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Re:Two leading economists disagree about the flagging Americ... by badrabbit on Sunday May 17, 2020 @09:34PM (#23217269)
So being "gifted" should factor in? What if I and many others care about character and empathy much more than any intellectual capacity?

It's always been the idea and should be that those who do right,act honest and work hard even if they don't work smart, should have upward mobility, as in regardless of birth you can enter the lower mid-class tier. Obviously your talent and skill should and would determine your mobility to upper and upper-middle class.

Re:Two leading economists disagree about the flagging Americ... by sokoloff on Sunday May 17, 2020 @09:40PM (#23217310)
That was just one example, but yes, I’d certainly hope that being particularly gifted in some dimension of life would factor in to outcomes. Maybe that’s having a cannon of a pitching arm, outstanding musical or singing ability, or particularly strong academic performance.

Society benefits when the best scientists are working on science, the best mathematicians at math, the best musicians are performing, and even when the best athletes are playing pro sports. I’d like these talented people to be able to develop, showcase, and benefit from their talents without regard to who their parents are.

Re:Two leading economists disagree about the flagging Americ... by badrabbit on Sunday May 17, 2020 @10:01PM (#23217420)
You don't get it. This isn't about society benefiting but society stabilizing. If someone is dumb as bricks and has no meaningful talents or interests they use to be able to find some hard labor,manual work or low level trade jobs that lets them enter the lower middle class (under $50k/yr iirc). If a person is talented they would fare far better. This is very practical in the richest country.
Re:Two leading economists disagree about the flagging Americ... by SpicyLemonZest on Sunday May 17, 2020 @10:31PM (#23217616)
This claim would imply that, at some point in American history, every single person below the middle class was just a lazy bum who couldn't be bothered to get a good job. I'm not sure that's true and I kinda suspect you don't think so either.
Re:Two leading economists disagree about the flagging Americ... by badrabbit on Sunday May 17, 2020 @10:44PM (#23217721)
I don't think so either, the operating phrase there is "even if" ,and no,that excludes lazy people and criminals. Honest,law abiding and hard working would translate to a livable life however below average it may be. And it has always been a dream that only some live up to. For many classes of society,this has never been true.
Re:Two leading economists disagree about the flagging Americ... by throwafellow on Monday May 18, 2020 @12:45PM (#23224822)
If you chronically underpay and exploit people of lower class who aren't dumb as bricks then you create a class of lazy people and criminals who act that way because they are aware that they have no other choices.
Re:Two leading economists disagree about the flagging Americ... by brmgb on Tuesday May 19, 2020 @04:16AM (#23232543)
"what else is to be concluded from this, but that you first make thieves and then punish them.”

Thomas More, Utopia

Re:Two leading economists disagree about the flagging Americ... by zozbot234 on Sunday May 17, 2020 @11:21PM (#23217975)
> some hard labor,manual work or low level trade jobs

That kind of work is still valued, just less so than before. It makes sense to supplement low incomes with UBI or negative income tax, so that no one is denied a tolerably comfortable life. Our social safety nets are totally unfit for the present world, they're still built for the assumption that high-paying manual work is everywhere.

Re:Two leading economists disagree about the flagging Americ... by badrabbit on Monday May 18, 2020 @05:56AM (#23220418)
I don't disagree with your sentiment at all.
Re:Two leading economists disagree about the flagging Americ... by throwafellow on Monday May 18, 2020 @12:43PM (#23224780)
How would you reduce the polarization of the population between upper and lower classes?
Re:Two leading economists disagree about the flagging Americ... by badrabbit on Monday May 18, 2020 @01:18PM (#23225339)
The fact that a person in a lower economic class has a livable wage will solve many problems. Home ownership, affording a family and health care will east most economic friction. As far as social polarizarion, I think that's an entirely different topic,two people of high income can be socially and politically polarized for non-economical reasons.
Re:Two leading economists disagree about the flagging Americ... by sokoloff on Monday May 18, 2020 @04:27PM (#23227936)
I would suggest that a stable housing situation and outlook (even if not owned) might be sufficient on the housing side. Part of the renting problem in the US isn't the ownership arrangement, but rather the precariousness.
Re:Two leading economists disagree about the flagging Americ... by akhilcacharya on Sunday May 17, 2020 @09:56PM (#23217387)
And if you’re not exceptional in that narrow band kick rocks?
Re:Two leading economists disagree about the flagging Americ... by sokoloff on Sunday May 17, 2020 @09:59PM (#23217409)
If you’re the average person, I think it’s reasonable to expect an average outcome. In the modern world that should still be quite an enjoyable life, but for self-evident reasons, I would not expect everyone to have an above-average life.
Re:Two leading economists disagree about the flagging Americ... by akhilcacharya on Monday May 18, 2020 @02:25AM (#23219022)
Yikes. Mask really coming off here.

I hope those of us that didn't go to MIT like you have a place in this society.

Re:Two leading economists disagree about the flagging Americ... by esotericn on Monday May 18, 2020 @08:07AM (#23221297)
He's literally saying that a 49th percentile person will definitionally only be able to have a 49th percentile life under any system.

Well, I suppose you could perform random shuffling. 50% of people will still end up with a below average outcome, though.

Re:Two leading economists disagree about the flagging Americ... by sokoloff on Monday May 18, 2020 @08:37AM (#23221534)
Re:Two leading economists disagree about the flagging Americ... by throwafellow on Monday May 18, 2020 @12:47PM (#23224851)
What is a 49th percentile person measured by if not the fact that they have a 49th percentile life?
Re:Two leading economists disagree about the flagging Americ... by esotericn on Monday May 18, 2020 @01:07PM (#23225175)
Precisely.
Re:Two leading economists disagree about the flagging Americ... by akhilcacharya on Monday May 18, 2020 @08:37AM (#23221545)
Except of course he only really provided examples of “gifted” people breaking through. I’m not gifted and have the college diploma to prove it - where does he think the ceiling should be for me I wonder?
Re:Two leading economists disagree about the flagging Americ... by esotericn on Monday May 18, 2020 @08:46AM (#23221615)
You're the one talking about ceilings.

His point is that true social mobility would be literally hitting the random button repeatedly. It's obviously not a workable idea.

Someone has to lose, even if you perform a magical full reset once per year, in any given year half of the people will be below average.

The goal of course is that we make sure that everyone has a decent life even if they're not at the top.

I think you've jumped on his comment and assumed that he doesn't care at all about anyone who's not in the top N% which isn't a charitable reading.

Re:Two leading economists disagree about the flagging Americ... by sokoloff on Monday May 18, 2020 @08:43AM (#23221591)
I'm not even sure your argument here is in good faith, but I'll take one more shot at it.

Holding a 4-year bachelors degree puts you in about the top 1/3rd in academic outcomes (meaning you personally are 50/50 to be in the top 1/6th).

It's not for me nor anyone else to define your ceiling, but I would expect based on the limited data presented and, to the extent that academics is a predictor of outcome, that your outcome would be quite likely to be above the average. That you're engaged on news.yc is another generally positively correlated term I would think.

Re:Two leading economists disagree about the flagging Americ... by unclebucknasty on Monday May 18, 2020 @03:15AM (#23219294)
So, tying this into your previous comment, you've said that society is better off when "parents scrimp, save, and sacrifice" for their children, but many should expect their children to have average or even subpar/unenjoyable lives, regardless of that sacrifice.

Doesn't sound like a desirable society.

Re:Two leading economists disagree about the flagging Americ... by sokoloff on Monday May 18, 2020 @06:42AM (#23220722)
What’s the alternative? That parents don’t invest their time, money, and attention on their children, instead hedonistically consuming every last bit of whatever they have for their own adult pursuits?

I see every increment of improvement a parent (or other guiding figure) helps a child to achieve as being like a small hammer tap improving the future for that child and the society in which they will go on to live.

The fact that, regardless of anything anyone does, many will lead an average life is just straightforward application of the Intermediate Value Theorem. To be clear, I said “average” not “unenjoyable”; in fact, I tried to quite explicitly/literally say the opposite, but perhaps my words were chosen poorly or otherwise misled the reader.

A large number of these small hammer taps though can improve that average greatly over time, as we’ve experienced over the generations since humans have lived in societies. In about 14 generations we went from first proving the Earth revolved around the sun to landing humans on the moon. Fourteen! Four generations from the patent of the telephone to the release of NCSA Mosaic. Four! One more generation and most of us are carrying around Star Trek communicators that we can use to argue with each other about how to best shape educational processes for societal benefit.

The pace and inexorability of academic and technical progress blows my mind. I think we should be very cautious about disrupting that in the pursuit of perfect equality of outcome.

Re:Two leading economists disagree about the flagging Americ... by unclebucknasty on Monday May 18, 2020 @06:30PM (#23229142)
>What’s the alternative? That parents don’t invest their time, money, and attention on their children, instead hedonistically consuming every last bit of whatever they have for their own adult pursuits?

Of course parents should invest in their kids and try to give them every opportunity. But, there's a big difference between parents investing in their kids and advocating a status quo that every parent "scrimp, save, and sacrifice" to give their kids a fighting chance. It's a poor design.

One, it will invariably leave some kids behind, especially given our current wealth disparities. And, yes, even some "gifted" kids will be left behind.

Two, giving kids opportunities shouldn't bury parents and push them to the brink. Education is too high. Housing is too high, etc. In many cities, housing costs are driven by a desire for areas with better public schools, pushing them so high that they are out of reach for many.

So, no amount of scrimping, sacrificing, etc. will allow people of certain income levels to provide their kids certain opportunities. They're doing these things just to survive.

Three, there is an opportunity threshold that provides for a minimum reasonable expectation for a good quality life. Beyond that, it's largely incremental. For too many, that minimum threshold is uncrossable, irrespective of their best efforts.

And, this doesn't even speak to the fact that stressed out parents working multiple jobs to provide these opportunities spend less time with their kids--that being a proven marker of outcomes.

The result: what you advocate is unhealthy and unworkable. This "scrimp & sacrifice" scheme is sub-optimal for both personal fulfillment and maximizing social contributions. Both things are necessary for a happy, thriving society.

Elsewhere you said you'd like to "ensure people of all conditions can develop their potential". Advocating that each parent scrimp & sacrifice is in direct opposition to this.

>To be clear, I said “average” not “unenjoyable”

You also said:

>If you’re the average person, I think it’s reasonable to expect an average outcome. In the modern world that should still be quite an enjoyable life

If average people have average outcomes, leading to an enjoyable life, then it stands to reason that "below-average" people will have below average outcomes, leading to...what exactly?

I think you want to sweep that under the rug b/c it doesn't comport with your "hey, if all parents just scrimp & sacrifice everything will be OK" proposition.

In all, your theories about how things should work necessarily omit the existence of a large portion of the population: everyone is somehow "average" and above, providing an "enjoyable" life for all, and parents investing in their kids means foregoing one extra Starbucks run per-week.

Re:Two leading economists disagree about the flagging Americ... by sokoloff on Tuesday May 19, 2020 @09:19AM (#23234540)
You raise several excellent points and thank you for taking the time. I was wearing slight blinders on some points.

On the average life point, I think you're reading something into the text that isn't there. I think 95% of people or more have enjoyable lives. Everyone enjoys eating and socializing with their family and friends. Absent terrible health issues, most everyone can have an enjoyable life and those who don't probably are limited by medical, psychological, or other factors which are typically not primarily educational/financial.

Stating that the average life is quite enjoyable doesn't imply to me that the 25th percentile or 10th percentile life is dire. Both of my grandfathers had relatively tough lives, certainly much more difficult than my parents or my own. Both of them also seemed to relish every month and every year and enjoy it, even if they didn't enjoy every single hour (neither do I).

It would be as if saying "the average RGB pixel color of your screen is #aaaaaa, which is still quite bright" led to the conclusion that a great many pixels on the screen were #000000 and that's unfair.