Zac Hill

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Zac Hill

Zac Hill

@zdch

Co-founder/President, Office of American Possibilities. Newest stuff: Resilient America; In Pursuit. Professional Wizard in a previous life.

Washington, DC Katılım Ocak 2009
1K Takip Edilen7.6K Takipçiler
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Zac Hill
Zac Hill@zdch·
The discourse acts like Gen Z is broke. The charts say Gen Z in fact out-earns every prior generation at the same age. Both are missing the same variable — and it has a name, a mechanism, and a big house out in the Virginia 'burbs.
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Young Ace Rothstein
Young Ace Rothstein@LosingWinners·
@zdch Lol well you got me there. No idea how you prefer dc to nyc though
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Zac Hill
Zac Hill@zdch·
@LosingWinners I lived in Manhattan for literally a decade, so, I think that counts?
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Zac Hill
Zac Hill@zdch·
@johnarnold Hard agree. @tab_delete is one of the best to be doing it currently, and there is no substitute for actually being in the trenches with the battalion you're striving to describe.
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John Arnold
John Arnold@johnarnold·
Highly recommend “How to Rule the World.” It’s the social commentary book of the 'fake it till you make it' era. Written by the 17-year-old who brought down Stanford’s president, it shows how a toxic mix of power, money, and hubris has transformed the school and SV more broadly.
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Zac Hill
Zac Hill@zdch·
@deanwball More people need to have watched AlphaGo (2017). The most beautiful dimension bar none was watching elite-tier people catch glimpses of something like the divine as they watched their own capability exceeded to a degree they couldn't comprehend. Thus so also with <etc>
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Dean W. Ball
Dean W. Ball@deanwball·
Humanity is building machines that will be smarter than we are at things we care about, things in which take individual and collective pride, domains of thought we originally invented and discovered. This will enable incredible things, but no honest person can deny that this will be a kind of grand humbling for humanity. No honest person can deny that there is at least some melancholy in contemplating it all, some change to the centrality we have ascribed to our own minds in the order of the world. My primary disappointment in the encyclical is that it fundamentally denies that grand humbling. It sidesteps the humbling altogether, saying that AI cannot “really” this and that. Instead, it puts the Church into the awkward role of the European technocratic regulatory advocate, which, love those regulations or hate them, is probably not what the world really needs from the Catholic Church at this moment. That is a shame, because this humbling—which will trigger a crisis in mass psychology and in our institutions when it dawns on people—is precisely the sort of thing I’d look to the Church for leadership on. What is the genuine and unique source of human meaning? What is the human touch in the era of thinking machines? These are the hard questions that the encyclical dodges.
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Zac Hill
Zac Hill@zdch·
@Blueelectron4 Totally. Because, you know, when *MY* wages rise, *I* earned it!
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Frylock
Frylock@Blueelectron4·
@zdch The bizarre thing is Biden rose wages faster than anytime ever for the low income bands, and those low income band voters were the most likely to vote for Trump for "economic" reasons.
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Zac Hill
Zac Hill@zdch·
The main legacy of Bidenomics is that both the right and left cosplay support of better pay for working people (coded differently ofc), but actually resoundingly dislike the part where this drives up expenses for the middle class who represent a disproportionate share of voters.
Jamesetta Williams 💕@jamesetta_w

My unpopular opinion is that Biden’s econ team achieved their stated goal of world class Covid recovery, avoided recession (once thought inevitable), prioritized employment, navigated global inflation, and delivered benefits to the working class. it’s just that voters hated it.

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Zac Hill
Zac Hill@zdch·
@mattyglesias Yeah I think - as a basically big fan of the overall economic regime relative to the plausible counterfactual scenarios - this is a solid diagnosis. Basically once there was an initial commit there wasn't nearly enough updating.
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Matthew Yglesias
Matthew Yglesias@mattyglesias·
I think the Biden team made a reasonable calculus that erring on the side of fiscal overshoot was better than the alternative, but then spent the rest of the term under-reacting to the new reality they created.
Jamesetta Williams 💕@jamesetta_w

My unpopular opinion is that Biden’s econ team achieved their stated goal of world class Covid recovery, avoided recession (once thought inevitable), prioritized employment, navigated global inflation, and delivered benefits to the working class. it’s just that voters hated it.

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Zac Hill
Zac Hill@zdch·
@axel_kolp Totally - like once you see it you can't unsee it. Just feels impossible to catch up, but doesn't show up anywhere in the individual stats.
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123456789
123456789@axel_kolp·
@zdch This is literally all it is, I have buddies living at home making 80-100k in their mid 20s with no expenses throwing their money into semiconductor and memory stocks lol. Rents are UMC and bought their homes 10-20+ years ago. Sure it’s just an anecdote but how can anyone compete
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Zac Hill
Zac Hill@zdch·
The discourse acts like Gen Z is broke. The charts say Gen Z in fact out-earns every prior generation at the same age. Both are missing the same variable — and it has a name, a mechanism, and a big house out in the Virginia 'burbs.
Zac Hill tweet media
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Basil🧡
Basil🧡@LinkofSunshine·
The permanent vibecession is here to stay
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Zac Hill
Zac Hill@zdch·
@MattZeitlin It's the same fundamental dynamic as abundance stuff: rising incomes across the board; finite supply of desired goods; QED; etc.
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Zac Hill
Zac Hill@zdch·
@StatisticUrban @HistoryBoomer As someone who is (unwillingly) on like 30+Boomer Meme threads, this certainly tracks with my experience. Interestingly this is compatible with my It’s Parents, Actually thesis from the other direction: no one wants to be like ‘I’m subsidizing my loser kids’ out loud.
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Hunter📈🌈📊
Hunter📈🌈📊@StatisticUrban·
Narrative violation: Gen Z has the highest consumer confidence. Gen X and Boomers are the pessimists. I do feel that undercuts many of the material explanations for the vibecession, insofar as uniquely awful economic conditions for young people are a main driving force.
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Zac Hill
Zac Hill@zdch·
@thejordanhart I just wrote a whole thing about why I think this is happening for big ticket items specifically fwiw.
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Sunupu
Sunupu@thejordanhart·
@zdch Look at rates of homelessness, medical bankruptcy, declining college admissions. In previous generations the point of a good economy was positive economic outcomes like owning a home, now the average homeowner is 56 because everyone else has been priced out
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Jeremiah Johnson 🌐
Jeremiah Johnson 🌐@JeremiahDJohns·
An interesting counterpoint to the idea that Gen Z is uniquely doom-pilled. I think we might be underrating the idea that it's actually older generations - who are not digital natives - who are the most fully brain rotted by social media doom narratives.
Hunter📈🌈📊@StatisticUrban

Narrative violation: Gen Z has the highest consumer confidence. Gen X and Boomers are the pessimists. I do feel that undercuts many of the material explanations for the vibecession, insofar as uniquely awful economic conditions for young people are a main driving force.

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Sunupu
Sunupu@thejordanhart·
@zdch Well yeah, when housing increases by 80% in 10 years and wages don't keep up then you're boosting the economy at the expense of outcomes, same for healthcare and housing. All the wealth creation in the world doesn't matter if people's outcomes are worse across the board
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Zac Hill
Zac Hill@zdch·
@nucknyan It also points to some of the causes, which I’m dropping a piece on later today: disproportionately, those big-ticket items often involve contributions from *parents*
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Emma 🦊
Emma 🦊@nucknyan·
I think it’s notable that the price increases are primarily inelastic goods — we need housing, we need healthcare, we need food — while price decreases are almost entirely optional luxury goods This feels worse than the opposite because we can’t tighten our belt out of it
syl ♡@sylviapuffs

not even that hard to explain tbh

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Zac Hill
Zac Hill@zdch·
The reason I made sure to make my reflection visible is to provide evidence that I am indeed here in Serbia Jokicmaxxing.
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Zac Hill
Zac Hill@zdch·
Solving the loneliness crisis be like
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Donnie Noland
Donnie Noland@DonnieNoland·
@zdch @cryptochamomile @hecubian_devil Agreed multiple factors contribute including low cost of high sugar foods, good foods, foods cooked with seed oils, food stored with glyphosate, easier to focus on peripherals meaning less exercise, and upside down food pyramid 2022 lucky charms was better than beef
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Zac Hill
Zac Hill@zdch·
@jenboland @jamesetta_w My piece today suggests that all things make it worse except supply; can’t think of anything else!
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Jen Boland
Jen Boland@jenboland·
@zdch @jamesetta_w The lower class feels inflation less so bc the higher wages and transfers negate it. The question becomes how do you lift all boats?
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