At the same time, there are people who barely work (if at all) and sit pretty on a mountain of generational wealth and income generated by underlings.SuperJail Warden wrote:
I assume the protracted lockdown, extended unemployment, and stimulus convinced some guys to look for arrangements that would allow them to bums. Usually living off of a woman.
i mean its all status at the end of the dayunnamednewbie13 wrote:
Hmm. Yes, I'm sure it's because of the social status. And not things like not being able to afford a house, or even an apartment, even with a job. Never mind health care, and mental health care, being out of reach.
I love these articles exploring niche motivations and oddball roots of problems with millennials and workers or whatever. Eat less avocado toast.
Survival mode living sparsely off noodles, potatoes, and buttered toast, and choosing between medicine and rent, isn't much of a status tier.
Definitely not because of the pay and toxic work environments. Anything but that. It's, um. Climate change! And, uh, lazy young people. That's it! You see the thing about millennials …
… actually, the thing about Gen Z blah blah blah blah blah avocado toast.
(dnr article)
the problem is much more widespread than easily mocked tiktok zoomers in the west.
there’s the whole ‘lying flat’ phenomenon in china. most of them in recent years have been totally disincentivised from ever owning property or aspiring further. the greatest transformation in human wealth in the history of our species is spluttering to a halt, one way or another. that will have yuuuuge consequences on the global economy.
i think the attendant optimism or pessimism of a zeitgeist is more important than both economists and snipy ‘culture wars’-level commentators give credit. when an entire generation fundamentally believes their future will be worse, or limited, or beset by serious challenges, it affects everything. the attitudes and assumptions of gen X’ers are in many ways coming to fruition nowadays, for instance, now they’re finally coming into control of political and market establishments as the seniors. the way they see the world was shaped by their experience of the 90s in many recognised as well as unacknowledged ways.
then there’s other stories like the whole 1.5 generations who were being told ‘learn to code’ or ‘do compsci to educate yourself for the future’. all the tech giants who seeded this belief and demand upon higher education are laying off 10,000s of salaried staff. current-gen AI can produce perfect code using sentence prompts.
there’s the whole ‘lying flat’ phenomenon in china. most of them in recent years have been totally disincentivised from ever owning property or aspiring further. the greatest transformation in human wealth in the history of our species is spluttering to a halt, one way or another. that will have yuuuuge consequences on the global economy.
i think the attendant optimism or pessimism of a zeitgeist is more important than both economists and snipy ‘culture wars’-level commentators give credit. when an entire generation fundamentally believes their future will be worse, or limited, or beset by serious challenges, it affects everything. the attitudes and assumptions of gen X’ers are in many ways coming to fruition nowadays, for instance, now they’re finally coming into control of political and market establishments as the seniors. the way they see the world was shaped by their experience of the 90s in many recognised as well as unacknowledged ways.
then there’s other stories like the whole 1.5 generations who were being told ‘learn to code’ or ‘do compsci to educate yourself for the future’. all the tech giants who seeded this belief and demand upon higher education are laying off 10,000s of salaried staff. current-gen AI can produce perfect code using sentence prompts.
Multiple generations as far back as living memory extends have been screwed over by businesses they worked at. People alive today who have heard stories about it from their great-grand parents' first-hand experiences. And then you're still told to have a 'work ethic' (however ambiguous its implications), or that people who are 'disloyal' (also ambiguous) to the company that employs them are part of some antiwork phenomenon. I think people are rightly sick of it, hearing the young blamed for a complex, exploitative situation brewed up by many generations of old rich farts. People who write this crap, or order it written, need to go soak their heads.
Last edited by unnamednewbie13 (2022-12-12 16:36:22)
There's a big fat disconnect between modern management theory and actual society.
I've ordered a book, #56 I think, demolishing Jack Welch's management theories and examining his destruction of GE in detail.
Should be a fun read.
Also the sudden turnaround in power between skilled workers and companies has been hilarious.
I've ordered a book, #56 I think, demolishing Jack Welch's management theories and examining his destruction of GE in detail.
Should be a fun read.
Also the sudden turnaround in power between skilled workers and companies has been hilarious.
Fuck Israel
- SuperJail Warden
- Gone Forever
- +640|3933
It would be a good investment if the government helped people weatherize their homes. If we had better insulated homes, we can drop energy consumption.
But that's money that could be going into the pockets of the ultra wealthy.
Er no, typically people burn up whatever they can afford.SuperJail Warden wrote:
It would be a good investment if the government helped people weatherize their homes. If we had better insulated homes, we can drop energy consumption.
Historically technological fixes haven't delivered any kind of reduction, people still use just as much energy - they get more for it.
Air travel, road vehicles, farming lighting for a few that I can think of off the top of my head.
Not forgetting that population growth obliterates it all.
Fuck Israel
such nonsense. the UK has some of the worst insulated homes in europe, they leak heat.
practically every written review submitted on the topic has said it's an easy way to lower household energy consumption in the winter.
practically every written review submitted on the topic has said it's an easy way to lower household energy consumption in the winter.
lmao yeah. double-glazed windows for example sure never changed a thing.Historically technological fixes haven't delivered any kind of reduction
Except it doesn't lower consumption, people just have warmer houses.
Fuck Israel
are you even an engineer?Dilbert_X wrote:
Except it doesn't lower consumption, people just have warmer houses.
- SuperJail Warden
- Gone Forever
- +640|3933
This all seems very counterintuitive. The economy is growing quickly and the Fed's response is to try to stop it? Huh?The Dow sank as America's economy grew much faster than previously thought in the third quarter, a sign that the Federal Reserve's battle to cool the economy to fight inflation is having only a limited impact.
US stocks tumbled Thursday on fears that the stronger-than-expected GDP could prompt the Fed to continue to raise rates more than expected in 2023. Stocks ended the day off their lowest levels but the Dow still lost nearly 350 points, or 1.1%, while the S&P 500 fell 1.5% and the Nasdaq was down 2.2%.
- SuperJail Warden
- Gone Forever
- +640|3933
I also read that the tech and white collar layoffs taking place are hurting commercial real estate as companies downsize. Great time to buy an office park and join Jay's yacht club.
the pandemic and WFH did the more significant damage to the commercial real-estate sector.
my company downsized and i know of countless others, anecdotally, from speaking to friends in similar professions.
it feels like the global economy is on the precipice of a major downturn in 2023.
my company downsized and i know of countless others, anecdotally, from speaking to friends in similar professions.
it feels like the global economy is on the precipice of a major downturn in 2023.
China was heading for a slowdown before covid, they couldn't pump their economy with tower blocks forever - many of which are barely habitable and due to start falling down due to shoddy building.
Now that they have covid and 2-3 wars brewing - nasty times ahead.
Now that they have covid and 2-3 wars brewing - nasty times ahead.
Fuck Israel
At the end of the year hit my investment target despite only working 9 months and the stock market falling a smidgen.
I should take no holidays and spend no money more often.
If next year could just be steady I should OK, but there'll be something, my car is due to expire, could be war in Taiwan.
I should take no holidays and spend no money more often.
If next year could just be steady I should OK, but there'll be something, my car is due to expire, could be war in Taiwan.
Fuck Israel
- SuperJail Warden
- Gone Forever
- +640|3933
Tesla stock dropped 13% today so far after missing their expected amount of deliveries. Q4 numbers get released the 25th. Probably will be just as bad.
Puts on everything baby.
Alpha as fuck.
Bitcoin is going up again, should I mortgage the home?
RipNyte wrote:
Puts on everything baby.
And buy what?pirana6 wrote:
Bitcoin is going up again, should I mortgage the home?
Fuck Israel
Bitcoin
- SuperJail Warden
- Gone Forever
- +640|3933
Cybargs wrote:
RipNyte wrote:
Puts on everything baby.