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Re:How People Get Rich Now by thegrimmest on Monday April 12, 2021 @02:21PM (#26783062)
> If people are feeling more volatility

Do you think this feeling is reflected in actual risk though? If so, how would you quantify it? If not, shouldn't we expect/teach people not to feel so volatile and be more grateful and content?

Re:How People Get Rich Now by lotsofpulp on Monday April 12, 2021 @02:28PM (#26783152)
Yes, the easiest way to see it is in the lack of income security and wage stagnation for the vast majority. You have to hustle, your employer may not be around for your working lifespan, or they might be obviated by cheaper labor from overseas and/or technology and automation.

Edit: Another example is health insurance is tied to your employer in the US. It costs anywhere from $400 per child per month to $1k per month per adult, with a $17k out of pocket annual maximum. Imagine you've scraped together some savings for a house or a business or kids' education, and a wage earner becomes ill or injured, and can't work. Now you have giant expenses coming your way at your most vulnerable, and government help from Medicaid (for subpar quality healthcare) doesn't kick in until after you've exhausted all your assets, so you are at risk of getting sent back to square 1.

Re:How People Get Rich Now by thegrimmest on Monday April 12, 2021 @02:35PM (#26783260)
Doesn't the article point out that this is pretty much the normal condition of life, with a brief interlude from the 50s into the 80s? Yes, life is unpredictable, bad things happen for no reason. This is a moral condition we all have to accustom ourselves to. I'd speculate that the pain our society seems to be going through now represents a correction towards the normal condition, and that we should adjust our expectations accordingly.
Re:How People Get Rich Now by lotsofpulp on Monday April 12, 2021 @02:48PM (#26783446)
The gist of your original comment was that life has been getting better for everyone. But if you also claim people need to adjust their expectations downward, then some things are not getting better for everyone.

I know that people from the 50s to the 80s didn't have internet, healthcare technology, medicines, smartphones, etc like today. But obviously there is something to be said for the stability or utility of knowing that your children will most likely have a better future than you did, and the demise of this fact (or belief) is causing friction in society.

Re:How People Get Rich Now by thegrimmest on Monday April 12, 2021 @02:59PM (#26783598)
> stability or utility of knowing that your children will most likely have a better future than you did

Depends on how you qualify "better". By the listed measures, this is still the case. By available land/population this is clearly not. Do we have any reason to believe our children will not have better healthcare, nutrition, access to information, etc than we do?

If we don't, then what justification is there for agitation?

Re:How People Get Rich Now by lotsofpulp on Monday April 12, 2021 @04:16PM (#26784598)
>By the listed measures, this is still the case.

What measures? The ones in your original comment?

>healthcare, education, sanitation, nutrition, shelter, comfort, convenience, etc.

In the US, you can trace all of these back to wages, especially since healthcare is tied to your employer in the US, and you can look up any a variety of data to show that wages stagnated decades ago, length of tenure at employers decreased, increased participation in "gig" economy and service industry which don't offer benefits (i.e. loss in wages), consolidation of growing economies in fewer areas of US resulting in cost of land rising disproportionally to income, etc.

> Do we have any reason to believe our children will not have better healthcare, nutrition, access to information, etc than we do?

I don't know who "we" is here, but it's reality for people who spent 20 to 30 years at a manufacturing facility that was then outsourced and who now live in a town with no significant business, whose kids' only hope is to use college to boost themselves into an in demand career, but that involves moving to a HCOL area where they now have to sink a significant amount of money into their land purchase (house) to establish themselves, away from the rest of their family.

>If we don't, then what justification is there for agitation?

I don't know what other sources of information you want, but I know pretty much everyone in my parents' generation got married, had kids, raised families, and now the number of people that are coupled up is around half in my family and friends, and those with kids by mid 30s is even lower, maybe a third.

There's shortages of healthcare providers in rural areas because no one wants to live there, there's more and more competition for in demand areas as everyone tries to get in before they can't afford it.

This is all volatility. This didn't happen when everywhere was growing, but this happens when you have a divergence, and you're either on the upswing or the downswing.

Re:How People Get Rich Now by thegrimmest on Monday April 12, 2021 @07:16PM (#26786337)
> In the US, you can trace all of these back to wages

This seems to disregard the trememdous advances in all the fields of healthcare made in the last 40 years. Treatments are readily available for diseases which were previously death sentences. Treatments that were prohibitively expensive in 1980 are cheaply available today. Once we factor this into our analysis I don't think anything has stagnated.

> whose kids' only hope is to use college to boost themselves into an in demand career

What about trade school? There's a shortage of construction labour and skilled trades throught the country.

> have to sink a significant amount of money into their land purchase (house) to establish themselves, away from the rest of their family

I don't recally anyone being forced to buy houses. Plenty of folks raise families in apartments. I myself was raised in one. Yes when you live in a metropolis you can't afford as much space. And?

> and now the number of people that are coupled up is around half in my family and friends, and those with kids by mid 30s is even lower, maybe a third.

And how much of this would you attribute to people making different choices and having different priorities? How would you control for people's willingness to be poorer and still have children?