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Cake day: June 14th, 2023

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  • The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke

    The authors present quantitative data to demonstrate how American middle-class families have been left in a precarious financial position by increases in fixed living expenses, increased medical expenses, escalating real estate prices, lower employment security, and the relaxation of credit regulation.

    The result has been a reshaping of the American labor force, such that many families now rely on having two incomes in order to meet their expenses. This situation represents a greater level of financial risk than that faced by single-income households: the inability of either adult to work, even temporarily, may result in loss of employment, and concomitant loss of medical coverage and the ability to pay bills. This may lead to bankruptcy or being forced to move somewhere less expensive, with associated decreases in educational quality and economic opportunity

    Among the expenses driving the two-income trap are child care, housing in areas with good schools, and college tuition. Warren and Tyagi conclude that having children is the “single best predictor” that a woman will go bankrupt

    Warren and Tyagi call stay-at-home mothers of past generations “the most important part of the safety net”, as the non-working mother could step in to earn extra income or care for sick family members when needed. However, Warren and Tyagi dismiss the idea of return to stay-at-home parents, and instead propose policies to offset the loss of this form of insurance.

    Warren and Tyagi attempt to overturn the “overconsumption myth” that Americans’ financial instabilities are the result of frivolous spending – they note, for instance, that families are spending less on clothing, food (including meals out), and large appliances, when adjusted for inflation, than a generation prior.


  • Normal people either can’t afford these devices or don’t have time for all the hassle

    Had a friend who was getting by on $2k/mo and got herself a $1400 top of the line iPhone, because her carrier gave her a reduction in her monthly payment plan (for an obscene amount of debt and locked-in service on the back end). Her brother jail-broke it for her and did the normal “cleaning off all the bloatware” due-diligence.

    This is just something we all put up with in the modern day. “Normal people” have a harder time navigating the bullshit, but its a lake we all have to paddle through.





  • UnderpantsWeevil@lemmy.worldtoGames@lemmy.worldPAPERS, PLEASE - The Short Film
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    4 days ago

    Doesn’t seem like years of sanctions on Russia, Iran, or North Korea had a sufficient impact to cause any change.

    Seems like it made them more insular, more self-sufficient, and more hostile to future diplomatic entreties.

    Change by force can have negative results, and change by economic means can have positive ones

    What if, instead of trying to extort or kill a nation’s residents in order to force them to adopt your preferred foreign policy, you simply afforded them an opportunity for peaceful coexistence?


  • Genuinely wonder how much mileage you could get if you just went on Truth or Rumble or 4chan or wherever reactionaries are pooling today and started posting a bunch of “These are the machines that the Deep State is using to control the weather” entirely unironically.

    Slap in some numerology, blame California Leftists and Chinese Communists and George Soros. Get the QAnon-ers to bake on it. Might get a few of the more enthusiastic zealots to start seeing coal fired plants like Christian Conservatives see abortion clinics.


  • …made in 2018 by a Russian team. Way before the whole Ukraine war thing, you understand

    Flipping through a history book on Russian/Ukrainian relations in the 21st century

    Closing the book, putting it back on the shelf, whistling, and walking away

    More seriously, I’ll never understand folks who hear “So-and-so is from Nationality X, so now I must/must not purchase products from them because of their bloodline.”