brb writing dystopian bestsellerhttps://twitter.com/devonzuegel/status/1087580279651295234 …
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the article is super interesting: https://kortina.nyc/essays/kinky-labor-supply-and-the-attention-tax/ … argument: the key drivers in unemployment for young men are (a) access to cheap, high-quality entertainment, often billed monthly vs. by consumption + (b) a devaluing of all but the most expensive status goods
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well, the premise is wrong https://twitter.com/graykimbrough/status/1080538648590905346 …
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Only read the abstract on this counter-paper, but between the two I have to agree here: I don't think we're seeing nearly the wage growth that we'd expect if there was really a shortage of labor.
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Any source on that claim? It’s a pretty big one to just throw out there, though I’m sure it’s super popular with the 60+ demographic...
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Reminds me of a ted talk from Rory Sutherland - he, similarly, argues that instead of improving absolute metrics, we change the value placed in material things. https://www.ted.com/talks/rory_sutherland_life_lessons_from_an_ad_man …
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Interesting. There’s probably also no point in status signaling if they’re not going to get laid anyway.
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