[Kung Fu Monkey -- Ephemera, blog post, March 19, 2009]”
The archetype of a glorious manager who goes on strike which makes everybody very very sorry they ever doubted them isn't one that I'm super familiar with.
I wonder if Carmack has ever looked at a graph of US wealth inequality.
Or played Bioshock.
But that's a nice hypothetical you've got there.
https://fee.org/articles/the-myth-that-the-poor-get-poorer-w...
Median wealth was the same in 1995 as it was in 2016 [0].
Median inflation adjusted household income was the same in 1974 as in 2016 [1]. If you go the full range it's gone from $54k to $67k between 1968 to 2021.
That is technically higher, but it's not CPI adjusted.
[0] https://www.pewresearch.org/social-trends/2020/01/09/trends-...
Learn these things before you try to engage in conversations about this topic:
The difference between income and total compensation.
The difference between income and wealth.
The dynamic nature of economic mobility over the course of someone's life. (Older people have more human capital and therefore more wealth).
Fun fact Denmark is one of the most wealth unequal countries.
I clicked 10 or so citations that all went to the same guys blog where he at best had skewered pew research I sourced directly instead.
> Learn these things before you try to engage in conversations about this topic:
> The difference between income and total compensation.
If you have data on median compensation (outside of regular income) we can discuss it. It would however already be represented in wealth data, so it seems negligible.
> The difference between income and wealth.
Which is why I provided both.
> The dynamic nature of economic mobility over the course of someone's life. (Older people have more human capital and therefore more wealth).
How is this relevant to median income/wealth measured over time? It's not measuring one person's wealth growth, but a time series of snapshots of everyone's (meaning all ages).
>How is this relevant to median income/wealth measured over time?
Because the age and dominant generation of the population massively affects the median household wealth. It's why the median wealth of Japanese Americans is significantly higher than Hispanic Americans. The median age of the Japanese American population is almost double that of Hispanic Americans.
He's a global warming denialist often citing Daily Mail as a source. I know who he is. "just a guy" would've honestly been a better resume. What he is not is a primary source or a good source of unbiased anything.
> Because the age and dominant generation of the population massively affects the median household wealth. It's why the median wealth of Japanese Americans is significantly higher than Hispanic Americans. The median age of the Japanese American population is almost double that of Hispanic Americans.
Ok, median age in the 1990s was 32.9, and 37.9 in 2016 [0], so the wealth being the same means it actually shrunk even more since older people should have more. Got it. Thanks for clarifying.
[0] https://www.statista.com/statistics/241494/median-age-of-the...
Oops I guess the Senate finance committee fucked up then
https://medium.com/beyond-pen-and-paper/the-poor-arent-getti...
So we have this scenario where either
1) you can't explain how my points are wrong, and direct me to read some blogs you like.
2) you don't want to
In either case, why are you even responding? If everything on the internet is self-explanatory, everyone should agree. So why aren't we? This is why we explain how something is wrong, and support it using data from mutually reliable sources. You repeatedly sidestep this, for whatever reason I don't know.
It's a myth that the poor get poorer. Market economies are not zero sum. Whether or not you want to explore that seriously or just participate in an exercise of confirmation bias is, again, not my problem.
All you've provided are ad hominems against sources that directly counter your initial contentions without sincerely examining the information or data contained within. I'm not interested in hearing your regurgitated, scripted nonsense on this topic that every ignorant believer in this myth spews out. I've participated in this conversation too many times to be surprised by how it goes or the points made. Nothing you've stated is new, unaccounted for, or unexplainable if you'd spend 5 minutes challenging your world view. It's not my job to provide sources only you approve of.
> Mate there's CBO, BLS, Journal of Economic Research, IMF, and several academic study citations in the video, post, blog, and all over the internet.
Yet the only thing you've linked is a blog and a medium post, not IMF, or BLS or the sources you seem to agree are reputable. Why is that? Is it because they don't say the things your blogs claim they do?
The author cites his own blog, which also cites his own blog. Almost all the citations in his blog are to his own blog. One single link in the article did not go to his own blog but instead went to a video at reason.com. This is not a pattern which gives confidence in the material.
Atlas is a punchline for a reason.
My favorite short book (non-fiction) covering from the last days the Tsars through the remainder of the Soviet period (the period that shaped Ayn) is A History of the Soviet Union from the Beginning to the End, by Peter Kenez.
If you see those archetypes around you then you seriously need to learn some empathy which Rand clearly lacked. Let me sum up the book: "There are people who are so smart, if they left the world would collapse and everyone will die. Let's do that."
The ego of thinking that the whole world depends on you and your big brain is something a lot of people in tech need to grow out of. It's toxic and so is Rand.
I had a similar reaction when I read Battlefield Earth a few years ago. It struck me as an overly-long, painfully generic scifi novel. It wasn't unique enough on any level to justify either love or hate.
Sure, you may not like grammar or the wordiness or the characters but the ideas - those are what you’re reacting to.
Now, a question to HN: who here actually read Lenin, and works of his original party mates?
A picture far from a hippie paradise they draw. The Strong subjugate the Weak through natural right, and those weak are not your poor workers, but your idle intellectuals, nobility, aristocrats, social democrats, and much of white collar workforce, which would've included you.
Muscular proletarians band together to build a dictatorial regime, and go crushing "weakling classes" just because they can.
I agree her abhorrent message was "the strong subjugate the weak through natural right", but Ayn Rand very clearly believed that poor workers were the weak and rich white-collar businessmen were the strong that deserved to subjugate them. That's completely different than Lenin's view. There are many flavors of asshole and just because both Rand and Lenin were assholes does not mean they saw eye to eye at all.
The ideas espoused by Ayn Rand are absolutely unconscionable and I'd argue anyone who doesn't see the "Atlas Shrugged" effect, where impressionable readers tend to become hyper-assholes for months (or the rest of their lives) after reading it, they are paying less attention than those who don't notice all the John Galts around them. Of course that upper-middle-class white male whose parents are paying for his college tuition is a John Galt, and of course all those Hispanic sons of migrant workers are stupid dirty lazy nobodies who should worship him. Aren't you paying attention!?
This is yet another case of yet another rich person saying we should all be deeply grateful they're bestowing their diving Jobs upon us and we should all worship them and not get angry when they don't pay taxes.
Conversely, my favorite people have called her "one of the most evil figures of modern intellectual history", and the like.
And she was clearly a massive, massive hypocrite.
Atlas Shrugged popped up in a trend, reminding me of the remarkable level of vitriol against it. It is obviously grinding an anti-collectivist axe, and it can fairly be called cartoonish, but if you can't see its archetypes in the world around you, you aren't paying attention.
I can easily understand people not liking the book, but the level of loathing that some show for it is odd, as if someone could go off on a rant and redline judge everyone who enjoyed the movie Wall Street as obviously terrible people.
https://twitter.com/ID_AA_Carmack/status/1478389565094256642