Earlier quoted context omitted.
My personal position is to abolish the minimum wage and update the tax scale with negative tax rates that support a reasonable quality of life at all income levels. The market will find its own balance for what a true minimum wage is in that environment (and not have weird perverse incentives like you state). Yes, this is UBI. But phrased as a tax cut makes it politically viable (at least in the US).
We have a tax rate with negative tax rates at the low end of the scale. For sketchy social policy/political tenability reasons it doubles as a child subsidy and phases in up to a nominal amount of preexisting so-called earned income, but functionally that's what the earned income tax credit is. Expansion of the EITC program is fairly well-regarded among economists and has been historically quite popular! We should do…
This is a teenager
351–360 of 868 posts
Re: This is a teenager
#352The visualization will frequently incorrectly show something of the form: True True False False True True False False
Re: This is a teenager
#353Earlier quoted context omitted.
Statistically most people born into poverty stay there. Do you think most of them aren't trying? Conversely, do you thing most people born wealthy have to put as much effort into staying wealthy? There are a number of systemic barriers, one of the big ones mentioned in this demonstration is education. If we had equal baseline access to education, housing, healthcare, and food... then sure, if people stayed impoverish…
>Statistically most people born into poverty stay there. That simply isn't true. Look at the data on economic mobility, and the vast majority of people born in the bottom 20% leave the bottom 20%. Outcomes obviously aren't random, but are far from deterministic. For example, this article puts the number at 63% leaving the bottom 20%. 80% would require that there are no impacts whatsoever from every factor correlated…
> Rates of relative intergenerational mobility in the U.S. appear to have been flat for decades
> Most Americans born in 1940 ended up better off, in real terms, than their parents at the same age. Only half of those of those born in 1980 have surpassed their parent’s family income
https://www.brookings.edu/articles/raj-chetty-in-14-charts-b...
Also worth mentioning that the mean income for the second quintile is only ~$40k — it's still ~$30k off from the middle quintile... so we're not talking anything close to the american dream here either way. We're talking multiple generations at best for a small percentage of the lower quintile to reach the middle.
Re: This is a teenager
#354The conclusion of this data presentation is that so of these people are our collective responsibility, and I just wasn't convinced. I wish they had shown percentages with the visualization. They choose not to. I was underwhelmed by some points that seemed like they should have been more shocking. Look at the huge number of people in the many adverse experiences category who made it to college, and make a high salary.…
>The conclusion of this data presentation is that so of these people are our collective responsibility, and I just wasn't convinced. That conclusion came out of left field for me. He started off saying these certain adverse events affect you in adulthood. So the logical conclusion would be: Be involved parents, give your kids a quiet place to study, don't have a drug problem as a parent, don't tolerate bullying, don'…
Re: This is a teenager
#355The conclusion of this data presentation is that so of these people are our collective responsibility, and I just wasn't convinced. I wish they had shown percentages with the visualization. They choose not to. I was underwhelmed by some points that seemed like they should have been more shocking. Look at the huge number of people in the many adverse experiences category who made it to college, and make a high salary.…
It's hard to look at visualizations like this and reflect on the experiences of the individuals living through hardship. Even those who 'make it out' may struggle in ways not fully captured in the data or this visualization. I grew up in a 'high risk environment', and experienced all the adverse experiences with the exception of gun violence (yay Canada). I'm one of the few that 'made it out'. Many of my childhood fr…
This is pretty huge. A lot of my experience growing up in California during the 90s was "tell an adult" and "zero tolerance" coming down from school administrators. This is useful at a very young age, but it neglects to equip the children with agency for when the adults aren't around. You can't tell an adult when you're on the school bus and conflict breaks out. You can't tell an adult when you're out on a soccer trip and people are getting rowdy in the locker room. The bystander effect is very strong in school aged children because we neglect to introduce them to their inherent agency in conflict.
There is also a degree of antifragility that parents could teach as well. Your emotions aren't reality. What people say about you isn't either. Again, these should come from parents.
Re: This is a teenager
#356Re: This is a teenager
#357The conclusion of this data presentation is that so of these people are our collective responsibility, and I just wasn't convinced. I wish they had shown percentages with the visualization. They choose not to. I was underwhelmed by some points that seemed like they should have been more shocking. Look at the huge number of people in the many adverse experiences category who made it to college, and make a high salary.…
>The conclusion of this data presentation is that so of these people are our collective responsibility, and I just wasn't convinced. That conclusion came out of left field for me. He started off saying these certain adverse events affect you in adulthood. So the logical conclusion would be: Be involved parents, give your kids a quiet place to study, don't have a drug problem as a parent, don't tolerate bullying, don'…
Without the sarcasm now, the victims of bad parents are no different than the victims of any other crime. Yes, it may be the parents' fault that their child has a bad life just as it is a murderer's fault that his victims die, but that hardly justifies it happening. A child cannot choose their parents any more than you can choose not to be the victim of a crime. It seems obvious to me that, as a society, we should protect the vulnerable from those who might harm them.
Re: This is a teenager
#358Earlier quoted context omitted.
It's hard to look at visualizations like this and reflect on the experiences of the individuals living through hardship. Even those who 'make it out' may struggle in ways not fully captured in the data or this visualization. I grew up in a 'high risk environment', and experienced all the adverse experiences with the exception of gun violence (yay Canada). I'm one of the few that 'made it out'. Many of my childhood fr…
Unfortunately a solid number of these things would rely on the moral equivalent of slavery. > Reduce the burden of poverty. For instance, the poorer you are the further you have to travel to the grocery store. The people who often don't have the means to easily travel for food have to travel for food. No one wants to work in these neighborhoods because they are invariably awful. At some point the risk of an employee…
Re: This is a teenager
#359Earlier quoted context omitted.
Statistically most people born into poverty stay there. Do you think most of them aren't trying? Conversely, do you thing most people born wealthy have to put as much effort into staying wealthy? There are a number of systemic barriers, one of the big ones mentioned in this demonstration is education. If we had equal baseline access to education, housing, healthcare, and food... then sure, if people stayed impoverish…
The system is obviously not fair but individuals are still responsible for how they play their hand. You really think it is ignorant to believe you have control over your life? What do you do just lay on the floor and wait for things to wash over you?
I feel like when people start talking about money like this they're being intentionally illogical.
Re: This is a teenager
#360Earlier quoted context omitted.
It would also help if more people that are doing marginal work could receive a wage that they felt secure with. Money is one of the biggest stressors for couples and families.
I don't understand how to practically make this work. There's a strong case to be made that a minimum wage helps people whose value approaches the minimum while hurting people above or below (e.g. $12 and $18 wages in an unlimited market both round to $15 with a minimum, while someone who only produces $7 of value is no longer employable). Similarly with cash infusions - giving people more money is inflationary. Nobo…