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Annual note to self: most of the world exists outside the tech bubble

steveblank.com

81–90 of 379 posts

Re: Annual note to self: most of the world exists outside the tech bubble

#81

This is the use case for universal basic income. Its largely not their fault for their current economic situation. They played by the rules. They worked hard. If we could only remove the "necessity" of a job and the puritan shame of unemployment to live a moderate life of meager means. People should be encouraged to contribute to society not to simply "get a job".

I think UBI would be unsustainable without additional investments in education. If you are going to be taking public monies, that time should be used to educate oneself or provide some form of public service.

Re: Annual note to self: most of the world exists outside the tech bubble

#82

>Some are rooted, embedded in their communities; and some are trapped — because housing is unaffordable where the better paying jobs are. And the jobs that are high paying are not the jobs they built their lives on. There's some texture and nuance to this statement. I remember on NPR, they interviewed a lady whom mentioned similar sentiments; her and her husband had built a family, worked in the blue-collar industry…

Moving to where there's more work is what other generations did, before the rent there got too damn high. There was an economics paper about this recently, blaming ills of vaguely this sort (I'm sorry I don't remember better) on the housing restrictions in the American cities with growing economies.

Re: Annual note to self: most of the world exists outside the tech bubble

#83

One of the main reasons I don't live in SF is the conversation. The first time I visited, I heard tech talk in bars, cafes, on street corners. If I can't get a beer or a coffee or take a walk without hearing about work, it's not for me.

It's not all about you Louise!

Re: Annual note to self: most of the world exists outside the tech bubble

#84

Earlier quoted context omitted.

The solution to some people getting played by the system surely isn't to play everyone even more by that same system. I figure UBI will look like it's succeeding for ~10-20 years, then we'll see what the real impact of it is (as people grow up with it). There's also little consensus on how comfortable the basic income should be; I get the impression that if it is too comfortable, you'd be a fool to work, if it's too…

UBI is welfare with a different name. The results will be the same. Some people will sit on their asses and never work a single day but the majority of the population would keep working. The extra money would become meaningless because prices would adjust to accommodate it. We have to keep in mind that you can't just create money and hand it out and make everyone rich. If everyone had 10x as much money prices would e…

> The extra money would become meaningless because prices would adjust to accommodate it.

That's not actually supported in the literature.

Re: Annual note to self: most of the world exists outside the tech bubble

#85

>Some are rooted, embedded in their communities; and some are trapped — because housing is unaffordable where the better paying jobs are. And the jobs that are high paying are not the jobs they built their lives on. There's some texture and nuance to this statement. I remember on NPR, they interviewed a lady whom mentioned similar sentiments; her and her husband had built a family, worked in the blue-collar industry…

For people who have lived in the same area for several years, moving means losing all of your political capital that you've built up in the form of:

* votes / campaigning for your representatives

* learning about the local laws and maybe even having voiced yourself at town halls to make real changes

* all bonds you've made in your community which helps when wanting to make a push for local changes

Moving means losing all of that. The only exceptions to this are the wealthy, famous, or well connected. So I can very well see why some older people wouldn't want to move.

Re: Annual note to self: most of the world exists outside the tech bubble

#86

Earlier quoted context omitted.

>That last part bothers me a lot. It seems a lot of people just don't want to move. Anecdotally I've moved nearly 6 times in the last 8 years. My parents have done the same. How do we build any kind of community with so little permanence? If we can't bond with our neighbors, we become these empty, atomized husks floating from one economic opportunity to another. Put another way, how can a village raise a child if the…

Isn't that what Facebook and the like are for? I'm being serious here. Since 2002 I have moved 5 times for work: Colorado, Texas, Guam, Maryland and now I'm in Virginia. My family is spread around Texas. I mostly keep up with the people I made friends with through the years and my family on FB, Twitter etc...phone and then rarely on email. The idea of a "local" community you have your whole life is antiquated - if it…

> Humans were traditionally nomadic - albeit in the same group.

The same group is the important bit. The parent is talking about the importance of community. I don't think they care which kind it is.

Re: Annual note to self: most of the world exists outside the tech bubble

#87
post #4

He should rename this to "Working outside the millionaire bubble". Plenty of people in tech feel the squeeze too. What it comes down to is that a lot of people with money have lost touch with the rest.

I don't know anyone working in tech who worries about affording food. At most tech workers worry about affording a big enough apartment/house.

Re: Annual note to self: most of the world exists outside the tech bubble

#88

>Some are rooted, embedded in their communities; and some are trapped — because housing is unaffordable where the better paying jobs are. And the jobs that are high paying are not the jobs they built their lives on. There's some texture and nuance to this statement. I remember on NPR, they interviewed a lady whom mentioned similar sentiments; her and her husband had built a family, worked in the blue-collar industry…

It's really not easy to uproot and move from an economically depressed area to an active metropolis. I've done it (Athens, GA to San Francisco in late 2012) and it was incredibly expensive and involved a large amount of personal credit use, cash assistance from family, and time. It was a huge stretch at the time for me to move across the country and break into a new industry, and I did it as a single man, willing and able to sleep on couches and occasionally a cheap hotel room (which left me going to the next job interview itching with flea bites). I spent a lot of days scrambling to figure out where I was sleeping that night while I navigated the terribly tight housing market in San Francisco. I would have never been able to do that with any sort of family.

If you are coming from a town where $28,000 is a really good salary for a job and your rent (as a single person with roommates) might be $250-$300 a month, how on earth do you save up enough to get two months rent in SF or even Oakland? Especially considering how little savings most families have in America, and that's when you haven't been laid off.

When you have certain highly fungible skills moving around is relatively easy. Now that I'm a programmer I can theoretically get a job in pretty much any American city I choose, and probably negotiate a starting/moving bonus so I'm not out-of-pocket for any costs associated with moving. That's true for all of my former coworkers and a lot of my friends out here in California, so I think it's easy to forget how abnormal that is.

Re: Annual note to self: most of the world exists outside the tech bubble

#89

Earlier quoted context omitted.

UBI is welfare with a different name. The results will be the same. Some people will sit on their asses and never work a single day but the majority of the population would keep working. The extra money would become meaningless because prices would adjust to accommodate it. We have to keep in mind that you can't just create money and hand it out and make everyone rich. If everyone had 10x as much money prices would e…

> The extra money would become meaningless because prices would adjust to accommodate it. That's not actually supported in the literature.

I mean, it is the case if UBI contributes to inflation, which it clearly would. Literature or no literature, if the money supply increases, prices will increase unless efficiency improves faster.

Re: Annual note to self: most of the world exists outside the tech bubble

#90

Earlier quoted context omitted.

The solution to some people getting played by the system surely isn't to play everyone even more by that same system. I figure UBI will look like it's succeeding for ~10-20 years, then we'll see what the real impact of it is (as people grow up with it). There's also little consensus on how comfortable the basic income should be; I get the impression that if it is too comfortable, you'd be a fool to work, if it's too…

UBI is welfare with a different name. The results will be the same. Some people will sit on their asses and never work a single day but the majority of the population would keep working. The extra money would become meaningless because prices would adjust to accommodate it. We have to keep in mind that you can't just create money and hand it out and make everyone rich. If everyone had 10x as much money prices would e…

> If we pillaged the top 1% and distributed their wealth evenly the entire rest of the population would get close to a 100% raise. That's how filthy rich the top 1% are.

The problem with this, of course, is that the rich would simply leave. They are the most attractive to rob, and the best prepared to escape.

In addition, "the 1%" is not an exclusive club; most people (currently) have a pretty good chance of entering the 1% at some point in their life, most in the 1% have a very good chance of exiting it.

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