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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.