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Cake day: August 14th, 2023

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  • That’s just a small subset of non college grads. If you’re going to compare people who are aiming for a specific profession in a specific industry, you should look at the career outcomes of the college path, too, with specific majors that are feeders into specific careers.

    Maybe you can argue that plumbers are doing “just fine” with the median wage at around $60k per year (across the entire career trajectory from the age of 20 to 60), or that welders make a median $50k, but those numbers don’t come anywhere close to accountants ($81k), financial specialists ($82k), financial analysts ($102k), electrical engineers ($112k).

    And you could argue that I’m cherry picking professions, and I am, but simply by saying “trades” is also cherry picking a profession.


  • Are you under 30? The blue collar trades income trajectory is pretty flat over time, so it’s the 30’s where college educated careers tend to come out on top, and the 40’s and 50’s where college grads really start running away with a huge gap.

    Plus in any trades job into the BLS Occupational Employment and Wage Statistics, and you’ll generally see lower median wages (and much lower 25th percentile wages) than pretty much any white collar college educated career.

    And living through a few business cycles also shows that non-college jobs, including the trades, are just less stable (and tend to force earlier exits to retirement or disability).

    Keep your head up. High pay in HCOL areas tends to pay off over time, because not all costs scale the same, and being able to pay down debt or save a higher number of absolute dollars is better for your long term financial health.




  • I don’t like the methodology of the study (done by Oxfam if you want to look it up). It attributes emissions to a person when it is done by a company they’re invested in. From the press release:

    Billionaires’ lifestyle emissions dwarf those of ordinary people, but the emissions from their investments are dramatically higher still —the average investment emissions of 50 of the world’s richest billionaires are around 340 times their emissions from private jets and superyachts combined. Through these investments, billionaires have huge influence over some of the world’s biggest corporations and are driving us over the edge of climate disaster.

    Nearly 40 percent of billionaire investments analyzed in Oxfam’s research are in highly polluting industries: oil, mining, shipping and cement. On average, a billionaire’s investment portfolio is almost twice as polluting as an investment in the S&P 500. However, if their investments were in a low-carbon-intensity investment fund, their investment emissions would be 13 times lower.

    I’m of the opinion that we should look at people’s consumption behavior rather than their production behavior. When Exxon Mobil or Delta Airlines pollute, they’re doing it for their customers. Reducing the consumption from the customer point of view does reduce the overall emissions, so I’m gonna continue to reduce my own contributions to this crisis.


  • The fundamental difference between Chinese commune policies and, say, American sharecropping or Cuban sugar plantations is that the workers had no title to their land, not that they couldn’t leave it.

    I’m not talking about Chinese commune policies. I’m talking about the hukou system, and its effects on how children were raised in China between 1990 and 2010. As in, the lived experiences of Chinese people between the ages of 15 and 40 today.

    It’s absolutely relevant to people today, not least of which was the original comment you were responding to, a firsthand experience of what happened to that commenter’s migrant family in Guangzhou as recently as 2010.


  • It’s weird to raise this as a concern relative to the history prior to the revolutionary era.

    It’s different because this affected the people who are still alive today.

    The reform being talked about started in 1980, and didn’t become available to the broader population until pretty recently. Even today, children aren’t allowed to attend public schools outside of their ancestral home town.

    So if you were born in 2000 to parents who had moved to Shenzhen, they’d still have to send you back to whatever rural village your grandparents were from, and didn’t have access to schools or healthcare otherwise. Now, you’re 25 years old and lived most of your life seeing your parents once a year, and still have an internal passport-like document tying you to that ancestral village.

    There are more reforms on the horizon, but trying to explain just how pervasive the hukou system still is (and how much it affected the people who are alive today) is really hard to grasp for people not familiar with the system.



  • Honestly, the space race part of it isn’t concerning to me at all. The fact that it’s between billionaire-backed companies is several policy failures, though.

    NASA has traditionally relied heavily on defense/space contractors. The space shuttle was built by Rockwell International (which was eventually acquired by Boeing).

    The Saturn V rocket that took people to the moon was manufactured by Boeing, Douglas (which became part of McDonnell Douglas, which was acquired by Boeing), and North American (which got acquired by Rockwell, which was acquired by Boeing).

    But through consolidation in the American aerospace industry, the bloated behemoth that is modern Boeing has serious issues holding it back. And so the rise of new competition against Boeing is generally a good thing!

    Except the only companies that were started up to compete with Boeing were funded largely as ego projects by billionaires who made so much money in other fields that they have excess billions to throw around.

    NASA’s new approach to contracting is fine, too: basically promising prizes to companies that hit milestones, which put the risk (and potential reward) on the private companies. Then, once SpaceX did demonstrate feasibility, NASA switched to fixed price contracts for a lot of the programs and did save a ton of money compared to previous cost-plus contract pricing. It’s unclear whether other space companies can deliver services at prices competitive with SpaceX, but their attempts at least force SpaceX to bid lower prices.

    Ideally, we would’ve retained a competitive aerospace industry in the past few decades, and a bunch of companies would be competing with each other to continue delivering space services to NASA and other space agencies (and private sector customers that might want satellite stuff). And these companies would be big corporate entities where the major shareholders aren’t exactly household names (like Boeing today).

    The way Bezos and Musk became billionaires would be a problem even if they didn’t try to go to space. The way they’re trying to go to space doesn’t really move the needle much, in my opinion.


  • When a team loses a basketball game by 1 point, literally every missed shot or turnover (or blown defensive coverage leading to an easy basket for the other side or foul leading to made free throws) could be pointed to as the “cause” of that loss.

    So yeah, if she were an actual better politician she probably would’ve won with the cards she was dealt. But there were also dozens of other causes that would’ve made her (or an alternative candidate) win, all else being equal.

    And it’s hard to see how a better politician would’ve ended up in that position to begin with. The circumstances of how Harris ended up as VP probably wouldn’t have happened if not for the specific way that her 2020 campaign flamed out.


  • I’m not as pessimistic as you about the future, and I don’t think of today’s children as people passively experiencing things that happen in the world. They’re participants, and they’ll have a lot more agency about their futures during our lifetimes.

    Politically, I still think that fascism is brittle. Competence is actively discouraged (independently competent people are minimized to prevent threats to centralized power), so I think any fascist system is bound to fail when the people actively resist.

    Economically, the business cycle ebbs and flows, and whoever’s on top today might not be on top tomorrow. I believe the current economic system is dominated by bubbles that have no future, so we’re gonna see some future chaos where new bases of power will rise. Good guys can win in those scenarios, and those good guys may very well be my own children.

    Culturally, nothing is permanent. Trying to predict things is a fool’s errand. Better to just prepare our children for resilience through flexibility and adaptability, and raise them to be kind, well adjusted, socially plugged in.

    Living a good life is possible even in a bad world. That’s happened throughout human history. And so if people want to raise children, let them.


  • Just want people to think a bit further than mid-19th century definions and analysis which I think no longer hold.

    Yeah, one of the things that really shaped my views on fairness in wealth distribution was studying corporate law (and the legal cases that shaped what Delaware corporate law is today). That history adds a lot of complexity to figuring out who is the “owner” class and who is the “labor” class. Highly compensated executives often have their shareholders over a barrel, and the legal system is designed to protect management from shareholders, so long as the corporation makes some minimal token gestures towards shareholder value. In practice, shareholders have very limited means of controlling a corporation (mainly by electing directors, who tend to be officers/managers of other companies and sympathize with managers and give quite a bit of leeway when only part time supervising the officers they often play golf with).

    And we can see this play out in the modern era. We have a bunch of wannabe finance bros, hopeful future millionaires, talking about financial topics and cheerleading their heroes (CEOs and founders), often being willing marks in financial investment scams. They believe that holding capital will help them survive further divergence between the haves and the have nots, but history shows that when push comes to shove, only power matters. No amount of accumulated wealth can protect against power, and those with power can always use that power to enrich themselves.

    So I don’t find it particularly useful to draw bright lines on who is or isn’t the enemy based on their financial situation. We should recognize the power structures themselves, and how power is exercised (politically, financially, legally, culturally, and the old standby, violently), and work to influence things through those levers (including the power to change the levers themselves).



  • It’s a couple of different factors at play:

    • Sales of this particular product are up and Fox News, the largest and most influential conservative media source, ran a story about it as if it’s a sign of the nostalgic return of something today’s old people remember from their youth.
    • Most younger people correctly recognize that this trash is actually a bad sign for the economy, because it reflects a shift down market where people are opting to make this stuff instead of the more expensive option of restaurants or takeout.
    • Consistent with worsening economic conditions, the price of beef in the United States is skyrocketing, so that the product itself is changing the label to recommend replacing the beef (which customers would ordinarily buy separately) with something else, like cheaper hot dogs.

    The political and economic discussion is happening in the United States, and that generally means that it spills out onto the internet where national borders are less significant for where conversations might end up.





  • People like to use the example of Crassus’ fire brigade as an analogy for how corporate interests extract value from regular people in society. Crassus and his fire brigade would go around buying burning houses on the cheap, and then put out the fire for the benefit of Crassus, the new owner. There were some who believed that Crassus was setting the fires himself, but the extractive playbook here works whether he was setting them himself or not.

    Are agricultural megacorps buying up farms with depressed values and then fixing them so that the values increase? Probably not. They’re in basically the same boat with the price of commodities, in terms of the inputs (water, fertilizer, labor, equipment and machinery, fuel, energy) and the outputs (wheat, corn, soybeans, etc.). It’s a problem for them, too.

    Maybe they have deep enough pockets to ride out the current crisis and will have more to show for it in the end, but for now, they’re in the same boat.


  • why were highly skilled Korean engineers working “illegally” in USA to begin with?

    Most of them say they had valid visas or work authorization.

    The U.S. has a visa waiver program where people can come into the U.S. without a visa, and have certain rights similar to visa holders. Many of the South Korean workers have taken the position that the visas they had that allowed them to work for 6 months, or the visa waivers they had entitled them to do temporary work for less than 90 days, and that they were within those time windows.

    The lawsuits being filed also allege that immigration officials acknowledged that many of the workers did have legal rights to work, but that they were deported anyway.

    So no, I don’t think it’s been shown that the workers did anything illegal. It really sounds like ICE fucked up by following a random tip a little too credulously.