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Alex
1.6K posts
Alex
@notcomplex_
Hedge fk-ed | Human Capital Enjoyer | There is no conservation of misery!
Katılım Temmuz 2020
743 Takip Edilen9K Takipçiler
English
A common request at Keeper: "tall, six-figure income, full head of hair, lives in Manhattan, never married, no kids, between 32 and 38."
That filter set has roughly 1,500 men in total (on or off Keeper).
Most users have never done the math.
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A reminder that El Salvador had among the highest incarceration rates AND the highest murder rates in the world.
To solve crime, they had to lock up even more people.
Crémieux@cremieuxrecueil
By locking up <2% of the population, El Salvador took itself from being the murder capital of the world to being safer than Canada. With sufficient effort, anywhere can become peaceful and crime-free. And it's on track to get even more peaceful this year!
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Neat! Rich people are both more risk-tolerant and less neurotic.
It makes sense that stable people can take many high-variance bets that eventually pay off.
Crémieux@cremieuxrecueil
The authors of this work now have a newer study with a nine-times larger sample!🧵 The overall result is that the rich are: - More risk-tolerant, open to experiences, extraverted, and conscientious - Less neurotic - No more agreeable than normal, non-rich people
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The model's best prediction is that over 40% of grantees are MENAP.
open.substack.com/pub/kirkegaard…
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@notcomplex_ Nice thread. Worth noting that Zimbabweans, Mozambicans, Nigerians, Congolese, Burundians et al. come to SA and find jobs readily. Most telling part of the story related above is the local getting a job and then blowing it on booze.
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South Africa has the highest recorded unemployment rate in the world.
The NYT followed one family for a year as they tried to find work.
A thread on finding employment in third-world conditions🧵
Alex@notcomplex_
South Africa is a sober reminder that economic growth is not a given. Over 25 years, the income of South Africans in the bottom 50% has fallen substantially, only offset by transfers/benefits.
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Sources:
*(For the unemployment rate Sudan is actually the highest but I'm not including it for obvious reasons)
@WEO/OEMDC/ADVEC/WEOWORLD/PHL" target="_blank" rel="nofollow noopener">imf.org/external/datam…
nytimes.com/2023/11/11/wor…
English
Overall, take this as a broader look at labor and education. Labor is necessary for an economy to grow and for skills to develop. When an economy can't put people to work, it doesn't grow.
Education didn't help her or her family gain useful skills; they remain in poverty.
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