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Joined 2 years ago
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Cake day: August 14th, 2023

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  • Housing, education, and healthcare costs have grown much faster than inflation.

    Food, energy, cars, appliances and home goods, furniture, apparel, and other durable goods have generally grown slower than inflation, at least between 1980 and 2020. Much of the last 5 years of inflation, though have eaten away at some of those gains of the previous 30-40 years in those categories.

    Electronics, technology, entertainment, most services have generally gone down in price.

    So the basket of what we buy is different, with different ratios. A time traveler from the 80’s would be shocked to learn just how many ready made rotisserie chickens or pizzas you could buy for the wage equivalent to one hour of warehouse work, or how many big screen TVs you’d need to pay the average monthly rent for a 1-bedroom apartment. Plane tickets between New York and LA are basically cheaper than one month’s rent in the cheapest possible home you can find in either of those cities. The ratios are all different than before.

    But with housing costs high, it kind of puts all of the effort into that single basket. When it used to be that 1/3 your income could comfortably go into housing costs, now in many cities it’s closer to half, even for people up the income scale, because the rest of life beyond having a roof over your head is just cheaper in comparison to that very basic need for shelter.





  • The topic of the original posted screenshot is about inter-generational financial advice. I’m pointing out the need for intellectual humility when talking to a younger generation, by identifying a specific cognitive bias that tends to trip people up. And because this particular bias forms through experience, it tends to apply more to people with longer experience (that is, people who are older).

    I thought my original comment wasn’t judgmental, and didn’t even purport to claim that all (or most) old people actually fall victim to the bias, to where they’re acting upon that bias. I’m just pointing out that it’s something to look out for, and to keep in mind, if you’re ever in the position to be giving younger generations financial advice.

    Coming in here and trying to defend old people against an imagined attack is, frankly, off topic and not particularly helpful.


  • “Blame” means to attribute for some negative result. There’s no assigning fault here, just an observation, and an explanation behind that observation.

    If I said “Bob is a fucking idiot,” that’s not blaming Bob for anything.

    So yeah, I stand by my explanation behind the observation in OP’s screenshot: that people tend to draw on past experiences even when those experiences are no longer as relevant, or are even actively misleading. And that the phenomenon I describe (that not all prices inflate at the same rate or preserve the same ratios to each other) exacerbates the problem.



  • There’s a famous Agatha Christie quote where she mentions that when she was young, she never imagined she’d be rich enough to own an automobile or poor enough to not have servants in her house. At some point, the affordability of one shot way past the other.

    In my lifetime, I’ve seen huge cost increases in housing, and huge cost decreases in most technological products. When I was a kid, the normal TV size was something like 20 inches, and cost more than a month’s rent for a typical apartment. In 1990, the average rent was $447, according to this. I found a Sears catalog from 1989 with a 25 inch TV selling for $549, and a 20 inch TV for $318. It would be hard to convince someone from 1990 that one day the cheapest, shittiest apartments in the poorest neighborhoods would rent for more than a 60-inch TV per month. Or that the typical ambulance ride costs something like a month’s salary of a factory worker.

    That’s the real problem with old people’s sense of money. The human tendency is to assume that all products cost the same multiple of those products prices in their early adulthood, so the luxury products of their youth remain the luxury products of today. These old people are stuck in some kind of Agatha Christie style of cost comparison, without the self awareness, and thinking that someone who owns a cell phone should be able to afford to buy a single family detached house, or couldn’t possibly be bankrupted by a single Emergency Room visit.


  • It’s nuanced. From your source (and consistent with the copyright laws in my country, the U.S.):

    Copyright does not protect information about the ingredients or cooking methods.

    The functionality of a recipe isn’t copyrightable. The layout and the precise diction used, the explanations given (including editorial choices about where to put those explanations in the recipe) might be copyrighted.

    So maybe the appropriate way to be safe is to do what some software companies do with their “clean room implementations,” and define the ingredients and steps in a robust way, and ask someone who hasn’t seen the original recipe rewrite those steps in their own words.

    Of course, two can play at that game. A PR push, plus a re-listing of literally every recipe in the bestseller cookbook, using the exact same clean room technique, could get that whole cookbook published on the internet for free, with no compensation to this plagiarist or her publisher.



  • Black Panther - the villain is an extremist with a point. Killmongers desire for revenge and modes go too far. He should be better, like the royal family are. Luckily Killmonger inspires the legitimate authority to make a choice to do more and be more benign. Maybe he just should have trusted in the legitimate authorities all along and stayed inside the social bounds… Which had not made change until his use of force and theft?

    That basic theme and tension is present in a lot of black American discourse, of how much to work within the rules of the system and how much to actually violate the rules of the system in order to effectuate change. You can place a lot of the black civil rights icons onto the spectrum of how to use law breaking or violence as means to protect or advance black rights.

    During the abolitionist era before the Civil War, David Walker called on slaves to physically overpower and literally kill their masters, and Henry Highland Garnet advocated for violent rebellion to overturn slavery.

    Post-emancipation, anti-lynching advocate Ida Wells called on black families to arm themselves, to provide the protection that the law would not. Malcolm X also advocated for self defense, and predicted violence as the inevitable consequences of continued oppression of black Americans (which some took to mean he also advocated for initiating violence to advance black rights “by any means necessary,” but I personally think those views ignore nuance and context).

    Each of these controversial figures often had a more nonviolent contemporary who advocated for less violent means to win hearts and minds.

    Black Panther’s writer and director, Ryan Coogler, definitely knows all of this. He’s steeped in black history, both the history itself and the history of the art and literature and discourse around those topics. Placing that conflict and tension at the center of a freaking Marvel movie, designed to be a high budget blockbuster, was basically a work of genius.

    The movie itself ultimately takes the side that coexistence is a better goal than reversing the subjugation, to oppress the former oppressor. But that doesn’t really much fit within the debate of this original comic, of whether the superhero movies advocate for preserving the status quo.








  • There’s literally been bipartisan efforts to expand the child tax credit ($1000 per year baseline, expanded to $2000 for 2018-2025 and expiring this year, plus COVID era provisions or up to $3000 or $3600 for 2021), and the bills to do so keep dying without a vote.

    If they were serious about this they’d expand the 2021 program to where parents were getting $300 checks every month, and make that permanent and indexed to inflation.

    So much of the Trump presidency is announcing a new program that sounds good, but isn’t even enough to make up for a program that he already killed.