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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    1. Patrick McKenzie‏ @patio11 May 12
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      Patrick McKenzie Retweeted Morgan Housel

      Almost nobody appreciates how expensive clothes used to be, even as “late” as 200 years ago. A shirt was once thousands of hours of labor; scarcity logic flows directly from that. The shirt you can buy at Walmart for ~$2 is a superior artifact along most product dimensions.https://twitter.com/morganhousel/status/1260287299213864960 …

      Patrick McKenzie added,

      Morgan HouselVerified account @morganhousel
      What common/cheap consumer product people take for granted today would feel most useful to someone 200 years ago? - Sunscreen - Tylenol - Toothpaste What else?
      24 replies 133 retweets 828 likes
      Show this thread
    2. Patrick McKenzie‏ @patio11 May 12
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      Here’s a single citation for you: we had a Navy in 1808, right? Uniform for someone serving it: $25 plus $10 for the overcoat. Wages for a senior enlisted man: $8. Per month.

      12 replies 31 retweets 214 likes
      Show this thread
    3. Patrick McKenzie‏ @patio11 May 12
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      Cite: http://memory.loc.gov/cgi-bin/ampage?collId=llsp&fileName=023/llsp023.db&recNum=192 …

      3 replies 0 retweets 34 likes
      Show this thread
    4. Patrick McKenzie‏ @patio11 May 12
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      One of my views that the world is changing in a way which is not evenly distributed is the economics of food production are following the economics of clothing production in such a fashion that most people producing it outside of the market economy will be outcompetes and stop.

      6 replies 6 retweets 101 likes
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    5. Alan‏ @akgerber May 12
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      Replying to @patio11

      i think median & minimum wages will have to start increasing significantly for that to be true, both so people value their time more and to motivate the development of labor-saving technology in foodservice

      1 reply 0 retweets 0 likes
    6. Patrick McKenzie‏ @patio11 May 12
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      Replying to @akgerber

      My proverbial money is on better logistics, production technology, and distribution delivering more food faster for cheaper versus being a bet on increasing affluence per se, though increasing affluence obviously gives us more options.

      3 replies 0 retweets 2 likes
      Patrick McKenzie‏ @patio11 May 12
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      Replying to @patio11 @akgerber

      “The rich and poor alike will have food cooked by others” sounded implausible in 1920 (“That implies the poor can afford servants!”) but we now have sufficient technology to cheat their understanding of what labor is and how many e.g. Chipotle burritos one can produce per hour.

      7:54 PM - 12 May 2020
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      • Renée Peterson
      2 replies 0 retweets 3 likes
        1. New conversation
        2. threestationsquare‏ @threestationsq May 15
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          Replying to @patio11 @akgerber

          "How the Other Half Ate" discusses how the early-20th century US urban working class were if anything more likely than the middle class to buy food from bakeries etc, due to cramped apartments & women more likely to be employed (so less time to cook).

          1 reply 0 retweets 8 likes
        3. threestationsquare‏ @threestationsq May 15
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          Replying to @threestationsq @patio11 @akgerber

          Seems like the rate of people cooking at home has fluctuated substantially over time, with fashions and with changes in the relative price of wage labour & regulatory compliance on one hand and home floor area, appliances, & imputed home labour on the other.

          1 reply 0 retweets 5 likes
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        2. Alan‏ @akgerber May 12
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          Replying to @patio11

          does it? cafeteria and even automats were common in that era and unmarried men often ate food cooked by the proprietress of their boardinghouse

          1 reply 0 retweets 4 likes
        3. Alan‏ @akgerber May 12
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          Replying to @akgerber @patio11

          even here in high-cost NYC labor-saving devices are not terribly common in foodservice and the main technological improvement in delivery logistics in the past 100 years is the electric bike (deliverymen are generally outside the formal labor market & paid largely in tips)

          1 reply 0 retweets 1 like
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