Fantastic stack. It’s not a very long shot to connect exactly this with a certain kind of ascendant political resentment in the US and a strained relationship with meritocracy
I found this an interesting and entertaining take on what I think is a real phenomenon but disagree about the prevalence. Also strongly disagree that voting choices are revealed preference on prices versus immigration. It’s way more complicated with a lot of factors, not to mention average joe has no understanding of what has what affect on the economy. You did used to be able to support a family on a 9-5 salary and now you can’t, people aren’t making that up because they’re so lazy.
Point taken on the immigration/wages distinction, though I'd say that politicians may know their voters' preferences better than the voters themselves do - the voter may not understand the nature of the tradeoff, but the politician knows if they take that tradeoff, voter will get really mad about higher prices and likely swing towards the opposition party.
Fantastic stack. It’s not a very long shot to connect exactly this with a certain kind of ascendant political resentment in the US and a strained relationship with meritocracy
I found this an interesting and entertaining take on what I think is a real phenomenon but disagree about the prevalence. Also strongly disagree that voting choices are revealed preference on prices versus immigration. It’s way more complicated with a lot of factors, not to mention average joe has no understanding of what has what affect on the economy. You did used to be able to support a family on a 9-5 salary and now you can’t, people aren’t making that up because they’re so lazy.
I'll take "interesting and entertaining"—thanks!
Point taken on the immigration/wages distinction, though I'd say that politicians may know their voters' preferences better than the voters themselves do - the voter may not understand the nature of the tradeoff, but the politician knows if they take that tradeoff, voter will get really mad about higher prices and likely swing towards the opposition party.