▲ 207 r/ScottGalloway+1 crossposts

Elon promises AI will create an "age of abundance" and more jobs, but a Nobel-winning economist calls it B.S.

While Musk is out here claiming that AI hasn't caused major unemployment and will magically lead to "Universal HIGH INCOME," actual experts disagree. In this clip, Nobel laureate Daron Acemoglu completely dismantles the tech bro narrative that AI will generate more jobs than it destroys, literally laughing and calling it "B.S.". Acemoglu warns unemployment could actually triple in the next decade if we stay on our current trajectory.

u/3RADICATE_THEM — 10 days ago

Anyone else feel like the modern stock market basically feels slightly better than a hedge against [perceived] inflation?

u/3RADICATE_THEM — 30 days ago

Anyone else find it funny that Elon deliberately boosts anti-Indian MAGAs / Groypers when he simultaneously heavily uses H1bs and literally got into a schism with the right towards the end of 2024 over it?

reddit.com
u/3RADICATE_THEM — 30 days ago

DAE find the distinct gender divide in interpretation of the Clancy case legitimately disturbing?

I think this could be some interesting fodder for Scott to talk about, and I'm interested in what his take is on this.

I think this is the first major non-political event (perhaps since COVID) that truly shows the bifurcated perceptions of reality that is present in society today—and is directly driven by social media algorithms telegraphing select information differently to different audiences.

On the woman's side of thing, I've met several 20-something and 30-something year old women who seem extremely convinced that Patrick Clancy was the one who orchestrated everything and framed Lindsay for it.

I was visiting a relative recently, and she was getting into an argument with her husband as he was reading of case file details basically pointing out the smoking gun of DNA evidence—but she kept reciting conspiracy Tok talking points back to him.

On the male side of thing (and it's rather more concentrated among chud right men) is the complete inability to process anything circumstantial or nuanced related to post-partum—let alone a significant chunk of men not even understanding what the defense's actual objective was.

The broader issue at scale: algorithms have completely destroyed any sense of shared reality we have, and it's effective in keeping the broader population divided and fighting amongst ourselves.

On a side note, I find it incredibly coincidental that this blew up in the media in such close proximity to the midterms when it's looking like it would be nothing but an absolute bloodbath for Republicans.

reddit.com
u/3RADICATE_THEM — 1 month ago
▲ 51 r/yimby

How NIMBY Boomers Will Screw Over Millennial Parents and Future Generations from Beyond The Grave

What I find fascinating about all the debates / discussions I’ve had with people regarding having 'fertility crisis' is that people seem to be perplexed when I simply state: ‘just look at the trend line’.

In just a few generations, we went from a society where a HS dropout could get a job that would allow him to afford a house and a family on a single income—something that two educated, white collar professionals working full-time literally struggle to accomplish just one of the two in today’s world.

We have seen a complete collapse in socioeconomic mobility over the past 3-4 decades. We are constantly bombarded with propaganda about how we’re in the ‘greatest economy ever’—meanwhile the bulk of the young adult population is feeling more and more squeezed economically.

We have literally gotten to a point where people graduating from top public universities—let alone world class institutions like Stanford and Ivy League Schools—are struggling to find basic entry level jobs due to how terrible the job market is (yet another one of many aspects that a delusion sub-faction within the neoliberal camp wants to ignore). College tuition has skyrocketed in price over the decades, but the actual upside for it all has only declined—as we can see with inflated adjusted salaries for college graduates:

https://preview.redd.it/i5xedfvmxqoh1.png?width=676&format=png&auto=webp&s=6e17f90f416fb91335d5cbb06c01b25abc20a74a

Another overlooked factor is the fact that many target careers are not nearly as compensating as they were a few decades ago. Great example of this is within medicine. While medical school tuition has skyrocketed over the past few decades, nominal wages for physicians have stood stagnant—meaning they’re actually decaying in real terms after factoring inflation. You factor in how inflation directly has hurt young adult cohorts (say age 20-40) most prominently due to how they were the ones who had to absorb most of the shelter inflation over these past few years, and you start to see these careers—while still lucrative—have had a substantial reduction in overall upside.

Another exhibit we can see this in is with high finance, because most of these roles are located in extremely HCOL hubs like NYC—the costs (particularly rent) have grown far greater than the earnings have.

Now, what does this all have to do with Millennial Parents? Well, we’ve been seeing a continual trend unfolding over the past few decades. Because the NIMBY Boomers made it illegal to build sufficient housing (especially utilizing ways that maximizes density and sustainability) for several decades, we have massive housing shortages in most major urban population centers. As a result, we’ve been seeing growing amounts of young adults with each passing decade “choosing” to live with their parents. It’s not just settled towards their early 20s either—many people are living with their parents going well into their 30s.

I don’t see this trend reversing in the slightest in the coming decades, and all signs really just point to it becoming much worse. It’s interesting to me because so many Millennial parents seem to be counting down the days until their kid turns 18, but I’m just so puzzled by what they think will happen.

For a huge chunk of them, their kids will not go to college and decide to work at a service level job which wouldn’t even allow them to afford to move out even if they go 3-4 roommates.

For another cohort, their kids will go to college—many will decide to commute to try to offset the exorbitant costs of modern day university in America. However, the problem is many / most of these college graduates likely will not be making a livable wage after graduating, or they’ll make just enough just to pay their landlord rent and basic essentials—still incentivizing them to stay at home (especially factoring in the boat load of student loan debt they’ll have).

All signs point to these intergenerational trends worsening and that Millennial parents will likely have to deal with some or all of their kids living with them well past their mid-20s.

reddit.com
u/3RADICATE_THEM — 1 month ago

The Rude Awakening Awaiting Millennial Parents

What I find fascinating about all the debates / discussions I’ve had with people regarding having 'fertility crisis' is that people seem to be perplexed when I simply state: ‘just look at the trend line’.

In just a few generations, we went from a society where a HS dropout could get a job that would allow him to afford a house and a family on a single income—something that two educated, white collar professionals working full-time literally struggle to accomplish just one of the two in today’s world.

We have seen a complete collapse in socioeconomic mobility over the past 3-4 decades. We are constantly bombarded with propaganda about how we’re in the ‘greatest economy ever’—meanwhile the bulk of the young adult population is feeling more and more squeezed economically.

We have literally gotten to a point where people graduating from top public universities—let alone world class institutions like Stanford and Ivy League Schools—are struggling to find basic entry level jobs due to how terrible the job market is (yet another one of many aspects that the a delusion sub-faction within the neoliberal camp wants to ignore). College tuition has skyrocketed in price over the decades, but the actual upside for it all has only declined—as we can see with inflated adjusted salaries for college graduates:

https://preview.redd.it/7yusrseltqoh1.png?width=676&format=png&auto=webp&s=19456805e51968937b7501de6b2b5ecffaecc6a5

Another overlooked factor is the fact that many target careers are not nearly as compensating as they were a few decades ago. Great example of this is within medicine. While medical school tuition has skyrocketed over the past few decades, nominal wages for physicians have stood stagnant—meaning they’re actually decaying in real terms after factoring inflation. You factor in how inflation directly has hurt young adult cohorts (say age 20-40) most prominently due to how they were the ones who had to absorb most of the shelter inflation over these past few years, and you start to see these careers—while still lucrative—have had a substantial reduction in overall upside.

Another exhibit we can see this in is with high finance, because most of these roles are located in extremely HCOL hubs like NYC—the costs (particularly rent) have grown far greater than the earnings have.

Now, what does this all have to do with Millennial Parents? Well, we’ve been seeing a continual trend unfolding over the past few decades. Because the NIMBY Boomers made it illegal to build sufficient housing (especially utilizing ways that maximizes density and sustainability) for several decades, we have a massive housing shortage in most major urban population centers. As a result, we’ve been seeing growing amounts of young adults with each passing decade “choosing” to live with their parents. It’s not just settled towards their early 20s either—many people are living with their parents going well into their 30s.

I don’t see this trend reversing in the slightest in the coming decades, and all signs really just point to it becoming much worse. It’s interesting to me because so many Millennial parents seem to be counting down the days until their kid turns 18, but I’m just so puzzled by what they think will happen.

For a huge chunk of them, their kids will not go to college and decide to work at a service level job which wouldn’t even allow them to afford to move out even if they go 3-4 roommates.

For another cohort, their kids will go to college—many will decide to commute to try to offset the exorbitant costs of modern day university in America. However, the problem is many / most of these college graduates likely will not be making a livable wage after graduating, or they’ll make just enough just to pay their landlord rent and basic essentials—still incentivizing them to stay at home (especially factoring in the boat load of student loan debt they’ll have).

All signs point to these intergenerational trends worsening and that Millennial parents will likely have to deal with some or all of their kids living with them well past their mid-20s.

All I can say to Millennial parents who think they’ll finally be free once their kid turns 18: best of luck.

reddit.com
u/3RADICATE_THEM — 1 month ago
▲ 529 r/childfree

The Rude Awakening Awaiting Millennial Parents

What I find fascinating about all the debates / discussions I’ve had with people regarding having children is that people seem to be perplexed when I simply state: ‘just look at the trend line’.

In just a few generations, we went from a society where a HS dropout could get a job that would allow them to afford a house and a family on a single income—something that two educated, white collar professionals working full-time literally struggle to accomplish just one of the two in today’s world.

We have seen a complete collapse in socioeconomic mobility over the past 3-4 decades. We are constantly bombarded with neoliberal propaganda about how we’re in the ‘greatest economy ever’—meanwhile the bulk of the broadly young adult population (say 20-45) is feeling more and more squeezed economically.

We have literally gotten to a point where people graduating from top public universities—let alone world class institutions like Stanford and Ivy League Schools—are struggling to find basic entry level jobs due to how terrible the job market is (yet another one of many aspects the delusional neoliberal faction wants to ignore). College tuition has skyrocketed in price over the decades, but the actual upside for it all has only declined—as we can see with inflated adjusted salaries for college graduates.

Another overlooked factor is the fact that many target careers are not nearly as compensating as they were a few decades ago. Great example of this is within medicine. While medical school tuition has skyrocketed over the past few decades, nominal wages for physicians have stood stagnant—meaning they’re actually decaying in real terms after factoring inflation. You factor in how inflation directly has hurt young adult cohorts (say age 20-40) most prominently due to how they were the ones who had to absorb all of the rent and most of the housing costs inflation over these past few years, and you start to see these careers—while still lucrative—have had a substantial reduction in overall upside.

Another exhibit we can see this in is with high finance, because most of these roles are located in extremely HCOL hubs like NYC—the costs (particularly rent) have grown far greater than the earnings have.

Now, what does this all have to do with Millennial Parents? Well, we’ve been seeing a continual trend unfolding over the past few decades. Because the NIMBY Boomers made it illegal to build sufficient housing (especially utilizing ways that maximizes density and sustainability) for several decades on end, we have a massive housing shortage in most major urban population centers. As a result, we’ve been seeing growing amounts of young adults with each passing decade “choosing” to live with their parents. It’s not just settled towards their early 20s either—many people are living with their parents going well into their 30s.

I don’t see this trend reversing in the slightest in the coming decades, and all signs really just point to it becoming much worse. It’s interesting to me because so many Millennial parents seem to be counting down the days until their kid turns 18, but I’m just so puzzled by what they think will happen.

For a huge chunk of them, their kids will not go to college and decide to work at a service level job which wouldn’t even allow them to afford to move out even if they go 3-4 roommates.

For another cohort, their kids will go to college—many will decide to commute to try to offset the exorbitant costs of modern day university in America. However, the problem is many / most of these college graduates likely will not be making a livable wage after graduating, or they’ll make just enough just to pay their landlord rent and basic essentials—still incentivizing them to stay at home (especially factoring in the boat load of student loan debt they’ll have).

All signs point to these intergenerational trends worsening and that Millennial parents will likely have to deal with some or all of their kids living with them well past their mid-20s.

All I can say to Millennial parents who think they’ll finally be 'free' once their kid turns 18: best of luck.

reddit.com
u/3RADICATE_THEM — 1 month ago

Am I the only one noticing this or does it seem like a lot of Millennial 30-something married couples are unaligned as to having kids?

I swear - I think I know at least five couples where the couples are split on wanting kids vs. not wanting kids, or the other combination is one is a hesitant fence sitter while the other is very forward about wanting kids.

How was this not discussed before getting married??

reddit.com
u/3RADICATE_THEM — 2 months ago
▲ 107 r/yimby

Absolutely Disgraceful What NIMBY Boomers Have Done—Particularly in the Midwest.

There's absolutely zero reason Detroit's relative affordability should be on par w/ Boston AND WORSE than Chicago's. No wonder the Midwest struggles to keep pace with national population growth—you're combining the worst region for weather AND one of the worst job markets in the country—and they still have terrible real affordability? Only to be outdone by the usual suspects—i.e., NYC, SF, LA etc?

At least the 'usual suspects' are world class cities known for how exorbitantly expensive they are, and at least two of them are major white collar job hubs.

It's an absolute disgrace.

u/3RADICATE_THEM — 2 months ago

Is 'Applied Ignorance' The Best Way to Stay Sane?

I wrote this earlier today, then I listened to Dr. K's video on Lindsay Clancy—and it's making me think maybe just deliberately being ignorant to things are the best way to stay in proximity to equanimity.

u/3RADICATE_THEM — 2 months ago
▲ 445 r/ScottGalloway+1 crossposts

Unbelievably Brazen — JD Vance Proudly Announces The Plan for Deploying a Page Out of Project 2025 for Everyone to Hear

u/3RADICATE_THEM — 2 months ago
▲ 4.9k r/ScottGalloway+3 crossposts

Trump official won't send his daughter to Harvard because education will "corrupt her mind"

u/3RADICATE_THEM — 2 months ago

I absolutely abhor Boomers* who worship this man and think he is worthy of undying reverence.

* = and really anyone else who worships Elon. I specificy 'Boomers' here as they're the cohort I've seen most guilty of this.

There are more layers to this in that many Boomers are MAGA, so they support him directly buying off the government—which is a direct threat to democracy and a significant transitional step into neofeudalism / techno-feudalism.

However, even the Boomers who aren't MAGA—some of them nonsensically worship him, because they made money betting on one of his meme stocks.

There is another sub-cohort that is of genuine belief that he is an absolute genius; that he's actually deeply involved in the technical design and engineering of products; and that he's an expert in about a sub-disciplines of engineering (this is something he's almost explicitly stated on JRE multiple times) despite not having a single engineering degree.

EDIT: Last Paragraph + Grammar

u/3RADICATE_THEM — 2 months ago
▲ 701 r/ScottGalloway+3 crossposts

Gen Z is moving money from stocks to sports betting in wealth plans, 52% of them have redirected inv funds to sports betting and quarter of them treat sports betting as a deliberate part of their long-term financial plan

u/3RADICATE_THEM — 2 months ago

Are "Target" Careers Dead? It appears almost every target career track has gotten substantially LESS lucrative and MORE competitive—especially over the past 2-3 decades.

Honestly, I haven't seen this discussed much elsewhere outside of Scott tangentially alluding to it a times. I think this is a very important discussion point in the whole capital vs. labor debate: if the opportunity to acquire and grow one's own capital is greatly limited due to lacking labor opportunities that are highly compensating relative to the past, then I think this creates a better argument in favor of different taxation strategies (that may feature certain types of wealth taxes).

u/3RADICATE_THEM — 2 months ago