@revenant_MMXX It is a lot on this platform; only a handful of posts get that many on an average day, and it's more than 5x than the post it was quoting
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Brett Slagh
1.9K posts
Brett Slagh
@BrettSlagh
@UMich alum in Atlanta. BS, computer science, working in IT. Interested in politics, economics, philosophy, data, sports, and culture.
Atlanta, GA Katılım Haziran 2011
294 Takip Edilen233 Takipçiler
@BrettSlagh Okay, do you think 100k likes is a lot? Twitter is a small platform compared to any other social media and 100k is nothing. This is a country of 350mil people
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The claim that started this discourse was a billionaire claiming people are getting $28 lunch every day and you being stupid enough to believe that
Brett Slagh@BrettSlagh
@Mjao_desu @ValforNevada For the people that claim that $28 lunches are unavoidable, which is the claim that started this discourse, it is absolutely possible to save enough by frugality to avoid being completely unable to move at the end of a lease. Such a person is overspending on lunch by >$8k/year
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@Mjao_desu @ValforNevada For the people that claim that $28 lunches are unavoidable, which is the claim that started this discourse, it is absolutely possible to save enough by frugality to avoid being completely unable to move at the end of a lease. Such a person is overspending on lunch by >$8k/year
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@BrettSlagh @ValforNevada The point is, moving requires liquidity, a liquidity that many people don't have. The amount saved by frugality is paltry compared to the exorbitant costs that everyone currently charges. Even if you get that deposit back, it's weeks after the fact, too late to put towards new.
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Imagine you eat nothing but american cheese on toast for a year straight and then your landlord just raises the rent by $300 anyways
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@Mjao_desu @ValforNevada I am a lifelong renter. I always have gotten the deposit back, apart from deductions for things I legitimately damaged. And of course you will pay extra to break the lease early, but that's not what we're talking about here as the landlord cannot jack up rent mid-lease
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@BrettSlagh @ValforNevada Then you haven't rented recently, as most property management companies will find excuses to bilk every last dime of that deposit. And that's only if you're dealing with the natural lease expiration date. If you're moving with quickness, they'll demand 2 months of rent as a fee!
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@Mjao_desu @ValforNevada You will get back the deposit and any prepayed rent, so the only issue with those is liquidity -- and since you built some savings, that's no problem!
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@BrettSlagh @ValforNevada Cool, now to have the first+last month’s rent and a deposit and application fee on hand and - oops, there’s those savings gone!
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@DeyarWins @hotwheelsjack If you'd like to claim that inflation has been 100/6=16.67x since the 1920s, that's fine, but that also means that the $21.23 weekly wage mentioned earlier is equivalent to $389 today, and the average wage now is actually 3x that.
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According to the CPI metric? The basic inflation index…
The median quite literally hides the issue of inflation since it pulls away the higher prices of mansions. Even mansions were 50-100k back then; now they are 20 million. Mansions also outpaced regular home prices and increased 200x over the last 100 years.
You’re still proving my point that inflation continues to eat away at finances at both extreme ends of financial households.
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I don’t want to spend $6000 on a 24 year old corolla
LibertyJ@LibertyJen
This was legit a 5 second search on Auto Trader. All these cars have less than 200k miles. All under $7k
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@DeyarWins @hotwheelsjack What are you talking about 6000 to equates to 100k according to what metric? And if we're talking about the typical middle class home then median is absolutely more relevant than mean; the latter is pulled higher by the price of mansions
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@BrettSlagh @hotwheelsjack 6000 back then equates to 100k at best today not even close to 400k even if we used median
Also avg home price is 514600
Median is invalid in this case
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@DeyarWins @hotwheelsjack 6000 to 600000 being what, exactly? The median home sold in the U.S. last quarter was $403k
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@BrettSlagh @hotwheelsjack 6000 to 600000 is 100x
20 to 1200 is 60x
Not including all other caveats and issues with this calculation you made, we’re already a ways off
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@stustudioco @Xsidi_ It's the same basic concept. Only difference is the mechanism of selection: artificial selection vs natural selection, aka survival of the fittest
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@DeyarWins @hotwheelsjack Average weekly earnings of non-supervisory manufacturing employees:
1922: $21.23
2025: $1,191.84
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@hotwheelsjack 1920s: Buy a whole new house for $6000
2020s: Buy a 25 year old car that might work for 3 more years for $6000
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@kyk1opes @BenjaminPDixon Pay closer attention to your own experience. Each word springs out of the dark and unconscious computations of your brain into your awareness. The sense that "you", the conscious observer of the experience, are authoring the words is an illusion.
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@BenjaminPDixon That is subjectively not true, and I don't know how a conscious entity could make that claim. If you have an internal subjective world then you're aware that this isn't your normal process.
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I'm not sure what to say to people who don't realize our brains are literally producing the wetware equivalent of the next-predicted token with every word we say and compose.
Prof. Lee Cronin@leecronin
AI does not write, it produces text. Humans uniquely write.
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@JerrBearr @IMAO_ And because we don't live in a zero-sum world with a fixed amount of income and wealth, it also means that one person's income or wealth is not necessarily coming at someone else's expense. People are free to create new wealth.
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@JerrBearr @IMAO_ This is not true. Outside of recessions, the size of the economy is growing continuously. And this is not explained by inflation or population growth: the inflation-adjusted amount of income available per person is going up. This is because of ever-improving gains in productivity
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Yes, your own choices have more than a thousand times the effect on your finances than anything Elon does.
linux@tuvati
Elon is projected to become a trillionaire by 2027 but yes people ordering DoorDash is the problem
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@BlvckJxsus According to the Federal Reserve Board's Survey of Consumer Finances, as of 2022, the median American household has $8,000 in checking/savings (transaction) accounts, and $193k in net worth
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average american doesn’t have $500 in savings, but you on here yappin about some 10k. shut the fuck up.
ຸ@daewop
if u in your 30s and dont got 10k saved up u need to delete social media altogether im deadass.
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@Bobbythirdway Another explanation is that employment is simply unusually stable, and we haven't had a recession
Which is consistent with independent data sources like ADP
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Isn't it strange how the unemployment rate never changes after Covid?
It's almost like the data is complete bullshit.
Jeremiah Johnson 🌐@JeremiahDJohns
Here's the thing - and this will make people furious but it's true - the economy is not shit. It's fine. Weak in a few spots, but if you think 4.3% unemployment is a shit economy you're just not living in reality. 2009 was a shit economy. 2020 was a shit economy. 2026 is fine.
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@denimneverdies Consumer spending has literally never been higher on an inflation-adjusted basis
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They're so fucking myopic it's ridiculous. What happens to a consumer based economy when people can't afford to consume? When businesses like restaurants can't turn a profit because nobody can afford to eat there? This is how these people are wrecking everything
yeet@Awk20000
Caleb Hammer on those paying $20 per lunch to get fast food “Pack a sandwich”
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Eating a $15 lunch every day at work costs $300 a month ($75/week).
So if your rent goes from $2,000 --> $2,300, it doesnt really matter if you brown bagged lunch, right?
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