The K Shaped Recovery

[Mik]

Have no idea if this is credible or not, but and interesting article.

https://www.americanbanker.com/list/who-the-k-shaped-recovery-is-leaving-behind?utm_source=audiencedev&utm_medium=social&utm_content=AllProspects&utm_campaign=facebook-keywee&kwp_0=1987844&kwp_4=5721716&kwp_1=2466565&fbclid=IwAR2SiCDsx0hII6WOjqCjvrCOXIiS568aksP_YSn3eAwOHOIN1XJEOHV3xjQ

[Mik]

As I read on it kind of comes down to them what has gets. If you have been more successful you are more likely to fare better in tough times.

Go figure.

[89th]

There seems to be this inaccurate idea that when someone is successful it requires someone else to fail. Individual wealth is not a zero sum game.

[Aqua Letifer]

@89th said in Thee K Shaped Recovery:

There seems to be this inaccurate idea that when someone is successful it requires someone else to fail. Individual wealth is not a zero sum game.

It's not direct, but it's even worse than that. One success requires about ten failures—more if the success is greater. It'll always follow a Pareto distribution, whether losers pull themselves up by their bootstraps or don't and live off the welfare state. And there's no greater social correlation than that of income inequality and violent crime.

Reds blame slackers, blues blame the rich, but really it's a function of having a society. Just gotta know that them's the rules and the proportions have to be accounted for.

[Copper]

@aqua-letifer said in Thee K Shaped Recovery:

@89th said in Thee K Shaped Recovery:

There seems to be this inaccurate idea that when someone is successful it requires someone else to fail. Individual wealth is not a zero sum game.

It's not direct, but it's even worse than that. One success requires about ten failures—more if the success is greater. It'll always follow a Pareto distribution, whether losers pull themselves up by their bootstraps or don't and live off the welfare state. And there's no greater social correlation than that of income inequality and violent crime.

Reds blame slackers, blues blame the rich, but really it's a function of having a society. Just gotta know that them's the rules and the proportions have to be accounted for.

Either way, it is a choice.

Just like abortions and vaccines.

[Jolly]

@aqua-letifer said in Thee K Shaped Recovery:

@89th said in Thee K Shaped Recovery:

There seems to be this inaccurate idea that when someone is successful it requires someone else to fail. Individual wealth is not a zero sum game.

It's not direct, but it's even worse than that. One success requires about ten failures—more if the success is greater. It'll always follow a Pareto distribution, whether losers pull themselves up by their bootstraps or don't and live off the welfare state. And there's no greater social correlation than that of income inequality and violent crime.

Reds blame slackers, blues blame the rich, but really it's a function of having a society. Just gotta know that them's the rules and the proportions have to be accounted for.

I think it's about hope and opportunity.

If a young person has a path to better their situation, a lot of problems fall by the wayside. Hope is a powerful force for good.

[Aqua Letifer]

@jolly said in The K Shaped Recovery:

I think it's about hope and opportunity.
If a young person has a path to better their situation, a lot of problems fall by the wayside. Hope is a powerful force for good.

Agree. And to be clear, I'm talking about the collective--those proportions will always stay the same, but anyone can move up, because there are multiple paths. We push STEM but thankfully that's not the only game in town, and technology provides more access to opportunities.

[Mik]

I think the real opportunities are in the trades right now. And there's not much need for a degree. You just have to want to work and you can easily end up with your own crew or company.

[Aqua Letifer]

@mik said in The K Shaped Recovery:

I think the real opportunities are in the trades right now. And there's not much need for a degree. You just have to want to work and you can easily end up with your own crew or company.

Media's huge, too. If you're a videographer/video editor, graphic designer/illustrator, motion graphics person, SEO writer, etc., etc., you can work for Capital One just as easily as you can Jake's Plumbing Services. Everyone needs an online presence, and there's a ton of freelance opportunity for those smaller businesses.

No degree required. Remote work very much an option.