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New U.S. college grads now have higher unemployment than the average worker

randalolson.com

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Re: New U.S. college grads now have higher unemployment than the average worker

#301
post #261

Earlier quoted context omitted.

Would you extend that same sentiment to the extremes of the libertarian crowd too?

I can answer that if you can explain what you mean by extreme libertarianism.

I can go into detail, but for the sake of the argument let’s define it in the Norquist fashion: a government small enough that it can be drowned in the bathtub. A stricter definition might be anything beyond and to include minarchism.

Re: New U.S. college grads now have higher unemployment than the average worker

#302
post #301

Earlier quoted context omitted.

I can answer that if you can explain what you mean by extreme libertarianism.

I can go into detail, but for the sake of the argument let’s define it in the Norquist fashion: a government small enough that it can be drowned in the bathtub. A stricter definition might be anything beyond and to include minarchism.

You'll need to be more specific.

Re: New U.S. college grads now have higher unemployment than the average worker

#303
post #301

Earlier quoted context omitted.

I can go into detail, but for the sake of the argument let’s define it in the Norquist fashion: a government small enough that it can be drowned in the bathtub. A stricter definition might be anything beyond and to include minarchism.

You'll need to be more specific.

“beyond and to include minarchism” is pretty specific.

https://en.wikipedia.org/wiki/Night-watchman_state

Re: New U.S. college grads now have higher unemployment than the average worker

#304
post #303

Earlier quoted context omitted.

You'll need to be more specific.

“beyond and to include minarchism” is pretty specific. https://en.wikipedia.org/wiki/Night-watchman_state

Ok, I see that. But you cannot set up such a community within the current US, as it runs afoul of the primacy of Federal law.

A commune, however, can be.

Re: New U.S. college grads now have higher unemployment than the average worker

#305
post #303

Earlier quoted context omitted.

“beyond and to include minarchism” is pretty specific. https://en.wikipedia.org/wiki/Night-watchman_state

Ok, I see that. But you cannot set up such a community within the current US, as it runs afoul of the primacy of Federal law. A commune, however, can be.

I think the argument that minarchists take is that federal law should be modified to only cover military, courts, and police. A coherent libertarian could only interface with those, although it would be difficult and probably start to look very much like the commune types. The Jeffersonian yeoman farmer ideal seems like the clearest example. The larger point is that both extremes seem incompatible with modernity.

Re: New U.S. college grads now have higher unemployment than the average worker

#306
post #305

Earlier quoted context omitted.

Ok, I see that. But you cannot set up such a community within the current US, as it runs afoul of the primacy of Federal law. A commune, however, can be.

I think the argument that minarchists take is that federal law should be modified to only cover military, courts, and police. A coherent libertarian could only interface with those, although it would be difficult and probably start to look very much like the commune types. The Jeffersonian yeoman farmer ideal seems like the clearest example. The larger point is that both extremes seem incompatible with modernity.

I don't think it would look like a commune at all. More like the early United States, excluding the slave South.

Re: New U.S. college grads now have higher unemployment than the average worker

#307
post #305

Earlier quoted context omitted.

I think the argument that minarchists take is that federal law should be modified to only cover military, courts, and police. A coherent libertarian could only interface with those, although it would be difficult and probably start to look very much like the commune types. The Jeffersonian yeoman farmer ideal seems like the clearest example. The larger point is that both extremes seem incompatible with modernity.

I don't think it would look like a commune at all. More like the early United States, excluding the slave South.

Right, that’s the yeoman farmer ideal I brought up. I just don’t think that works with anything remotely like modern society so it’s a romantic but impractical idea. IMO it can only work in relatively small groups, just like the commune. Once society reaches a certain level of complexity, necessary practical tradeoffs erode that romanticism.

Re: New U.S. college grads now have higher unemployment than the average worker

#308
post #281

Earlier quoted context omitted.

Unironically the most simple (note; not easy) way to become a multi-millionaire. Do a trade in your 20s, leverage that into running your own trades business in your 30s, and have a >10m valuation business by your 40s. Really regret not doing that myself.

How is this different than telling people to do a PhD, then run your own research group as a professor, get tenure and get lifetime job security? Or work in start up, get acquired, and chill after ?

Look, I'm not from the US, I'm guessing maybe the pay for tradesmen isn't as high as in Australia. But what you're suggesting as a comparison involves a pretty high degree of variance and odds are stacked against you. You need to get into a good PhD program, get funding, compete against everyone else doing those things and so on.

The path I outlined in my OP is a _very_ common path that people take in Australia and not at all unrealistic. The barrier to entry is drastically lower, and the access to funding/capital is far easier.

Re: New U.S. college grads now have higher unemployment than the average worker

#309

Earlier quoted context omitted.

That's not environmental regulation that's just regular NIMBYism.

Nope. It's a lot of stuff like insulation regulations that require exterior walls that use 2x6s instead of 2x4s. That's not NIMBYism. Nor are all the taxes and fees.

Without nitpicking the unified building code to smithereens I would like to point out that labor costs on construction (excluding systems work like plumbing and electrical) typically run roughly 3x materials costs. Insulation requirements get pointed to for the switch to 2x6 or bigger studs but the ugly truth of the matter is lumber quality has declined to the point that larger boards are needed to make structural load requirements. Likewise a huge chunk of the increased cost of building comes from the sheer volume of products that have to be applied to keep OSB and engineered timber from reverting to it's native state (a pile of sawdust), which is again an issue being driven by inferior materials.

Re: New U.S. college grads now have higher unemployment than the average worker

#310

Earlier quoted context omitted.

Sure, I've seen all manner of goofy talking points (both pro and con) around the financials of home ownership. Conversely everyone I've heard say lost their ass on residential real estate either bought too much house in a market overrun with speculation (Hi Florida) or move frequently.

I sold my previous house in 2000. It was sold last year for 4x what I sold it for. Meanwhile, the S&P 500 has gone up 6.3x. And I didn't add in any of the expenses I listed earlier if I'd kept it.

You can't invest your rent in the S&P...
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