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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Steve
@sdv.eth
Suddenly europoooooor makes much more sense, thanks for this context!
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