There's an important social reason incomes aren't rising in America

a reply to: toysforadults

Then we'll lock in the human misery like every previous centralized planning experiment has demonstrated.

Re XRP, it's not a bad gamble. But it still seems early to see who the winners or losers will be on the crypto landscape.

Show me. Cause we are waiting huge profits on employee appreciation if your right.

a reply to: rockintitz

My idea of a perfect world is one where everyone works selflessly. Where we live the life of servants therefor all of our needs are met by acts of selflessness by others.

Sort of a heaven of sorts.

I realize this is currently unbelievable.

Neither shall they say, Lo here! or, lo there! for, behold, the kingdom of God is within you.

-Jesus

Have this attitude in yourselves which was also in Christ Jesus, who, although He existed in the form of God, did not regard equality with God a thing to be grasped, but emptied Himself, taking the form of a bond-servant, and being made in the likeness of men. read more.
Being found in appearance as a man, He humbled Himself by becoming obedient to the point of death, even death on a cross.

So when He had washed their feet, and taken His garments and reclined at the table again, He said to them, "Do you know what I have done to you? "You call Me Teacher and Lord; and you are right, for so I am. "If I then, the Lord and the Teacher, washed your feet, you also ought to wash one another's feet. read more.
"For I gave you an example that you also should do as I did to you.

IMO that is the true message of Jesus.

a reply to: loam

Well, at .25 each I can safely buy 1000 of them and not take a big hit.

They have the highest trading volume behind ETH and Bitcoin, I think, regardless they have one of the highest trading volumes of the altcoins.

a reply to: toysforadults

Like I said, it's not a bad play. You could also hedge across the top 3.

a reply to: loam

I could. Once I'm done paying for school.

a reply to: toysforadults

I'm guilty of being part of the "gig economy" for most of my adult life. It's great when it works but sucks when it doesn't.

But the problem with that is the same as telling people to network. If everybody did that, who's going to help you fit a bra or serve your tater tots at the tavern? If kids out of high school went to college or freelanced (which is what they are doing), it will be people like the rest of us who need to work those jobs. This means the solution has to be in making those jobs sustainable.

It's still about supply and demand for now. The other end of the spectrum should be a nationalized automated GDP economy that takes care of our needs. Unfortunately, just like the last industrial revolution, it will be privatized and you'll end up with chaos within 20 years.

Our nation is already filled with resurrected versions of the aristocrats and the luddites, ready to jump on it.

a reply to: Abysha

this is the juxtaposition I currently experience with my free market capitalist leanings and understand that it just isnt working anymore

its rough, one day I want the government totally out of my life then the next I realize the UBi and automation are changing the world in a way we arent prepared for

Oh I took on a second part time job for the weekends aside from my full time construcrion job and taking full credit hours fron WGU.

So I work two jobs and go to school full tims in a STEM program and I am probably still lazy.

Our population is huge and yea its no suprise

But history can confort u in the end the poor will always eat the ritch ... u only sit on the top tell the people get hungery than we will wipe out your entire family .... right or wrong its what will happen

The sad truth tho is this is not only unavoidable but is the natral course of things

Avg persion gets wealth keeps getting it from having it profit to more profit .... but if u add alot of time ull have all the money and the people none than they will kill u for it

a reply to: toysforadults

There's a few reasons behind this. At it's core, the issue is that employee's aren't scarce enough to drive having a higher value.

As fewer and fewer jobs are needed, the only way we'll be able to make work competitive is with a basic income that convinces a large chunk of the population to not work.

originally posted by: rockintitz
So... Capitalism.

You wanna fix it? You can. Stop whining.

It's hard to network these days. In my field for example, unless you live in a handful of cities there aren't meetups. You're basically reliant on college networks, but those tend to not function unless you go to an ivy league school.

Is it so much for people to ask, that they be able to apply for advertised jobs, have their resume treated fairly, and be given an interview/job offer if they merit it? That's not how the world works today.

originally posted by: toysforadults
a reply to: olaru12

That's why I am moving into XRP.

The crypto currency market is EXPLODING, and it's a truly free market system not the false Federal Reserve debt based system we have now.

Free markets do not automatically mean it's a good system. One of my hobbies is Magic: The Gathering. Card prices in that game function 100% on an unregulated free market. It makes cards prone to massive spikes and drops, where the average person gets fleeced by speculators regularly.

originally posted by: toysforadults
a reply to: Abysha

this is the juxtaposition I currently experience with my free market capitalist leanings and understand that it just isnt working anymore

its rough, one day I want the government totally out of my life then the next I realize the UBi and automation are changing the world in a way we arent prepared for

Oh I took on a second part time job for the weekends aside from my full time construcrion job and taking full credit hours fron WGU.

So I work two jobs and go to school full tims in a STEM program and I am probably still lazy.

That reply should hit a little too close to home for a lot of folk on this site. But it probably won't. Most are't willing to take that step into acknowledging that anarchy-capitalist concepts can't keep up with the inevitable automated economy.

Capitalism can't fix it because it's impossible. Socialism won't fix it because all ideologies are infested with capitalists. The only solution will be a compromise where all GDP-producing automation is nationalized and everybody gets a share of that.

If you did that, all you'd have is basic capitalism founded on a higher "lowest denominator". Instead of homeless folk wishing they had a roof, you'd have housed folk wishing they had the newest sex bot. People would still run the taverns, give massages, and make art. But it wouldn't have to be out of survival or scarcity.

Because soon, survival scarcity won't exist unless we let it be monopolized.

originally posted by: Aazadan
a reply to: toysforadults

As fewer and fewer jobs are needed, the only way we'll be able to make work competitive is with a basic income that convinces a large chunk of the population to not work.

I can't think of anything more horrific for economic policy. Assuming a UBI would work and also produce the result you say (points I don't think would work), you've just killed an enormous driver for innovation, short circuiting any possibility that the labor markets reorganize in a way that adapts to the automation.

originally posted by: Abysha
But the problem with that is the same as telling people to network. If everybody did that, who's going to help you fit a bra or serve your tater tots at the tavern? If kids out of high school went to college or freelanced (which is what they are doing), it will be people like the rest of us who need to work those jobs. This means the solution has to be in making those jobs sustainable.

That's where a UBI is going to come in. Those jobs aren't currently highly skilled, and there's not really any cost effective way to raise the barrier to entry on them and reduce competition so that people can reliably make careers out of service sector jobs.

UBI encourages people to not work (while still supporting themselves), thereby lowering the number of employees for any given job. It benefits employees by reducing the labor pool. It benefits employers because only motivated employees are going to apply.

Personally, I think we need to go to a UBI while simultaneously removing the minimum wage. Make all wages a function of the market, while simultaneously empowering employees to be able to walk away from a job while still supporting themselves. That would fix things overnight, because suddenly employees would once again hold substantial power in work negotiations.

a reply to: loam

They will have to Find meaning in another way and that's when we reach singularity

originally posted by: Aazadan


Personally, I think we need to go to a UBI while simultaneously removing the minimum wage. Make all wages a function of the market, while simultaneously empowering employees to be able to walk away from a job while still supporting themselves. .

Oh #, that was an epiphany bomb dropped right on my brain. Yes, those two concepts would work together insanely well.

I wish I had more stars to give for that.

a reply to: Abysha

The real benefit we will see from this is going to come from what eventually everyone does with their free time

The only way society will find happiness will be from within themselves

originally posted by: loam
I can't think of anything more horrific for economic policy. Assuming a UBI would work and also produce the result you say (points I don't think would work), you've just killed an enormous driver for innovation, short circuiting any possibility that the labor markets reorganize in a way that adapts to the automation.

How would it kill innovation? There's still a lot of individual profit to be made under a UBI.

A UBI makes a lot of sense, and wouldn't even be that expensive. It would require a tax increase, but not a very large one. Remember that we could take all current welfare programs and roll them into a UBI.

If we were to create a UBI of $15,000 per year for everyone age 18 or older. Currently that's about 225 million people, so we would be looking at needing 3.375 trillion per year. Current entitlement spending comes to approximately 2.8 trillion, all of which could be rolled over to UBI instead, as once you have UBI there's not really a reason for Medicare, Medicaid, SNAP, SSI, etc... as you're presumably getting an income for all this stuff already. So really, all we have to do is come up with about 600 billion to make such a program solvent. If we were to cut the defense budget in half... which would be reasonable, we would have $300 billion left to go. $300 billion out of what's currently 4 trillion in tax revenue, means that a small tax bump would cover the rest... about 5%.

It's completely doable, and creates an alternative for people besides working... especially working dead end jobs.

If we implemented this alongside removing minimum wage (the justification for minimum wage would no longer exist), then I bet you would see a lot of currently dead end jobs start becoming actual viable career paths for people because simply being a motivated employee would once again have value. Those who don't want the jobs would get out, and if an employer wanted an employee they could pay a rate that someone finds fair.

originally posted by: toysforadults
a reply to: Abysha

The real benefit we will see from this is going to come from what eventually everyone does with their free time

The only way society will find happiness will be from within themselves

That's our destiny, baby!

All this # we're doing for the past hundred years and the next fifty or so is nothing other than prepping for a new system.

I can't wait to see what the world looks like when I'm an old lady, uploaded into some machine, judging all the peasants from my cloud of judgement. Future is gonna be awesome.