How would you even weigh an infinite number of dollar bills? You’d need an infinite number of assistants to load the dollar bills onto the scale for you, and months to actually do it!
Yeah I sell cabinets and sometimes people are like “How much would a 24 inch cabinet cost?”
It could cost anything!
Then there are customers like “It’s the same if I just order them online right?” and I say “I wouldn’t recommend it. There’s a lot of little details to figure out and our systems can be error probe anyway…” then a month later I’m dealing with an angry customer who ordered their stuff online and is now mad at me for stuff going wrong.
I think one of the most common sources of confusion about economics these days is not drawing the line between a market corrupted by some price-fixing cartel, and a free market where actual competition takes place.
Lots of people just assume collusion in all markets. I think that’s a cartoonishly simplistic view of the world, but you gotta remember lots of people assume “capitalism” refers to the thing better called “a price fixing cartel”.
I don’t think that mechanism you’re referring to automatically finds its new equilibrium right back where you started.
Let’s take rent for instance. All the current renters in lowest income bracket now have $1000/mo more to spend.
Next income bracket up now has $800 more to spend. Not because the UBI is varying, but because the tax people are paying into the UBI is varying. So this next bracket up is putting $200 into it as taxes and getting their $1000 check. At a certain point, there are the people who break even. And above that, people are paying more into the system than they’re getting back. That’s worth mentioning.
But focusing on this lowest income bracket as if it’s a little segmented, separate economy. Like a slice, to analyze it.
Town with 100 people. Let’s say there’s 105 units of housing, making for a teeny bit of pressure on landlords via competition. The landlords live elsewhere; ultra simple model here. Each of the 100 people gets $1000 more to spend. Fuck it, all they’re spending it on is rent. It’s the only thing they have to buy.
Well, there’s still competition between the landlords. If a landlord’s got an empty unit, he can offer it for $200 less than the other guy and get a tenant in there. Excess supply is good for consumer negotiating power.
But also, let’s say all units just go up by $1000/mo, and swallow up the UBI.
Then other developers now have a new equation in terms of the costs and benefits of building new housing.
Maybe now that you can charge $1500 for an apartment instead of $500, it’s worth it to build a new apartment building. It’s become more profitable.
So someone builds a new apartment building, and there’s 120 housing units for those 100 renters. Now you’ve got 20 desperate landlords (or one landlord with 20 un-rented units) willing to take say $1000 instead of $1500.
That pushes the price of rent back down.
Of course it doesn’t actually sway wildly like this. Every player thinks ahead about all the moves that can be made.
Like if your apartment building is profitable at $1500 but not at $500, what’s the cutoff? Maybe if rents drop below $1200 your new apartment building is going to lose money.
There’s some equilibrium point, and that’s what the market price settles into, as people finding themselves far from that point find it profitable to move toward it. (You make more money renting out five units at $1000 than you make renting out two units at $1500 - lowering the price is profitable here).
So now to crack this model open again, what is this “other place” where these landlords are coming from to invest new money in housing?
That’s where we bring in the higher income tiers, the ones who pay more into UBI than they receive out. The money is coming from up there. In those places, the people have less money than they did before, and so it is becoming less profitable to fulfill their needs. Maybe the amount you can get for a luxury apartment in manhattan drops from $50k to $49k per month.
Ultimately, resources used to fulfill demands, get slowly and steadily re-allocated to serve money’s new center of gravity, which is slightly lower than before.
Prices go up for poor people goods, but not enough to eat all the income. And the new amount of money flowing improves the offering, even at the same price levels, by bringing more investment overall into those industries.
Big uptick in the amount of human activity in space — tech there already, economy starting to manifest it. Like 10,000 humans in space at any given time, then 100,000, then 1,000,000, and so on
If we can get a slightly lighter solar sail material, that’s the last missing tech piece needed to send probes to Alpha Centauri. We’d need massive laser arrays so tech alone would precede economic manifestation by a while. Human laser-accelerated probes can reach 0.3 c, and arrive at the star in about 15 years. The probe’s design is the size of a thumb drive
AI is obviously making big strides
honestly my thumbs are cramping up, but there’s lots more. drone-v-drone warfare, all semi-autonomous
Growing perfect genetic match organs to implant
mRNA delivered by microplasmids is incredible. There are easily a million life-enhancing distinct uses of it that involve temporarily building any protein we want in a patient’s cells, endogenously, with controlled expression. That is crazy powerful technology
Fusion power’s like almost there. I think we’re at the “now scale it” phase
Bombarding Earth by hurling containers full of rocks out of railgun launch tubes on the moon
Sex robots
Translating to and from animal languages
Cloning, which has existed for decades now, is somehow totally invisible to media attention. Like, in the time since Dolly the sheep was in the headlines, someone could have theoretically produced an actual army of human clones and have them hidden somewhere
Telepathy via neural implants
That’s some of the sci fi stuff we either have now and just are too harried and exhausted to contemplate, or that we’re just on the verge of creating.
Perhaps everything we do is the preamble to some future dingbat’s wish. Maybe all of history is unavoidably conspiring to lead to a truck of cash toppling over in front of him, after which point we’ll all blink and look around, dazed, unsure what to do.
Have you joined a men’s group? I have a similar history with women, and the men’s group is the only thing that could have helped me out of the hole they put me into.
If a person is too tired to vote that means resting is more important to them than voting. Forcing that person to vote is invalidating their own prioritization.
Let’s trace it back. Why do academics need to get published in order for their career to succeed? Why wouldn’t a paper published in a no-name journal carry any weight?
Does it boil down to whoever would be hiring them not having the time to read their research, so they rely on someone else’s judgment?
ChatGPT is amazing. The fact that 20% of what is says is wrong just increases the adventure. Like that scene in that David Brin book where one alien race had tricked another alien race into misunderstanding science, and hence lose a key battle.
No, please don’t. Do it using word choice and tone of your writing. Sarcasm exists for a reason and denoting it with a single symbol is a bad idea. Sarcasm functions through its subtlety, in writer and reader.
Sarcasm is using categorical imprecision to point out how obvious the truth is. It’s words face-planting on purpose to get themselves out of the way of your eyes. To clearly label the sarcasm as such screws up this whole effect. It’s bird shit on the lens — now they’re looking at the surface of the lens not the thing you want to show them.
It’s a structure that points elsewhere, and requires an intuitive leap. Adding the /s bridges what should be a leap and the utility of the technique as a means of communication is lost.
If you find yourself tempted to use the /s, what you’re discussing is probably too important for sarcasm anyway and you should just say what needs to be said.
EDIT: I THINK I STAND CORRECTED (lemmy.zip)
I considered deleting the post, but this seems more cowardly than just admitting I was wrong. But TIL something!
Government money (lemmy.zip)
He's ready for anything (startrek.website)
What made up movie title would make it hard to sell it to the public?
What sci-fi-esque inventions are the most plausible and could happen soonest?
we need teleportation frankly
Get a millenium falcon! (lemmy.world)
The White Buffalo (lemmy.world)
REMINDER: this is a shitpost
Why is Australia the only "core anglosphere" country where voting is mandatory?
Beyond Wikipedia, what are some of your favorite online learning resources?
From time to time I find a dive into the Standford Encyclopedia of Philosophy useful for refreshing my memory on some ideas and concepts....
Have seen this way too often (lemmy.world)
I went back in a moment of weakness and was punished for my transgression (lemmy.ml)