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POTUS Election '24...you heard it here first!

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mandown

Poopdeck Repost
Jun 1, 2004
21,883
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Transylvania 90210
In Freakonomics 605 What do people do all day? They talk to a lady who describes what people do at their jobs and she describes watching a large airplane get assembled. It sparked my imagination. I’d love to see that operation and the sheer size of the facility.
 

Pesqueeb

bicycle in airplane hangar
Feb 2, 2007
41,889
19,211
Riding the baggage carousel.
In Freakonomics 605 What do people do all day? They talk to a lady who describes what people do at their jobs and she describes watching a large airplane get assembled. It sparked my imagination. I’d love to see that operation and the sheer size of the facility.
Maybe it's not anymore, but if memory serves the Boeing assembly line in Renton Everett was the largest single building on earth.

Edit:
.
 

mandown

Poopdeck Repost
Jun 1, 2004
21,883
9,175
Transylvania 90210
Maybe it's not anymore, but if memory serves the Boeing assembly line in Renton Everett was the largest single building on earth.

Edit:
.
I believe that is the location described in the podcast.
 

mandown

Poopdeck Repost
Jun 1, 2004
21,883
9,175
Transylvania 90210
But jerbs! And Bidenomics, which Harris is now responsible for!
Harrisnomics?
Kamalanomics?
Devinomics?

Economists had expected U.S. employers to have added about 150,000 jobs in September. Instead, they created more than a quarter-million jobs last month, while the unemployment rate fell to 4.1%, according to a report Friday from the Labor Department.
 

Toshi

butthole powerwashing evangelist
Oct 23, 2001
39,813
8,796
add in some lag time and here you have our housing price issue explained quite nicely

Screenshot 2024-10-05 at 1.13.19 PM.png


solution: upzone, relax regs where possible (see: single family multi unit construction)
 

mandown

Poopdeck Repost
Jun 1, 2004
21,883
9,175
Transylvania 90210
add in some lag time and here you have our housing price issue explained quite nicely

View attachment 219571

solution: upzone, relax regs where possible (see: single family multi unit construction)
I’m convinced post-WW2 era was a perfect storm of economics for the USA and we’ve been chasing that anomaly since and holding it up as a model standard we need to improve upon, rather than accepting that there will be some regression to the mean. I really should do my own research to back up my feelings on this.

Manufacturing technology was ramping up and we were seeing tremendous economies of scale. The rest of the industrialized world was dealing with repairing damage to their homeland and infrastructure that the US didn’t have to manage, giving us a head start in the global economy. Women began entering the workforce creating two-income households. TV and radio and telephone technology were expanding enabling mass communication in ways never before seen. There were significant and unregulated resources available for development and profit. An economy where nobody has a TV and households are hungry to buy their first TV is going to look a lot different from an economy where a household has multiple screens and you have to convince consumers they really need a few more FPS and pixels.

As time has passed, that development has become normalized and standardized and regulated. And the rest of the world has caught up, if not surpassed the US in manufacturing and distribution of products.
 

Westy

the teste
Nov 22, 2002
56,048
22,077
Sleazattle
I’m convinced post-WW2 era was a perfect storm of economics for the USA and we’ve been chasing that anomaly since and holding it up as a model standard we need to improve upon, rather than accepting that there will be some regression to the mean. I really should do my own research to back up my feelings on this.

Manufacturing technology was ramping up and we were seeing tremendous economies of scale. The rest of the industrialized world was dealing with repairing damage to their homeland and infrastructure that the US didn’t have to manage, giving us a head start in the global economy. Women began entering the workforce creating two-income households. TV and radio and telephone technology were expanding enabling mass communication in ways never before seen. There were significant and unregulated resources available for development and profit. An economy where nobody has a TV and households are hungry to buy their first TV is going to look a lot different from an economy where a household has multiple screens and you have to convince consumers they really need a few more FPS and pixels.

As time has passed, that development has become normalized and standardized and regulated. And the rest of the world has caught up, if not surpassed the US in manufacturing and distribution of products.
Also worth noting that after WWII the United States and Canada were the only industrialized countries that weren't utterly destroyed and hadn't had millions of civilian casualties. The UK outside of London wasn't too bad, but I assume thinking beans and toast was high cuisine left them with low energy.

We had no competition.
 
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mandown

Poopdeck Repost
Jun 1, 2004
21,883
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Transylvania 90210
Per google’s AI results.
Seems plausible based on a Wikipedia chart and skimming a few other result. But it’s probably based on some Reddit troll posts about “homeownership” meaning something else.
IMG_1180.jpeg
 

6thElement

Schrodinger's Immigrant
Jul 29, 2008
17,278
14,756
Also worth noting that after WWII the United States and Canada were the only industrialized countries that wasn't utterly destroyed. The UK outside of London wasn't too bad, but I assume thinking beans and toast was high cuisine left them with low energy.
Erm, most big cities had been bombed plenty.

UK had post war food rationing until 1954.
 

jonKranked

Detective Dookie
Nov 10, 2005
88,909
27,094
media blackout
post-WW2 era was a perfect storm of economics for the USA and we’ve been chasing that anomaly since and holding it up as a model standard we need to improve upon, rather than accepting that there will be some regression to the mean
Like a junkie chasing their first high.
 

Jm_

sled dog's bollocks
Jan 14, 2002
20,192
10,724
AK
I’m convinced post-WW2 era was a perfect storm of economics for the USA and we’ve been chasing that anomaly since and holding it up as a model standard we need to improve upon, rather than accepting that there will be some regression to the mean. I really should do my own research to back up my feelings on this.

Manufacturing technology was ramping up and we were seeing tremendous economies of scale. The rest of the industrialized world was dealing with repairing damage to their homeland and infrastructure that the US didn’t have to manage, giving us a head start in the global economy. Women began entering the workforce creating two-income households. TV and radio and telephone technology were expanding enabling mass communication in ways never before seen. There were significant and unregulated resources available for development and profit. An economy where nobody has a TV and households are hungry to buy their first TV is going to look a lot different from an economy where a household has multiple screens and you have to convince consumers they really need a few more FPS and pixels.

As time has passed, that development has become normalized and standardized and regulated. And the rest of the world has caught up, if not surpassed the US in manufacturing and distribution of products.
Yes. We will never return to manufacturing during WWII or immediately post. Now our businesses want to be multinationals and sell in markets outside of the US. They also have to so we can remain competitive as far as technology. But emerging nations that are industrializing will always be able to leverage labor and manufacturing far more cheaply than we can. It’s development of technology, processes, etc. where our real advantage is, but you basically piss that away when you try to raise tariffs to far, countries embargo our crap in return or impose penalties on our companies operating overseas, now ford cant sell and compete against bmw, renault, toyota, etc, so the benefit of economy of scale is diminished and ford has less incentive to produce great stuff, since now its more of a captive audience, unless you can afford way more money for something foreign. Its basically showing zero knowledge of how economies interact and what benefits our population.
 

mandown

Poopdeck Repost
Jun 1, 2004
21,883
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We will never return to manufacturing during WWII or immediately post
There’s probably a sizable number of people who think we can go back to that prosperity by reverting to policies in place at that time. To me, that’s like believing cheerleaders shouting “go team” have a material impact of the scoreboard.
 

scrublover

Turbo Monkey
Sep 1, 2004
3,226
6,994
The two doors down from me retired on disability union plumber who rails against any sort of social safety nets.

We don't talk much...

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Missing: a shot of the trump 24/maga bullshit wrap covering the hood of his truck.
 

mandown

Poopdeck Repost
Jun 1, 2004
21,883
9,175
Transylvania 90210
You know what we haven't tried since WW2? 90% corporate tax rates.
Looks like 90% might be a bit high.
Also looks like Profits have climbed based on drivers other than the falling tax rate. While lower taxes help, they haven't been the driving force.

Income tax seems to have stayed constant with payroll tax taking up the difference from decreases in corporate tax.

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Toshi

butthole powerwashing evangelist
Oct 23, 2001
39,813
8,796
I think he was mentally thinking of the top marginal personal income tax rate. which indeed was that high for a bit of those heady Eisenhower era post-war days
 

Jm_

sled dog's bollocks
Jan 14, 2002
20,192
10,724
AK
The two doors down from me retired on disability union plumber who rails against any sort of social safety nets.

We don't talk much...

View attachment 219611View attachment 219612View attachment 219613View attachment 219614

Missing: a shot of the trump 24/maga bullshit wrap covering the hood of his truck.
Freedom. Freedom to treat other people like shit. Freedom to force religion on you. Freedom to do anything as long as you get away with it. Freedom to claim that if you cant do these things you are a victim.
 

mandown

Poopdeck Repost
Jun 1, 2004
21,883
9,175
Transylvania 90210
90% was a rate for a fairly high bracket. I searched for the inflation adjusted amount in current dollars but was too lazy to dig deep enough.
*** = a bracket
1728242191719.png
 

Toshi

butthole powerwashing evangelist
Oct 23, 2001
39,813
8,796
iirc that was for $1mm income in then-present dollars, so on the order of $4mm/yr income these days

and it'd be very healthy to reinstate such punitive rates on the CEOs of the world. the CEO:worker compensation ratios in this country are just absurd, untied from any possible contribution they may have to productivity at all. Japan is much more sane.
 

mandown

Poopdeck Repost
Jun 1, 2004
21,883
9,175
Transylvania 90210
I was listening to this podcast and thinking about issues being noted here that drive people’s voting habits. I can’t help but think the divide between urban and rural life is a huge part of the divide and the traditions and culture of the past as each evolved have shaped the mindsets of modern voters (consciously or by exposure). Not unlike the religious splits in the chart I posted previously

Let’s talk about the notion of scarcity a bit, but let’s bring it into at least the 19th and then 20th and 21st centuries. In chapter 12 of your book, which is called — it’s a good title, “Malady of Infinite Aspiration” — you write, “For as long as people have congregated in cities, their ambitions have been molded by a different kind of scarcity from that which shapes those of subsistence farmers, a form of scarcity articulated in the language of aspiration, jealousy, and desire rather than of absolute need. And for the most part,” you write, “this kind of relative scarcity is the spur to work long hours, to climb the social ladder, and to keep up with the Joneses.”

SUZMAN: I suppose the way to make sense of it is to get a sense of what came before it, or the difference between cities and countryside, first of all. Everybody in rural areas was involved in effectively creating, generating, and acquiring the energy we needed to live, grow, and reproduce. That was what they spent their working lives on. Within cities, by contrast, people spent their energy and time using that energy provided by people in the countryside. The move to cities was this massive act of liberation in a sense. People were suddenly no longer tied to the process of securing the energy they needed to feed themselves, to reproduce. And it resulted in this extraordinary proliferation of jobs. It also transformed the way people constituted value, and saw themselves in relation to other people.

IMG_1191.jpeg