970s despite economic growth, that this is even discussed is a sign of how the heirs have bought and paid for the narrative as well.
Re: Big Cities No Longer Deliver for Low-Skill Workers
#168The top 1% of American's own more wealth than the bottom 90% and this concentration is only increasing. Soon no cities regardless of size will deliver for low skilled workers as there will simply not be enough of the proverbial pie to go around. As wealth is concentrated and rents and property values rise the vast majority of this country will (does?) live paycheck to paycheck. This is unsustainable and will either n…
“not enough money to go around” Where do people get this strange idea that if someone else makes money it somehow precludes others from doing it? Bill Gates got rich with an invention that also generated probably a trillion dollars in economic growth for everyone. Including most people on this sites income.
Re: Big Cities No Longer Deliver for Low-Skill Workers
#169The top 1% of American's own more wealth than the bottom 90% and this concentration is only increasing. Soon no cities regardless of size will deliver for low skilled workers as there will simply not be enough of the proverbial pie to go around. As wealth is concentrated and rents and property values rise the vast majority of this country will (does?) live paycheck to paycheck. This is unsustainable and will either n…
“not enough money to go around” Where do people get this strange idea that if someone else makes money it somehow precludes others from doing it? Bill Gates got rich with an invention that also generated probably a trillion dollars in economic growth for everyone. Including most people on this sites income.
Re: Big Cities No Longer Deliver for Low-Skill Workers
#170Earlier quoted context omitted.
Who on earth employs a "solutions architect" whose only qualification is some random certificate that tests AWS trivia?
lots of people. In the Salesforce consulting world the Certified Technical Architect (CTA) cert means you walk in the door at any of the big consulting firms at managing director or equivalent rank and that comes out to around $200k/year. The cert isn't that easy to get, it requires a dozen or so prerequisite certs and then an exam plus a board review but you could probably do it in a year and a half. Also, i think o…