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Re:Parents' income, not smarts, key to entrepreneurship by tsimionescu on Thursday January 28, 2021 @02:38PM (#25947790)
> So I would argue that you do see more innovation from poor families than rich families. After all, rich families have no need to innovate, they just throw money at problems until they go away.

This is not something to argue about, this is something that that we should measure.

Re:Parents' income, not smarts, key to entrepreneurship by umvi on Thursday January 28, 2021 @02:51PM (#25948008)
And how do you measure innovation in poor families? Does jerry-rigging your car to work using duct tape and aluminum cans count?
Re:Parents' income, not smarts, key to entrepreneurship by tsimionescu on Thursday January 28, 2021 @03:46PM (#25948937)
In the discussion here, I am assuming innovation refers specifically to innovative products and business ideas, not stuff that remains confined to your close family.
Re:Parents' income, not smarts, key to entrepreneurship by umvi on Thursday January 28, 2021 @05:44PM (#25950591)
Well yeah, you probably aren't going to get a lot of business innovation from the poor, but because they are resource constrained, you'll see innovation in other forms - such as how they adapt to broken cars, appliances, shortage of food, clothing, etc. The rich have no need to come up with novel ways to mend shoes - they just buy a new pair.
Re:Parents' income, not smarts, key to entrepreneurship by tsimionescu on Friday January 29, 2021 @01:27PM (#25960567)
Well, this whole thread started from your claim here:

> From what I understand EU has way better social safety nets, yet much smaller entrepreneurship rates compared to USA.

> Counter-intuitively, limitations drive innovations.

It seemed like you were claiming that people with fewer resources may counter-intuitively do more innovative businesses, so providing people with UBI or similar resources could reduce innovation in entrepreneurship.

The inventiveness you need to thrive as a poor person is very different from that, and I don't think losing that kind of inventiveness would be a real loss in our world.