Foreign mindset to me where a “conservative” is pro-handouts to people who don’t work
This is a foreign mindset to me. I can’t imagine the thought that some older couple still living in the home they raised their family in should move out of it so I can have it even entering my mind.
This is a bad strategy unless you're only trying to convince the upper middle class educated. It's exceedingly easy for populists to paint this as "people in power don't care that you're struggling". Ppl want to hear how you'll make their life better, not that it's already great!
I agree with this. People calling for revolution, a tyrant to sweep away problems, a populist to implement the public will, and other forms of radical change get 'owned' by the fact that things aren't that bad. They end up having to invent reasons to be upset.
There seems to be a disconnect between people who think AGI means “AI can do a couple tasks as well as a human” and “AI can do all tasks as well as a human”. If AGI is the latter you can’t compare it to tools that improved productivity in a single narrow capacity!
that's not their goal and it doesn't make any sense to think that way. the goal of the guys who made microsoft word was not to make every typist and secretary unemployed
Guy who thinks China doesn’t do economic nationalism
A major problem with economic nationalism is that it’s bad for the nation’s economy
Seeing lots of people say this but no one wants to address the question of whether rapid immigration in the early 2020s pushed wages up or down. There are real short term effects that have to be acknowledged with immigration!
It’s weird to me that people don’t understand that immigrant workers create demand for goods and services, which also puts upward pressure on salaries in other industries.
This is 100% the case and is skewed even further by the fact that the terminally online are far more likely to be tech workers. No one was mad at H1-Bs in the 2010s-2021 when tech employment was only going up!
My guess is that some of the anti-H1B sentiment is driven by unemployed tech workers as a product of AI; so one thing to watch for is ugly ethnic tensions as a product of further automation
There is a disconnect on here between people who lament the H1-B policy as Americans not wanting to compete and people who think more workers has zero downward pressure on wages. In the short term in the affected industry at least, more workers almost certainly means lower wages
If they wanted to fix the H1-B system they’d do an auction system. But they don’t—they want to kill it, because they think there’s a fixed pool of jobs and if you kick the brown people out the more jobs there are for those who remain
Not sure someone can confidently state this at all. Even if carriers aren't one of them there are *lots* of goods of war that need to be produced en masse in a full-scale war. China can outproduce us in missiles, drones, tanks, etc. if they turn their whole country to it.
Talking about people not being “disciplined” enough to save for housing when it’s the most expensive in potentially the entire modern era and you prob bought your home in the 2010s when it was one of the cheapest times to buy cuz the FED subsidized you is really illogical
I’ll never understand how, after repeated failures of an entirely state run and controlled economy, we still get ostensibly educated people calling for it to be tried again. It’s similar to trying to prove the earth is round to a flat-earther, it’s a faith at this point
I always have to give huge props to rev_cap for being the most rational poster when it comes to inflation, the Fed, the massive deficits we’re running and the resulting populism from it all. Everyone else is either too partisan or too happy with their rising asset prices
Not a fan of Trump's policy push here but didn't FDR also threaten the Supreme Court's independence to get a ruling he wanted? This isn't good but there isn't *zero* precedence of the Executive attacking the SC. The institution is not done *yet*
It’s funny to watch the pundits call each other out on this - they both think they’re right all the time! Every instance of a leftist winning proves the people want to abolish capitalism and every instance of a centrist winning means the people want moderate neoliberalism
It's amazing how everything that happens confirms that you were correct all along
Clearly since Zohran called for the "the abolishment of capitalism" the people must want the state to nationalize all industries! It's insincere to pretend otherwise since Zohran has been anti-capitalist since the beginning
This is the game. Zohran always had the same housing plan. He was asked specifically about abundance and gave a measured answer. In Jentleson world, this = Zohran pivoted and ‘reached out.’ Give me a break. It’s charlatan shit. That’s what I’m ‘triggered.’
These are the details I'm interested in - wealth tax detractors talk about capital flight, but do high exit taxes not negate that? If NYC is too local for a wealth tax, sure. But if we talk about the US as a whole then why not 50% wealth tax? Or higher?
Wealth tax would be tough on a local level, and 50% is way too high (Bernie’s big proposal was like 6%), but something like a big LVT would be good
Wish I could get all the smart lefty rich finance/economic guys in one room and pick their brains on their preferred policies, would be insightful. A lot of their colleagues are often vehemently anti-socialist so it’s always interesting to see how they got there!
While I think one can make an argument for cutting here, I’m not sure the Fed cutting short term rates here guarantees a lower 10 yr which is what’s hurting housing demand. We saw the exact opposite happen last year!
In July 2022, Waller made the case that we could have a big decline in job openings without a corresponding increase in unemployment and he was right. Is there any policymaker/economist who believes home prices can fall 10% from here without fairly problematic economic outcomes?
If a war were to break out between a highly financialized country and highly industrialized one, what is the scenario where the industrialized one loses? There are endless commentaries about war is all about logistics and capacity to wage war - does the US have that capacity?
Love this sort of grand sweep historical statement - what's the n on this one exactly, industrial powers challenged by financial powers which are global hegemons too? Big sample size? Can I get an error bar?
Genuinely curious why this would be a *guaranteed* recession when homeowners pretty much everywhere (even in the south) are still up a lot from pre-COVID lvls. Is it just because lower prices -> homebuilder layoffs -> recession?
Seems like another piece of evidence for @Noahpinion to look at! Amazon expects people will do some other work but expect AI will lower their total corporate workforce in the end! That’s quite pessimistic for white collar middle class!
Amazon CEO: "As we role out more Generative AI and agents ... we will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs ... In the next few years, we expect this will reduce our total corporate workforce as we get…
United States Trends
- 1. Sonny Gray 5,205 posts
- 2. Dick Fitts N/A
- 3. #yummymeets N/A
- 4. Red Sox 5,753 posts
- 5. #GMMTV2026 4.11M posts
- 6. Clarke 5,723 posts
- 7. Giolito N/A
- 8. National Treasure 4,298 posts
- 9. Thankful 50.5K posts
- 10. Gone in 60 1,442 posts
- 11. Happy Thanksgiving 19.7K posts
- 12. Breslow N/A
- 13. Joe Ryan N/A
- 14. #csm221 4,321 posts
- 15. Chaim 1,034 posts
- 16. Mark Kelly 249K posts
- 17. #OurCosmicClue_Wooyoung 27.3K posts
- 18. Academic All-District N/A
- 19. Raising Arizona N/A
- 20. Ghost Rider 1,755 posts
Something went wrong.
Something went wrong.