News for hackers. Stuff that matters.
Re:A New Aristocracy [pdf] by analog31 on Thursday August 20, 2015 @01:39AM (#10090173)
The fact that poor people don't have high human capital is a separate issue.

It just moves the barrier.

It's the hard working, highly stressed, wealthy people who's children are raised well.... In contrast, the lower income people living a life of leisure are the ones who's children are raised poorly.

To be charitable, I'm betting that "hard working" and "leisure" have special definitions in this context.

Re:A New Aristocracy [pdf] by yummyfajitas on Thursday August 20, 2015 @02:17AM (#10090241)
Hard working = spends many hours engaged in work for pay.

By "life of leisure", I mean a life in which one does not need to work at all in order to have the necessities of life provided. This is the traditional definition of the phrase, no?

Re:A New Aristocracy [pdf] by analog31 on Thursday August 20, 2015 @08:29AM (#10091375)
No. I don't think a person who is living at a bare subsistence level would be said to be living a life of leisure.

Also, a person could have a seemingly easy job that pays a lot, or a hard job that pays little. In my view your distinctions are wrung to fit the point you're trying to make.

Re:A New Aristocracy [pdf] by yummyfajitas on Thursday August 20, 2015 @08:56AM (#10091507)
You seem to have confused the US with India.

Basically no one in the US is living at a "bare subsistence level". People with $0 in market income still consume approx $20k/year in the US, which is more than 3x the mean income (after adjusting for cost of living) over here. If $20k is "bare subsistence" then I should be surrounded by at least 500M corpses.