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Re:Does Market Timing Work? by sandworm101 on Sunday October 08, 2023 @11:39AM (#37811432)
>> 1 - People should be able to retire.

Why? Retirement is a very recent phenomena. The idea of someone earning enough during their working life to then fund several decades of non-working life is a very modern thing, maybe only the last sixty years or so. Only a very rarified few were ever wealthy enough to actively stop working prior to becoming physically unable to work. And then, for most all of human history, those too old to work lived out their remaining few years being taken care of by their children. I'm would not casually assume any "right" to the modern concept of retirement.

Re:Does Market Timing Work? by LapsangGuzzler on Sunday October 08, 2023 @12:24PM (#37811844)
You could apply this argument to so many modern workforce changes, for example, the 40-hour 5-day workweek. Throughout history, most workers have not had the kind of rights that they do today.

I think we all deserve to make progress on things like retirement instead of making arguments like this. Sure, retirement hasn’t always been a guarantee, but can we agree that this isn’t a good thing?

We never question the desire to innovate in how to make money, but we’re often very quick to dismiss the idea that we can also dream to innovate society in a way that’s decoupled from profit, which is sad.

Re:Does Market Timing Work? by bumby on Sunday October 08, 2023 @12:48PM (#37812100)
While I agree that most of society should be the beneficiary of productivity gains, I’m not sure retirement is still a net positive. It seems like a lot of health and well-being is related to being a valuable member of society and fortunately or unfortunately, for many, work provides that function.
Re:Does Market Timing Work? by LapsangGuzzler on Sunday October 08, 2023 @01:00PM (#37812260)
> and fortunately or unfortunately, for many, work provides that function.

I agree with this, but the problem is that there is no guarantee of work being available to everyone. With the rise of AI and hyper-specialization of work, that problem is only going to get worse.

Re:Does Market Timing Work? by bumby on Sunday October 08, 2023 @01:18PM (#37812441)
I see the problem but have a hard time squaring it with history. Decades ago I had an old professor who spoke about how he was tasked, as a student decades prior yet, to write a report on what people will do with all their free time due to automation.

And yet, here we are with people still working many hours on average and many jobs going unfulfilled. I personally think it’s a problem with our relationship to work, rather than limited opportunity for work. Humans seem to have an insatiable apple for more, which requires continued amounts of work to be done. I think the bigger problem is getting people to have the skills to do the jobs that will still need to be done.

Re:Does Market Timing Work? by AnthonyMouse on Sunday October 08, 2023 @02:52PM (#37813303)
> I agree with this, but the problem is that there is no guarantee of work being available to everyone. With the rise of AI and hyper-specialization of work, that problem is only going to get worse.

The key here is to make sure that automation and cost efficiencies make it through to the production of necessities, and we don't prop up artificial scarcity.

There are an effectively unlimited number of jobs that employers would pay someone $0.01/hour to do. Not as many that employers would pay $100/hour to do. So if you need to make $100/hour to afford housing and medicine, that's a problem. But if we reduce the artificial scarcity and regulatory overhead in these industries, so you only have to make $5/hour to afford them, we're in a much better place. And all the better if lower costs allow someone to make a living at $2/hour.

AI and automation can help to reduce those costs. As long as they're in the right places (i.e. production of necessities) and we don't have regulatory capture preventing it from happening there.

Re:Does Market Timing Work? by bumby on Sunday October 08, 2023 @03:23PM (#37813606)
How do you see automation helping housing? I work in an org interested in 3D printed structures and it still seems a long way off. Or are you looking at improvements in logistics that make it easier to live in less expensive areas?
Re:Does Market Timing Work? by AnthonyMouse on Sunday October 08, 2023 @03:33PM (#37813684)
It can be more than one thing. But one of the interesting possibilities for housing is modular construction. You mass produce homes on an assembly line as walls prefitted with plumbing and electrical, put them on a truck and snap them together at the site. Now you can produce them wherever labor costs are low and assemble them in a matter of days or weeks rather than months or years.

This doesn't get you out of zoning restrictions but could allow you to recover from their historical effects more quickly after zoning reform is achieved.

Re:Does Market Timing Work? by toast0 on Sunday October 08, 2023 @11:30PM (#37816650)
People keep saying this, and it keeps not happening in a significant way as described. Trucking assembled parts is harder than trucking the parts, which tends to limit the distances assemblies are trucked. It becomes cost efficient to truck construction workers (even if it's not great for the workers).

That said, some assemblies have become pretty common, I think preassembled roofing trusses are frequently used in favor of framing on site.

Re:Does Market Timing Work? by AnthonyMouse on Monday October 09, 2023 @12:29AM (#37816936)
> It becomes cost efficient to truck construction workers (even if it's not great for the workers).

This gives me a different idea and I wonder if it's worthwhile.

There are industrial robots that e.g. mass produce cars. Suppose you make one to mass produce housing, but instead of putting it in the factory you put it on the truck. Put it on the construction site. It takes a pile of lumber, cuts it to length and turns it into walls, puts the pipes and wires through the walls etc. This is the kind of thing that existing industrial robots can actually do if you program them appropriately.

Then you send it across the street to put together another building. Assembly line, but the products are big so instead of moving the products to the next station you move the robots.

Re:Does Market Timing Work? by bumby on Monday October 09, 2023 @08:46AM (#37819883)
I’ve worked on those robots that mass produce cars. The idea that you can ship them from site to site doesn’t really work. They require a lot of support infrastructure. The use a lot of large parts (dies in the case of cars) that are heavy and must be constantly swapped out. They require a lot of constant tuning that would likely be made worse when subjected to the vibrations of transit. They require whole specialized teams just to maintain.
Re:Does Market Timing Work? by AnthonyMouse on Monday October 09, 2023 @09:40PM (#37827655)
Those sound like things that are actually specific to cars, which operate on metal with tight tolerances because it e.g. has to hold compression in a cylinder.

Houses are made out of wood and tolerances are measured in centimeters if not inches.

Re:Does Market Timing Work? by bumby on Tuesday October 10, 2023 @08:27AM (#37831189)
This sounds like conjecture from someone who hasn’t worked in construction or automation. I’ve worked in both. Problems generally seem much simpler when we don’t have much experience with the nuances and details of execution.
Re:Does Market Timing Work? by kelnos on Sunday October 08, 2023 @03:41PM (#37813746)
[delayed]
Re:Does Market Timing Work? by bumby on Sunday October 08, 2023 @04:04PM (#37813942)
I think you missed some of the nuance in the statement. It is not advocating for staying in the grind forever.

But for many retirees, they have never developed the mechanisms to continue being a productive member of society without structured work. The net result is a general drop in well being and health in their “golden” years.

Also, i made a comment where I think our relationship to work needs to change. I think that speaks to your point. I don’t think a false dichotomy between “working for the capitalist overlord” and “doing whatever I want” is what I was after.

Re:Does Market Timing Work? by FooBarWidget on Sunday October 08, 2023 @03:38PM (#37813720)
Retired people can provide a lot of value in ways that can't be expressed in money. A lot of parents will be fscked if they don't have grandparents to help out with kids.
Re:Does Market Timing Work? by pjlegato on Sunday October 08, 2023 @01:07PM (#37812324)
Too many people here use the drive-by "downvote" as a means of expressing their disagreement. This comment is a perfectly rational and polite contribution to an on-topic intellectual discussion of retirement, yet has received a large number of downvotes.

People, if you disagree, that's fine, but make some kind of a (polite, rational) counterargument rather than abusing "downvote" to express your visceral disgust at becoming aware of an opinion that differs from your own.

Re:Does Market Timing Work? by bumby on Sunday October 08, 2023 @03:35PM (#37813703)
Also, to tag in, I believe downvoting is best to mark something that goes against the HN guidelines rather than just a sentiment you may disagree with.
Re:Does Market Timing Work? by FooBarWidget on Sunday October 08, 2023 @03:36PM (#37813705)
Several decades? In Netherlands retirement age is 67. Will probably be 70 by the time I retire. Males live 75 on average so that's less than a decade of retirement.
Re:Does Market Timing Work? by kelnos on Sunday October 08, 2023 @03:39PM (#37813726)
Why not? Why is working all (or nearly all) of your life the default?

I forgot which, but one of the more popular economists of the last century believed that, with productivity gains, people would be working much, much shorter work-weeks by now.

He was only sorta wrong: the productivity gains did actually happen, but we decided to use the extra time to do more work, not do the same amount of work and take the rest in leisure.

There's nothing that says that we as a civilization couldn't decide to slow down and relax more. I know that this won't happen; capitalists run the world, and they'll never accept this sort of arrangement. But it's not like this is some sort of inherent natural must-do state of existence.