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.
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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.