If these magically cheaper-but-just-as-nice homes are anywhere near your current house, your current house won't appreciate in price
Why would they need to be nearby? America is a big and beautiful country. If you think the prices are a bubble, you can also switch to renting a house when it get ridiculous - two of my friends did just that, one in FL and one in CA, at the peak of the recent real estate bubble. Worked out quite well for them.
The difference between "working class" and "middle class" in America is not one of income, nor is the difference between "middle class" and "upper class". The middle class tends to make more than the working class, on average, but that's not what distinguishes the two, and there's a lot of overlap in income.
Yes, the money gets spent 4 times, but there are a total of 4 deposits along the way - loans match deposits. After all "spent" just means "deposited elsewhere". It would still work that way with BTC.
A bank can't loan out $200k on $100k deposits - it's assets would be double its liabilities. That's not allowed. But the first $100k loaned out gets deposited somewhere, and now that receiving bank has a new $100k it can loan out. It can keep going around forever, though in practice it's just over 10x.
It's the fundamental problem of regulation in a nutshell. The company is merely doing what's expected - we look to the local government to keep its people's interests first. When they don't, it's not obvious what could fix that, given we're starting with a government we don't trust.
Data centers don't bring many jobs, except during construction. They might make it up on property tax, if they aren't giving away an indefinite exemption (and most places don't - they'll give a discount for a few years).
The guys who own the plumbing businesses do quite well, but starting your own small business (and succeeding) will always be the most valuable skill.
They're all "working class", by the way. It's not a dirty word. In fact, that's the cultural problem we need to fix. Especially the realization that a good working class job beats a crappy white-collar job any day. The difference is not one of how much you're paid, but the kind of work you do.
The point at which the lifetime earnings of a dentist (net of education costs) pass the lifetime earnings of a plumber is the early 40s. And that's comparing the dentist who owns his own business to the plumber who doesn't. If the plumber is successfully running a "two truck shop" by 40, the dentist may never pass him.
Okay, let's show how this works in the current fractional reserve system, at 10:1 reserve ratio.
Ah, I see the source of the confusion. No, banks don't work that way today. Their loans cannot exceed their deposits. It's just that every loans results in a deposit somewhere else in the banking system, so whereever it lands, a bank can turn around and loan it out again. That's why the money supply multiplies.
What he said. The traffic would get ugly, so I'd be wanting to move after 5 years or so anyway. Be nice to pocket a few hundred thousand from the deal.
Can't blame Amazon for taking the incentives offered to them. Sounds like some communities may need to have some sharp discussions with their city councils. Of course, they may learn there was a big win in total tax revenue that prevented their taxes from rising. Or maybe the city council was full of idiots.
Hired a plumber recently? Electrician? AC repair? They aren't just barely getting by. It's a labor shortage when it stops being a matter of price, and becomes one of availability. We have cultural issues preventing people from taking good jobs they could do.
Well, I wouldn't call that a kindness economy, but I could certainly see jobs expediting permitting.
Personally, I already see a lot of new jobs around convenience - things people could do for themselves, but wold rather not be bothered. I've seen startups around car washing, lawn mowing, pickup/deliver clothes to the cleaners, and similar. All new companies, internet-dispatched, paying better than you'd think. Talking to a friend at a startup where they send people to wash your car, they pay $20/hr, which isn't bad at all for semi-skilled labor. They make a nice profit, and are growing like crazy.
As with every previous economic revolution, the new jobs will be doing things for the middle class that, previously, only the rich could afford. Wish I had a better idea for what, specifically, as I'd make my own startup.
There is currently a serious labor shortage in the skilled trades. It's likely good work for someone with the skills to drive a truck. There are over a million skilled manufacturing jobs unfilled in the US right now.
We could do a better job as a society of making training available, but it's really not the people who already do skilled work that will be left out in the cold here. Unskilled labor has been going away for decades now, and will eventually vanish. What the heck happens to the 10% or 15% of people who simply can't cut it in a skilled job?
As with everyone who things we "measure intelligence wrong", you should take a look at the Big Five personality traits. Those plus IQ explain all statistically measurable factors of human psychology.
What schools measure is intelligence plus conscientiousness, which is probably what matters on most jobs as well. Your "kindness economy", euphemistic at best, would be jobs for people who are high in agreeableness. Problem is, stubborn people need jobs too. Further, we already have a large economy around elder care, and that's only going to grow until the Boomers die off, so there's your existing "kindness sector" in our economy.
Only communists "set up" an economy, mostly by starving millions of people to death. Successful economies emerge naturally over time, as people who have needs seek people with the skills to provide for those needs. There will certainly be new jobs, and many of them may be "kindness-related", but you can't force it.
Well put, though in the specific example it takes a modicum of intelligence and a lot of diligence to be a truck driver. You could probably learn a skilled trade. (Heck, you could probably finish your career before we actually have self-driving vehicles.)
I don't know about him, but I just don't care if she "dresses well" in some fashion way, only that she's well groomed. A t-shirt and Daisy Dukes will draw my eye far more than a fancy dress and accessories.
Oh, it was great in its time, when there were no electronic calculators and so powers of ten made things easy, but that time has passed, and we're free to return to units that make sense for everyday use.
Of course, the best system is the Furlong-Firkin-Fortnight system, aka the FU system. But adoption of a system that brilliant will be slow, as the world just isn't smart enough to use it yet.
www.wish.com Same handbag from the same Chinese factory, without the brand logo, $15 instead of $1500.
As a guy, the two are indistinguishable. To other women, not so much. Though the success of wish.com argues that there's a reasonable percentage of women who DGAF either.
wish.com's core business is unbranded fashion accessories. Not counterfeits, as there's no logo, but the same item from the same Chinese factory. So they'll sell a $1500 handbag for $15, or a smart watch for $9 or whatever.
It's evidence that people maybe aren't so much the fashion victims we easily assume.
In the US, I have never seen a store that only sold clothes, and sold both men's and women's clothes. Never thought about that before. I'd say that most places you can buy clothes here sell both, but also sell other things.
It's odd, there are discount stores for both men and women, but while the cheaper men's stores market as "shop here, we're cheaper", the discount women's stores are very low key. Their pith seems to be "you were smart enough to find this hidden discount store, but don't worry, we won't tell anyone you paid less".
And then there's wish.com. They turned down a multi-billion dollar cash offer from Amazon. Whatever they're doing, they're doing it right.
Slashdot Mirror
Just want to emphasize this. Key reselling is a huge business, and it's not about "used games", for the most part.
Everyone pays property tax. Just because it's not it's own line item on your rent don't think you're not paying.
Mom and Pop data centers?
If these magically cheaper-but-just-as-nice homes are anywhere near your current house, your current house won't appreciate in price
Why would they need to be nearby? America is a big and beautiful country. If you think the prices are a bubble, you can also switch to renting a house when it get ridiculous - two of my friends did just that, one in FL and one in CA, at the peak of the recent real estate bubble. Worked out quite well for them.
The difference between "working class" and "middle class" in America is not one of income, nor is the difference between "middle class" and "upper class". The middle class tends to make more than the working class, on average, but that's not what distinguishes the two, and there's a lot of overlap in income.
Yes, the money gets spent 4 times, but there are a total of 4 deposits along the way - loans match deposits. After all "spent" just means "deposited elsewhere". It would still work that way with BTC.
A bank can't loan out $200k on $100k deposits - it's assets would be double its liabilities. That's not allowed. But the first $100k loaned out gets deposited somewhere, and now that receiving bank has a new $100k it can loan out. It can keep going around forever, though in practice it's just over 10x.
It's the fundamental problem of regulation in a nutshell. The company is merely doing what's expected - we look to the local government to keep its people's interests first. When they don't, it's not obvious what could fix that, given we're starting with a government we don't trust.
Data centers don't bring many jobs, except during construction. They might make it up on property tax, if they aren't giving away an indefinite exemption (and most places don't - they'll give a discount for a few years).
The guys who own the plumbing businesses do quite well, but starting your own small business (and succeeding) will always be the most valuable skill.
They're all "working class", by the way. It's not a dirty word. In fact, that's the cultural problem we need to fix. Especially the realization that a good working class job beats a crappy white-collar job any day. The difference is not one of how much you're paid, but the kind of work you do.
The point at which the lifetime earnings of a dentist (net of education costs) pass the lifetime earnings of a plumber is the early 40s. And that's comparing the dentist who owns his own business to the plumber who doesn't. If the plumber is successfully running a "two truck shop" by 40, the dentist may never pass him.
Okay, let's show how this works in the current fractional reserve system, at 10:1 reserve ratio.
Ah, I see the source of the confusion. No, banks don't work that way today. Their loans cannot exceed their deposits. It's just that every loans results in a deposit somewhere else in the banking system, so whereever it lands, a bank can turn around and loan it out again. That's why the money supply multiplies.
What he said. The traffic would get ugly, so I'd be wanting to move after 5 years or so anyway. Be nice to pocket a few hundred thousand from the deal.
That editorial slant was really something.
Can't blame Amazon for taking the incentives offered to them. Sounds like some communities may need to have some sharp discussions with their city councils. Of course, they may learn there was a big win in total tax revenue that prevented their taxes from rising. Or maybe the city council was full of idiots.
I'd like my house price to double. You're welcome not to participate.
Hired a plumber recently? Electrician? AC repair? They aren't just barely getting by. It's a labor shortage when it stops being a matter of price, and becomes one of availability. We have cultural issues preventing people from taking good jobs they could do.
Well, I wouldn't call that a kindness economy, but I could certainly see jobs expediting permitting.
Personally, I already see a lot of new jobs around convenience - things people could do for themselves, but wold rather not be bothered. I've seen startups around car washing, lawn mowing, pickup/deliver clothes to the cleaners, and similar. All new companies, internet-dispatched, paying better than you'd think. Talking to a friend at a startup where they send people to wash your car, they pay $20/hr, which isn't bad at all for semi-skilled labor. They make a nice profit, and are growing like crazy.
As with every previous economic revolution, the new jobs will be doing things for the middle class that, previously, only the rich could afford. Wish I had a better idea for what, specifically, as I'd make my own startup.
There is currently a serious labor shortage in the skilled trades. It's likely good work for someone with the skills to drive a truck. There are over a million skilled manufacturing jobs unfilled in the US right now.
We could do a better job as a society of making training available, but it's really not the people who already do skilled work that will be left out in the cold here. Unskilled labor has been going away for decades now, and will eventually vanish. What the heck happens to the 10% or 15% of people who simply can't cut it in a skilled job?
As with everyone who things we "measure intelligence wrong", you should take a look at the Big Five personality traits. Those plus IQ explain all statistically measurable factors of human psychology.
What schools measure is intelligence plus conscientiousness, which is probably what matters on most jobs as well. Your "kindness economy", euphemistic at best, would be jobs for people who are high in agreeableness. Problem is, stubborn people need jobs too. Further, we already have a large economy around elder care, and that's only going to grow until the Boomers die off, so there's your existing "kindness sector" in our economy.
Only communists "set up" an economy, mostly by starving millions of people to death. Successful economies emerge naturally over time, as people who have needs seek people with the skills to provide for those needs. There will certainly be new jobs, and many of them may be "kindness-related", but you can't force it.
Well put, though in the specific example it takes a modicum of intelligence and a lot of diligence to be a truck driver. You could probably learn a skilled trade. (Heck, you could probably finish your career before we actually have self-driving vehicles.)
I don't know about him, but I just don't care if she "dresses well" in some fashion way, only that she's well groomed. A t-shirt and Daisy Dukes will draw my eye far more than a fancy dress and accessories.
The metric system is worse, so we don't adopt it.
Oh, it was great in its time, when there were no electronic calculators and so powers of ten made things easy, but that time has passed, and we're free to return to units that make sense for everyday use.
Of course, the best system is the Furlong-Firkin-Fortnight system, aka the FU system. But adoption of a system that brilliant will be slow, as the world just isn't smart enough to use it yet.
I think the star ratings are DVD only. The streaming system seems to be an opaque "percent match" number, controlled entirely by NetFlix algorithms.
NetFlix had a pretty good run, but the decline was inevitable once they became both a content producer and distribution.
www.wish.com Same handbag from the same Chinese factory, without the brand logo, $15 instead of $1500.
As a guy, the two are indistinguishable. To other women, not so much. Though the success of wish.com argues that there's a reasonable percentage of women who DGAF either.
$10 wired headphone sound perfectly fine on a call.
wish.com's core business is unbranded fashion accessories. Not counterfeits, as there's no logo, but the same item from the same Chinese factory. So they'll sell a $1500 handbag for $15, or a smart watch for $9 or whatever.
It's evidence that people maybe aren't so much the fashion victims we easily assume.
In the US, I have never seen a store that only sold clothes, and sold both men's and women's clothes. Never thought about that before. I'd say that most places you can buy clothes here sell both, but also sell other things.
It's odd, there are discount stores for both men and women, but while the cheaper men's stores market as "shop here, we're cheaper", the discount women's stores are very low key. Their pith seems to be "you were smart enough to find this hidden discount store, but don't worry, we won't tell anyone you paid less".
And then there's wish.com. They turned down a multi-billion dollar cash offer from Amazon. Whatever they're doing, they're doing it right.