keccers
@keccers.eth
Globally, people believe their kids will be poorer than them https://www.pewresearch.org/global/2025/01/09/views-of-childrens-financial-future/ College alone hasn’t been enough for upward mobility since 1960 https://www.nber.org/papers/w33797 Over my adulthood, I’ve seen income inequality do nothing but get worse. Fixed labor costs are a massive part of a company’s bottom line. AI genuinely is more competent than many people ……… Talk me out of this. I feel fucked already; like I spend a lot of time deeply thinking about how to reskill
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Ox Bid
@oxb
Interesting insight from that graph: people from developing countries seem to think the opposite, which confirms my personal observations about Europe and its old money. Many local people here: 1) haven’t earned money (or didn’t think about it) for at least two generations — their grandparents made it/ bought a lot of properties (and now they rent it out)/ even set up trusts to pay for their grandchildren’s private schools 2) reject everything “modern” incl AI and crypto because it is a dark market (get this feedback from most of my parents at school), unfamiliar scary word - they don’t even tried ChatGPT (people who are “managing” trusts and huge funds) 3) simply don’t want to work — shorter workweeks, two-hour lunch breaks and a lot of vacation!!! For the last month I supposed to have 3 bank holidays in the uk but 0 in the us plus in a lot of eu countries people go on vacation for the whole AUGUST or sometimes even from the mid of JULY!
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keccers
@keccers.eth
tbf too, when your country is developing vs developed it becomes “nowhere to go but up” vs Europe where now they have everything basically and like you say, some entropy has set in
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Mikko
@moo
Nowhere to go but down.
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