But the story Mason’s telling (about stats like those) is the US valuing risk/adventure less. That's what I'm expressing skepticism about, relative to other factors, like wage stagnation, rising education & health care costs, political polarization, immigration policy, etc.
-
This Tweet is unavailable.
-
-
Replying to @juliagalef @tylercowen
I don't think these elements are unrelated. I actually suspect that rapidly increasing education costs are driving the culture shift, though I'm not confident about that!
1 reply 1 retweet 2 likes -
Replying to @webdevMason @tylercowen
Sure, but the question we're disagreeing about is whether there is a node in the causal graph titled "lower value on adventure/risk" that has an arrow pointing from it to some important outcome measures in the American economy/society
2 replies 0 retweets 4 likes -
In my model, there (probably) isn't -- so if increased education costs affect important outcomes in society, it isn't via a "lower value on adventure/risk" intermediate node
2 replies 0 retweets 1 like -
Replying to @juliagalef @tylercowen
In your model, what's driving the lower rates of entrepreneurship?
1 reply 0 retweets 2 likes -
Replying to @webdevMason @tylercowen
I certainly don't know for sure, but if I had to guess I'd point to increased power of incumbents as one big factor. This article has some good discussion: https://www.nytimes.com/2017/09/20/business/economy/startup-business.html …
1 reply 0 retweets 3 likes -
Also, although that article emphasizes the decline in entrepreneurship in *tech* which happened more recently, it also notes that entrepreneurship in general has been declining since 1980. Which makes me hesitant to tie this phenomenon to recent cultural memes like "safetyism"pic.twitter.com/YbRfnfIkQ0
0 replies 0 retweets 5 likes -
This Tweet is unavailable.
-
FWIW, I feel more confident looking at these phenomena in clusters that are presumably causal than in actually placing the arrows. For example, "safetyism" & risk-aversion might both be largely the result of sheltered childhoods, though they seem like they might cause each other
1 reply 0 retweets 1 like
When I look at all this stuff, I see what feels viscerally like a big "CAUTION!" bubble eating youth culture, but I have a *lot* of questions about how it arose, why it persists, whether it's central to the trajectory of our culture or just sort of a weird temporary stop, etc.
-
-
Some findings that would shift my opinion: > younger people are increasingly optimistic about the future (or: optimism is holding stable) > though entrepreneurialism is down, growth in self-defined roles in larger orgs > "moonshot" grant programs have lots of quality applicants
0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.