• 0 Posts
  • 46 Comments
Joined 1 year ago
cake
Cake day: September 14th, 2023

help-circle






  • One major factor: women entered the workforce. Labor supply doubled, and two incomes per household became normalized. Our current economic system fails to account for the work of raising children which was implicitely built into the “traditional family” model.

    That’s a double whammy for workers. The value of labor is halved. Both partners are expected to work to achieve a similar standard of living. And, without one partner doing household and child-rearing labor, those costs are borne by the workers.






  • I’m a big fan of Always Sunny, but not much outside of that.

    My take on it is this: it’s a movie about being a nobody with small, kind of pedestrian life goals, in a time when everyone is trying to be famous and we are inundated by media and celebrity. Everyone in the movie tries to make themselves the main character, except for the actual protagonist.

    The most essential question of the film, at a literal and existential level, is this: who is this story about?







  • Hot take: it was a valiant effort by people with tremendous power and influence to do the right thing with the wrong tools. Blackrock et al. tested the hypothesis that companies can generate greater returns by doing good. In doing so they risked their reputation and relationships with their investors.

    We all learned together that their hypothesis is wrong. One cannot add a constraint (ESG etc) without compromising returns, and the big money piles operate with mandates to maximize risk-adjusted returns.