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Joined 1 year ago
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Cake day: June 11th, 2023

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  • My parents never could’ve either but $500k household net worth only puts you in the top 20% of households so it’s not like they were exceptionally wealthy and we don’t know if they borrowed to invest or what exactly their specific situation was. Miguel Bezos was a Cuban refugee and then worked as an engineer for Exxon and Jackie Bezos was a secretary so i mean this is pretty middle class IMO.

    That doesn’t mean that all billionaires clawed their way to the top as i mentioned above, or that we shouldn’t make progressive changes to the tax code. It’s just important that we separate truth from fiction to make educated decisions.







  • Words have specific meanings. We have commonly understood terminology. You can’t just deny this fact through revisionism without seriously losing your audience. Check out the agreed definition: https://en.wikipedia.org/wiki/Skilled_worker?wprov=sfti1

    I just want to add, no, not all jobs require skills. Some jobs only require you to perform tasks, the tasks do not require any skill. What that means is virtually anyone can do it with very little training. For example a cook at McDonald’s only needs to be trained for about 2 weeks and they can perform the tasks required for their job. Unskilled jobs are important for young people to help them earn a living while developing skills.

    Economists separate out skilled from unskilled labour for many reasons including shortages. In a skilled labour shortage for instance, it may take many years to recover (ie: doctor shortage) whereas with a shortage in unskilled labour the gap can be filled very quickly if employers are willing to raise wages. Because of the distinct quality skilled labour has we separate it out as it’s own type of labour. You couldn’t just walk into the doctors office with 2 weeks of training and start seeing patients.

    As an analogy we could think of commodities vs specialized products. One stalk of corn or barrel of oil is nearly indistinguishable from another one of its kind, whereas an iPhone can’t be replaced by a Motorola and still hold the same properties.