The Crisis of the 21st Century.
video description
Obviously, 40, 000 additional rental properties would greatly reduce rents based on new added availability, but SF stacks all regulations in favor of renters, so owners have zero incentive to take on such risk.
The story behind the story.
Date: 2022-07-15
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Comments and reviews: 9
Arthur
immigrants compete in different labor markets than native workers, which is part of the reason why David Card did not find any negative causal effects of immigration on employment (using a natural experiment in Miami)
adjusted for taxation and transfer, inequality is rising but is not at a staggering amount as some may say. Auten and Splinter wrote a good paper on this.
You are correct to assert that men receive stagnant wages, but because women work, family wages are not stagnating. I doubt there is significant competition between immigrant and native labor given the research cited earlier and the fact that work visas work around very stringent requirements nowadays ensuring that the immigrants aren't undercutting natives.
Globalization is complicated, but shutting your domestic market to international competition does not mean you can do the same with your international market. Overall globalization have lowered prices for the poor and increased productivity with lower input costs, as a whole raising GDP and doing good for the world.
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immigrants compete in different labor markets than native workers, which is part of the reason why David Card did not find any negative causal effects of immigration on employment (using a natural experiment in Miami)
adjusted for taxation and transfer, inequality is rising but is not at a staggering amount as some may say. Auten and Splinter wrote a good paper on this.
You are correct to assert that men receive stagnant wages, but because women work, family wages are not stagnating. I doubt there is significant competition between immigrant and native labor given the research cited earlier and the fact that work visas work around very stringent requirements nowadays ensuring that the immigrants aren't undercutting natives.
Globalization is complicated, but shutting your domestic market to international competition does not mean you can do the same with your international market. Overall globalization have lowered prices for the poor and increased productivity with lower input costs, as a whole raising GDP and doing good for the world.
reply
Brian
You want a prediction of doom. The USA will collapse by 2032, 2025 to 2027 earliest. What you will see is the bank freeze up, stockmarkets shutdown in under a minute every day and see a metric ton of VERY rich people decide a vacation outside the USA is good right now. You will see the capitol building, the white house and many, many DC landmarks left to the public to destroy and the government safe in sound in the mount weather bunker, families in tow making speeches on this small insurrection and how order will be restores by the national guard by X date. only to find not a one came to muster they were to busy saving THEIR family from marauding gangs bent on finding food and fun. In short America is dying a very slow death by a million illegal immigrants slowly bleeding us to death combined with a citizenry to bust paying BILLS to vote or defend their rights.
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You want a prediction of doom. The USA will collapse by 2032, 2025 to 2027 earliest. What you will see is the bank freeze up, stockmarkets shutdown in under a minute every day and see a metric ton of VERY rich people decide a vacation outside the USA is good right now. You will see the capitol building, the white house and many, many DC landmarks left to the public to destroy and the government safe in sound in the mount weather bunker, families in tow making speeches on this small insurrection and how order will be restores by the national guard by X date. only to find not a one came to muster they were to busy saving THEIR family from marauding gangs bent on finding food and fun. In short America is dying a very slow death by a million illegal immigrants slowly bleeding us to death combined with a citizenry to bust paying BILLS to vote or defend their rights.
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Beati
Europe you say must make some hard decisions, make more kids and stop funding elderly people after a certain age. I don't know in what world you live in, but in Europe there are things called pension funds. You pay for 30-40 years and then you take it back as pension at the age of 70+, many of them at 75. If you say to them I will stop paying you at 82, NOBODY is going to pay this fund and rightly so. Then you'll see some COLLAPSE.
Other than that, nice work.
Also, in groups that are untouchable you forgot to add the police, the army, the firefighters etc. If you open the bottle with the gini, open it for all.
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Europe you say must make some hard decisions, make more kids and stop funding elderly people after a certain age. I don't know in what world you live in, but in Europe there are things called pension funds. You pay for 30-40 years and then you take it back as pension at the age of 70+, many of them at 75. If you say to them I will stop paying you at 82, NOBODY is going to pay this fund and rightly so. Then you'll see some COLLAPSE.
Other than that, nice work.
Also, in groups that are untouchable you forgot to add the police, the army, the firefighters etc. If you open the bottle with the gini, open it for all.
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Christopher
What he doesnt know is that 16: 15 when he talks about Baltimore ghettos. Thats actually how they look like. Vacant dilapidated row home next to million dollar homes or brand new renovations seriously. Sometimes the hood is only divided by one intersection but instead of putting up an bad looking fence they just make the next block one way or put up some bushes. Druid hill and Bolton hill are separated by one street less that 40 ft apart. Average sales price in Bolton 650k Druid hill 130k and that 130 is only due to inflation
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What he doesnt know is that 16: 15 when he talks about Baltimore ghettos. Thats actually how they look like. Vacant dilapidated row home next to million dollar homes or brand new renovations seriously. Sometimes the hood is only divided by one intersection but instead of putting up an bad looking fence they just make the next block one way or put up some bushes. Druid hill and Bolton hill are separated by one street less that 40 ft apart. Average sales price in Bolton 650k Druid hill 130k and that 130 is only due to inflation
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Aaron
Human beings have this incredible ability to adapt in the 11th hour every time we face down a major catastrophe. That sounds good but I think it it similar to a forest fire. Every time you stop the normal cycle it will inevitably get worse. Technology has always been a two edged sword. The worst part is we need regular catastrophe or at the least the threat in order to continue innovating. The real horror is stagnation and complacency, because then we lose our ability to adapt to future threats.
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Human beings have this incredible ability to adapt in the 11th hour every time we face down a major catastrophe. That sounds good but I think it it similar to a forest fire. Every time you stop the normal cycle it will inevitably get worse. Technology has always been a two edged sword. The worst part is we need regular catastrophe or at the least the threat in order to continue innovating. The real horror is stagnation and complacency, because then we lose our ability to adapt to future threats.
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TheCow
When you said beef production was inefficient it had me thinking what other things have you gotten wrong that I wouldn't know about. It's obvious you're apart of the eco-death cult, and that's understandable, but look up the University of California's research on the topic (mostly headed by UC Merced) and you'll find yourself to be factually off. I wish I knew more so I could point out other tiny little things you say, but I just have to take the rest of it as you say it.
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When you said beef production was inefficient it had me thinking what other things have you gotten wrong that I wouldn't know about. It's obvious you're apart of the eco-death cult, and that's understandable, but look up the University of California's research on the topic (mostly headed by UC Merced) and you'll find yourself to be factually off. I wish I knew more so I could point out other tiny little things you say, but I just have to take the rest of it as you say it.
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T. C.
PEOPLE ARE THE PROBLEM! It's not a question of whether or not we can support more people. it's kind of what do we do with people we don't need and won't have work for? People need housing; to pay for housing and food they need money; to make money they need jobs. how many billions of do nothing jobs can a society support. and if you get rid of Beef are we going to go vegan or cannibal. LOL. and if we get rid of cows where will we get our milk. I NEED MY MILK!
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PEOPLE ARE THE PROBLEM! It's not a question of whether or not we can support more people. it's kind of what do we do with people we don't need and won't have work for? People need housing; to pay for housing and food they need money; to make money they need jobs. how many billions of do nothing jobs can a society support. and if you get rid of Beef are we going to go vegan or cannibal. LOL. and if we get rid of cows where will we get our milk. I NEED MY MILK!
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smb12321
Oh brother. Those hooked on gloom porn will attack this one. LOL I think prosperity is the worst possible outcome for these people who are hooked on we are doomed headlines. But it's also humorous. We won't last 10 more years. Order my book and read about it! or It's already too late to save the environment delivered to a paying audience. If sensationalist nonsense vs boring data, guess which one grabs the attention of the masses?
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Oh brother. Those hooked on gloom porn will attack this one. LOL I think prosperity is the worst possible outcome for these people who are hooked on we are doomed headlines. But it's also humorous. We won't last 10 more years. Order my book and read about it! or It's already too late to save the environment delivered to a paying audience. If sensationalist nonsense vs boring data, guess which one grabs the attention of the masses?
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Judith
France was not in misery at the end of the XVIIIth century. England which had had a higher standard of living beforehand was falling mouch lower than France. France was victim of a sudden economic attack from England and Switzerland during the three years before the and the Revolution was part of the attack, not a reaction to it. The US revolution of 1776 was a rich mans revolution, conducive to steeper inequalities.
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France was not in misery at the end of the XVIIIth century. England which had had a higher standard of living beforehand was falling mouch lower than France. France was victim of a sudden economic attack from England and Switzerland during the three years before the and the Revolution was part of the attack, not a reaction to it. The US revolution of 1776 was a rich mans revolution, conducive to steeper inequalities.
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