Btw I have worked on production lines with very "poor" people and I can tell you they didnt end there by chance. Also they are wasting a LOT of money on stuff they dont need. So if some of the poorest people have enough money left to purchase a lot of junk who is really stuck on a job/couldnt work for a little less? If even the poorest people are have money left.

go to a homeless shelter and see how many are smoking cigarettes or spending every penny on booze. Some of them are addicted, others just can't delay self-gratification and blow all their money and question why they can't afford to buy a house/rent an appartment

why do you think poor people stay poor and rich people stay rich @scaevola @Draco552

sry I left I was talking to someone

because they don't know how to manage money

do you mean over time or between generations?

why can't they manage money? and both scaevola

Some people are just bad at managing money (meaning they would have to be taught and work hard at managing their money), other people just give in to temptations and decide to manage money poorly

people of lower incomes generally speaking are not as good at delaying gratification, which means they are not as good at managing money long term, but also that they arent as good at developing a rare skill set which would give them the opportunity to make more money, since developing a difficult skill involves spending a lot of time for a reward that is very far in the future

why are rich people born with this ability?

There is some learning from your environment involved, but mostly these things are inherited to a certain extend which is why rich people are more likely to stay rich and poor peple are more likly to stay poor, that being said there are a lot of poor people rising in income between generations and a lot of rich people blowing their money.

its just not completely random. Also smart rich parents can make sure their irresponsible offspring cant spent all their inheritance on trash.

most Americans atm will make less than their parents now though

so they would stay rich without being good with money

you think genetics results in being good with money

?

iq is 50-80% genetic and higher IQ people are generally better at delaying gratification, maybe because they are better at conceptualizing the eventual reward.

should society be organised though birth right?

what do you mean by birthright?

whats your definition

sounds like you're saying where people end up is because of being born with a high iq

there is chance and hard work involved, but mostly yes. People with ability and intellegence can rise to the top, and those things are genetic. Thats not birthright though. Birthright in a monarchy or aristocratic society means you will be at a certain level of society because you are a child of your parents no matter your ability or work ethic.

Also you can always work harder that someone slightly smarter than you, and get further than them. Most people just dont do that, so when looking at nation wide statistics on income level and iq those data points dont show up. You are not as restricted by IQ as I might make it sound, but the average person works as hard as the next average person and in that case the smarter average person has the upper hand.

will wages stop stagnating?

Are they stagnating now? Seems to me like you are able to buy cooler and cooler stuff for the same amount of money as time goes on, so living standards can rise even if wages dont. But how would we know wages are closely tied to the economy and the economy is so fragile and can be influenced by a thousand things. Sorry im not too optimistic about the economy, my father sent me an article about 10 year government bonds being at a lower value than 2 year government bonds this week and now Im depressed. Happens every year for me but the economy seems to go on.

I think the government bond situation changed back, but thats what the article said would happen🤔

for now

destroy the system from the inside ✊🏿

tmw I make more than both of my parents combined 🇺🇲

Why did he get into that relationship?

For the abuse obviously.

He's masochistic.

I say anyone stupid enough to get into and stay in a relationship like that deserves to be in it.

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#DoomSlayer

-Cues Heavy Metal