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Young men dropping out of the job market to spend time in an alternate reality

1843magazine.com

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Re: Young men dropping out of the job market to spend time in an alternate reality

#81
post #48

Earlier quoted context omitted.

It's a real possibility, but consider thinking about it this way: Many jobs do not provide (marginal utility > income) to society, and many even produce negative marginal utility. Everything from utility companies to the financial sector to government to even academia has a heck of a lot of perverse incentives and corruption. Over half a century ago John Maynard Keynes--one of the most influential intellectuals to sh…

> Many jobs do not provide (marginal utility > income) to society, and many even produce negative marginal utility. What are some examples of this? Why are people paying those workers?

>Why are people paying those workers?

In short, in modern, mainstream economic theory the ideas that explain this are what's called Market Failures. In 2001, the Nobel Prize in economics went to people who studied information asymmetries, which lead to market failures.

A concrete and classic example is the Tragedy of the Commons.

My earlier example of the financial sector, which in 2008 showed everyone how private gains created public losses in the form of subsidies, recession, inflation, bail-outs, moral hazard, public-sector risk, was created despite (and many argue in part, because) of government-oversight.

Another, more benign example, is one I was reminded of while on vacation in France. A toilet bloc was guarded by an unhappy attendant who took 1 euro per use. It would be better to install a 100euro toll gate and give her the remaining profit to buy a computer to play video games (or art supplies, whatever she wants to do), in the hours between cleanings. Everyone wins. This is what's called pareto-efficient. Someone is made better off and no one is made worse off (tourists don't need to encounter an unhappy attendant, either).

Re: Young men dropping out of the job market to spend time in an alternate reality

#82
post #64

Earlier quoted context omitted.

And how many of those boomers have themselves slipped into the alternate realities of drugs and alcohol? If you are going to distract yourself, videogames are better than drinking. The remark in the OP about the father having to change a baby while playing a game is telling. That father could put his gaming on pause. A generation ago, how many fathers in similar situations were catatonic with a bottle in one hand? Ra…

I don't mean to derail because I think you have a valid point, but I believe alcoholism is still a way worse problem today. If I'm remembering correctly, it's something like the same number of people die due to alcohol every year in the US as shoot themselves death (~30k)... and that's just fatalities; if we're talking family problems it's way higher.

What was it when the boomers were starting families? If it was higher then, his point still stands even if there's work to do

Re: Young men dropping out of the job market to spend time in an alternate reality

#83
post #28
post #3

slow news day, huh? seems this story is aired about every 2-3 years... EDIT: I'm being downvoted for pointing out that these kinds of articles have been rehashed for years? thanks. continue on, then.

By "this story" you mean a story like this? Because this one is new. https://twitter.com/ryanavent/status/841411624904863746

A story like this. "videogames are sucking people in" has been replayed when WoW was popular. and even the article references prior stories.

Re: Young men dropping out of the job market to spend time in an alternate reality

#85
post #78

That is how you got alt-right. Bad job market and on the other hand portrayed as oppressor and reminded to check your own privilege. Video game is just the surface of the underlying illness. It is cheap(per hour), and accessible source of pleasure.

You're saying... feminists invented sexism?

How do u read that? Mind to illustrate me your thought process?

Re: Young men dropping out of the job market to spend time in an alternate reality

#86
post #72

I've watched this happen to my friends. One that I graduated high school with in particular comes to mind. We all played video games back then. Half Life, Goldeneye, Starcraft, Everquest, etc. He was a smart guy, driven, usually made better grades than me (I was lazy in high school). Took a job at an medical supply company after graduating from high school intending to work for a few months before starting college. W…

It's called gaming addiction, and it's become a more well known thing in the last decade or so. In a lot of ways, it's similar to gambling addiction.

[1](http://www.abc.net.au/catalyst/stories/3488130.htm) [2](http://www.webmd.com/mental-health/addiction/features/video-...)

Re: Young men dropping out of the job market to spend time in an alternate reality

#87
post #48

Earlier quoted context omitted.

It's a real possibility, but consider thinking about it this way: Many jobs do not provide (marginal utility > income) to society, and many even produce negative marginal utility. Everything from utility companies to the financial sector to government to even academia has a heck of a lot of perverse incentives and corruption. Over half a century ago John Maynard Keynes--one of the most influential intellectuals to sh…

> Many jobs do not provide (marginal utility > income) to society, and many even produce negative marginal utility. What are some examples of this? Why are people paying those workers?

How about the 2 million truck drivers that are about to get replaced by robots?

Re: Young men dropping out of the job market to spend time in an alternate reality

#88

Earlier quoted context omitted.

And how many of those boomers have themselves slipped into the alternate realities of drugs and alcohol? If you are going to distract yourself, videogames are better than drinking. The remark in the OP about the father having to change a baby while playing a game is telling. That father could put his gaming on pause. A generation ago, how many fathers in similar situations were catatonic with a bottle in one hand? Ra…

I read that same passage and wondered who was paying attention to the kids? Great, Dad's got some buddies who will lay down some cover while he changes a diaper. What's the kid get out of that deal?

A clean nappie, but that's the bare minimum a child should expect from a parent. Guy should be interacting with his kid instead of playing some stupid bs video game.

Re: Young men dropping out of the job market to spend time in an alternate reality

#89
post #52
post #19

I really like this read, something just smells off about blaming young people for "wasting years" on video games. We've got a horribly stacked real life "game" where the boomers and elites have horded everything and fucked future generations, blaming an individual for dropping out and not wanting to really participate in that trainwreck is being dishonest at best.

I completely agree with the sentiment, but isn't your own comment being dishonest? There's plenty of land in the United States, and plenty of cities that have hardly been met with the "hoarding" you mention. That being said, living in Boston, MA, I totally feel what you're saying (literally, most of the houses here are expensive, even in crappy areas).

If you're talking about real estate you need to check out San Francisco. I thought it was bad about 4 years ago when I moved to Japan and a 2 room was going for $3400.. it's even worse now.

Re: Young men dropping out of the job market to spend time in an alternate reality

#90
you mean, the cruel world tell them to be ashamed of their gender, their country, their life - then they have to pay for their students debts and think about how they wont ever afford a house and they prefer going to an alternate reality? no way!

I personally love escaping reality by playing games. There's other ways, but it's a pretty fine one. Better than depression.

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