Where are these bigger paychecks?
What’s a vacation?
.my vacations consist of binging pirated shows on public holidays
where’s that krugman post about how if you don’t count food, housing, and healthcare then inflation isn’t that bad
It’s been dunked on a bunch, but here’s the submission with the most comments
https://hexbear.net/post/1040996
Image description
Screenshot of a Tweet from Paul Krugman (Recipient of the 2008 Nobel Prize in Economics, New York Times columnist) dated September 15, 2023. The Tweet reads:
An inflation update: in the past I’ve focused on a measure that excludes lagging shelter and used cars as well as food and energy. Just to note that it adds to the evidence that inflation has been largely defeated
It is accompanied by a line graph titled “CPI ex food, energy, shelter and used cars” with months from January 2018 to May 2023 on the x-axis and “6 month growth, annualized” on the y-axis. Inflation hovers around 1% to 2% up until March 2020, at which point it drops precipitously to around -1.5%. It climbs steadily to a peak of 7% around April 2022, then descends at about the same rate to 2% in September 2023 (the time of the tweet).
It’s so idiotic, you’d think it was a bit
“If you exclude all the things necessary to live, the economy is doing great”
Which one
I asked a smart investor guy to break down young people’s spending into this pie graph: 50% rent/ 50% food, wow they’re not saving money!
Blaming the poors’ luxury spending for their situation in:
2007: Cellular phones
2024: Cellular respiration
My fridge is running low.
Bring me the head of whoever wrote this so I may feast.
Mindflayer corgi
Mindflayer corgi
Wow, you need groceries? Look at these ballers out here
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Ah yes, probably from the same school of thought that gave us “The young should stop eating out and having avocado toast”, and then when covid hit, “You should eat out to help out and have some avocado toast”
From “Stop wasting your money on the new iphone”, and then during covid to “You should buy the new iphone”
I’m regularly eating bread and olive oil like a 17th century peasant.
It’s nice bread though.
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Bro, this is the US. We don’t “believe in” vacations over here.
Something something avocados
Avocados are relatively expensive where I am, ~$1.50 a piece. An avocado is 240 calories. That’s 160 calories/dollar. To meet all of your calories for the day on just avocados that would be about $12.50 to $18.75, for 2000 calories and 3000 calories respectively. That’s pretty cheap, and I know they’re less than half that price if you go south a bit.
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groceries
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vacations
Interesting pairing
The old “Wayne Gretzky and Brent Gretzky have the most combined NHL goals of any brothers” gambit.
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Regarding “vacations” - the prevailing wisdom for basically my entire life has been “buy experiences, not things”. Do you really need a new [thing] when the [thing] you have works perfectly well already? Consider buying a train ticket instead!
This and “travel when you’re young, you won’t appreciate it as much when you’re older and you may not be physically able to do everything you dreamed”
I’m 33 and I just realized I’ve never actually gone on a real vacation. Whenever I “travel” and take time off it’s just to see family in another state. I’ve never like, gone to a tropical island and just hung out on the beach for a few days.
In all fairness, “real vacations” are a product being sold and advertised to you by the holiday industry. Taking time off at home and visiting friends and relatives is a perfectly fine use of vacation time.
I did this many years ago and it was so healing and my fog lifted from my brain and I had incredible energy, and then the day before I left I caught a cold in the hotel and fell asleep with my mouth open in 0% humidity and spent the next 2 weeks hunched over a keyboard with blood leaking from my mouth and lips and every benefit of the vacation was gone forever
I don’t want to be a doomer, but if you’re 18 and you’re planning on retiring in 50 years in a stable society by using paper that isn’t backed by actual value…do some research on global warming before you make your final decision…
using paper that isn’t backed by actual value…
The value of fiat currencies are backed by the state. In the absence of a successful global revolution achieving communism in the next 50 years, this retirement will have to be under a state.
Things of “actual value” i.e. food, water, shelter and the means of producing them cannot be hoarded in sufficient quantities to retire on with a state backing your ownership of these things.
Planning to retire in a stateless non-communist future is idiocy.
Global warming will either cause the collapse of near all modern states, or it won’t. Planning for the former eventuality is a fantasy because you can’t know how such an event will actually happen, where is safe, whether you can be safe and you also have no guarantee of being nearby whatever you have stockpiled when the collapse happens.
In the event that the world’s various states do survive the next 50 years, planning to retire with currency is probably fine, and it’s not any less safe a bet than anything else you can do individually.
The value of fiat currencies are backed by the state. In the absence of a successful global revolution achieving communism in the next 50 years, this retirement will have to be under a state.
Agreed.
Things of “actual value” i.e. food, water, shelter and the means of producing them cannot be hoarded in sufficient quantities to retire on with a state backing your ownership of these things.
I’m assuming you meant “without a state backing your ownership”. That was kind of my point, but I didn’t feel like writing a whole thing. If you’re living in the Maldives, for example, and saving Maldivian Rufiyaas for your retirement in 2075…do some research on global warming before you make your final decision. The state in which you’re earning backed-currency is not guaranteed to survive global warming to the extent that it can secure your stable retirement. You can’t eat money.
Global warming will either cause the collapse of near all modern states, or it won’t. Planning for the former eventuality is a fantasy…
Planning for global warming is a fantasy, as opposed to just completely ignoring it and planning on retiring like normal?
In the event that the world’s various states do survive the next 50 years, planning to retire with currency is probably fine, and it’s not any less safe a bet than anything else you can do individually.
My argument is that you can not reasonably expect all of the world’s various states to survive the next 50 years (and then the next 20 years after that while you’re “retired”). Building up community organizations, learning useful survival skills, and generally planning for the eventuality that your state won’t have the resources or willpower to meaningfully respond to natural disasters in your area are all pretty safe bets for long-term survival.
Planning to retire in a stateless non-communist future is idiocy.
I think you would be surprised how much of the world is going to be stateless and non-communist after decades of catastrophic climate change. Large portions of the planet will be generally unsurvivable.
But this is all essentially a sidebar to the point that I (badly) tried to make in the first place: If your plan is to work 40+ hours a week for 50 years so that you can earn your promised stable retirement, maybe set some extra time aside now to enjoy life while things aren’t fucked beyond repair, because that retirement is not a guarantee.
My “retirement” plan is more likely to include “dying in the water wars” than “cashing out my social security check every week from the U.S. Bank of Hawaii”.
In the event that the world’s various states do survive the next 50 years,
Unless your retirement account is a mix of multiple currencies held in person you’re banking (pun intended) on your particular government and financial institutions surviving for the next 50 years and not facing a single hyperinflation crisis. Even if you hold gold you’re banking on there not being a steep drop in the price of gold.
I would say if you can afford it at least keep stockpiles of stuff like dry rice (which lasts llmost indefinitely is stored right), canned food, maybe medicine.
