341–350 of 430 posts
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Re. failing restaurants, that's a result of bad business planning. If you can't find staff, pay more, pass those costs on to customers. If people can afford to live in high-rent areas, they can afford to pay more for food.
But once you pass the rising costs to customers, you’re in the bracket of the high end restaurants.
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What is it with this attitude that somehow learning new things is only honorable when those things are useless in the job market? Do you really think that anybody is taking up 4 years of their life and 200 thousand of their (probably borrowed) dollars just for the purpose of "expanding their horizons"?
Who is paying 200,000 for college? That's crazy. I have 2 kids attending a private college and each one pays $2000 a semester. They both have academic scholarships - so their tuition is covered - but even if it wasn't, that is less than $20,000 over 4 years. You can get a good education without attending an ivy league university.
https://www.collegetuitioncompare.com/statistics/
Anecdotally, the college I went to, New College of Florida, is a public liberal arts school whose costs aren't too far out of alignment with other state schools in Florida. According to their fees page, in-state tuition fees, room and board would total $16K a year; for out-of-state students, that would be $39K a year.
https://www.ncf.edu/admissions/tuition-and-fees/
Actually, I'd like to gently question your figures: you're indicating your kids are paying $2000 a semester -- so that would be $4000 a year, or $16,000 over four years. And you're saying that doesn't include their tuition, so that's just room and board, right? (That's under half the cost of New College's, which again sounds like quite a deal.) Further, room, board and tuition at this private college would still be under $20,000 over four years? Unless I'm missing something, that would mean tuition at this private school is less than $500 a semester. I can't help but suspect that either one of us has our math wrong, or you have the best school deal in the history of ever.
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The American term "middle-class" means something far less specific than the original British meaning of "well to do, town dwelling, non-aristocratic business owner". In that definition, a "middle-class" person is never an employee (which would make someone "working-class"). The American use of the term reflects (whether or not it is borne out in reality) the achievement of a comfortable and secure lifestyle (relative…
You’ll also find that Americans regularly connotate social class with economic class, because talking about the former makes us uncomfortable. I believe that the push to educate all young Americans was a push to expand the power of the middle social classes at the expense of the typically uneducated lower classes. Success in this endeavor is measured by the proliferation of middle class norms and tastes, not necessar…
Also because money is the only god in this country.
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The reality doesn't agree with you. In SF, for example, fine dining is doing well, while the mid range is slowly failing and being replaced by fast casual, where they focus on fast turnover. The only way to pay the bills seems to be to either be super high end (fewer customers overall, but at a much higher service level and price point), or just above fast food, where you serve a reasonable-quality menu, but items th…
Funny, I just wrote a reply to another post which explains exactly what you wrote. > In SF, for example, fine dining is doing well, while the mid range is slowly failing and being replaced by fast casual, where they focus on fast turnover. It has to do with readily available substitutes for a given price point affecting elasticity of demand. The type of food offered by a casual dining concept can be replaced by fast-…
That's mostly not a change in type of food, just front-of-house service model. And casual and fast-casual both focus on turning tables, fast casual just has counter ordering (and often counter service for drinks) rather than full table service.
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Who is paying 200,000 for college? That's crazy. I have 2 kids attending a private college and each one pays $2000 a semester. They both have academic scholarships - so their tuition is covered - but even if it wasn't, that is less than $20,000 over 4 years. You can get a good education without attending an ivy league university.
It's terrific that you've found a private school that would cost $20K total for four years but everything that I've read indicates that such a school is a tremendous outlier. The average tuition for a public school last school year was $5500 for in-state students and $12K for out-of-state students; private schools tended to be substantially higher. https://www.collegetuitioncompare.com/statistics/ Anecdotally, the co…
The 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…
There is absolutely no prospect whatsoever of Social Security collapsing. A 0% chance. There is no factual basis, only flat-earth anti-vaxxer type scare mongering, for any claim to the contrary. Social Security is funded by payroll taxes. The only way Social Security could "collapse" is if people stop getting paid.
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So you can’t see how a CEO being compensated 1000x more than whoever cleans their office is a problem? Money flows like a river, and when every executive diverts egregious amounts of money that they’d never spend in their lifetime into their little pools, theres less money flowing downstream along the river. Do you really think that Bill Gates needed to become one of the richest men on earth to proselytize ms dos? Be…
Do I care if someone has 1000x the artistic talent I do? Is there a shared river of inspiration we're all drinking from? You seem to believe there's a fixed pile of money in the world that every human competes for (e.g., 16th century Mercantilism). Go into the woods and turn a tree into a chair. Where did that value come from? Will it run out?
...there is. not in the sense of "money" but in the sense of "wealth" and ownership of private property. Wealth is not "created" it is diverted. If wealth grows in one place it's because it shrank in another.
Unless you believe that growth and resources are infinite, like many capitalist economists.
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Is that... is that really your argument? That everything is fine because these people in line at the food bank are able to get free food so that their children don't starve to death? So we can ignore the massive wealth disparity and the vast number of people living in poverty because we don't force them to die of hunger. That's very magnanimous of you. Imagine what they could accomplish with both free food and knowle…
I was responding to your complete lack of an argument ("FOOD BANKS EXIST!?!!") in turn. Seems like the best way to respond to people who interject completely useless comments into conversations. If you want to have an actual discussion we can, but I doubt it will be productive, as it is already very clear that you either lack the critical reasoning skills to recognise the difference between wealth disparity and pover…
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This is the lump of labour fallacy. Rest assured that life will be harder for young people if a sizeable portion of the population is old, out of the labour force, and needs to be supported by a rising share of taxes from a small number of young workers. We should hope that older works stay in jobs as long as they're able. The coming demographic bulge isn't pretty.
> and needs to be supported by a rising share of taxes from a small number of young workers And here is where it gets funny. I wonder how pension systems would look like if they were supported by the billions of dollars that especially FAANG but also other huge megacorps such as IKEA, McDonald's, Burger King "creatively avoid" in taxes. Or if minimum wages were set so high that a pension built on a life of minimum wa…
Pension systems own the FAANG companies. For example, in the US, CalPERS manages a third of a trillion dollars. Two thirds of that is in equities such as Apple.
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Is that... is that really your argument? That everything is fine because these people in line at the food bank are able to get free food so that their children don't starve to death? So we can ignore the massive wealth disparity and the vast number of people living in poverty because we don't force them to die of hunger. That's very magnanimous of you. Imagine what they could accomplish with both free food and knowle…
I was responding to your complete lack of an argument ("FOOD BANKS EXIST!?!!") in turn. Seems like the best way to respond to people who interject completely useless comments into conversations. If you want to have an actual discussion we can, but I doubt it will be productive, as it is already very clear that you either lack the critical reasoning skills to recognise the difference between wealth disparity and pover…