Jack Seeburger
@jackseeburger4
Knows just enough to be dangerous. Rambling about the intersection of Economics, Technology and Culture. Linguistics, Computer Science and Economics @UCLA
Part 2 on “cognitive overload” is the crux of disillusionment with the economy and our view of the future. It is much harder to be optimistic when the weight of (screams) ***EVERYTHING*** is constantly hanging over your head.
Still too woke. Needs to be 12 point MLA format to truly return to our traditional American values.
The economy is largely a vibes machine and we can see this drop in sentiment playing out in the real numbers. We remember this post from earlier this year showing how AI spend now exceeds consumer spending in terms of contribution to GDP.
This feeling of immobility and lockout from participating in the booming parts of the economy contributes most to the decrease in consumer sentiment (at all time lows).
If this is true it definitely makes me think about switching more. Would be interested in how it does in Low Power mode with LTE turned off. If it lasts 24 hours I would do it.
As @kyla.bsky.social has extensively wrote about in her newsletter, the economy requires buy in to its future for the machine to keep rolling. Affordability makes it extremely difficult for young people to buy into that future which leads to dissatisfaction and desire for change.
One of the major factors that pushes down on this upward mobility is uncertainty. Lisa Cook’s (of recent news) research showed that when individuals are uncertain it leads to less innovation. If you don’t know what the future holds you aren’t going to buy into it.
By enacting policies that address the affordability crisis through increasing supply (housing, childcare, transportation, food accessibility and healthcare) you enable more millionaires to form in the city and therefore create more revenue.
The problem is that all current gains are being accumulated at the tippy top. The city has become unaffordable for those in the upper middle class down so they leave and never move up the income ladder.
This report about NYC needing more millionaires is being framed as if it is counter to progressive rhetoric. I would argue that they are not actually in conflict.
I’m learning how to color grade in Davinci Resolve for my next video. These are some of the early results. What do y’all think?
Another example of economic concentration eroding the American dream. Fewer firms means fewer places to apply which means more rejections. It feels like there is no point in working hard because there is no payoff.
As someone in their late 20s trying to figure out how to enjoy my hobbies and interests against the constant pressure of modern capitalism this essay really hit https://annehelen.substack.com/p/what-is-millennial-hobby-energy
Obsessed with this passage on creating a meaningful life from the Calvin and Hobbes creator credit to @essayful on Substack Notes for the find