Author Topic: #latestagecapitalism  (Read 411914 times)

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Madrun Badrun

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Re: #latestagecapitalism
« Reply #2160 on: January 22, 2020, 02:45:31 PM »
Sorry how is building high density housing not logically connect to rent control?

Flannel Boy

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Re: #latestagecapitalism
« Reply #2161 on: January 22, 2020, 02:49:01 PM »
Sorry how is building high density housing not logically connect to rent control?

I read it as the state building high-density housing. The state can build high density housing whether or not there is rent control on private rentals.

If Kara means the market is building this high-density housing, how is this a policy? It is an effect of policy.

Madrun Badrun

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Re: #latestagecapitalism
« Reply #2162 on: January 22, 2020, 03:04:40 PM »
The state can build high density housing whether or not there is rent control on private rentals, but a workable policy of rent control can not be done without state building is what I got from Karas post.  So it's not about economists testing for the effect given current policies it's about them not even testing potential policies and thus their effects due to bad assumptions. 

Flannel Boy

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Re: #latestagecapitalism
« Reply #2163 on: January 22, 2020, 04:15:19 PM »
There's no dispute that rent control causes shortages so it doesn't need to be studied. Kara's point is that rent control is maligned on that basis alone without acknowledging that there are policy combinations which include rent control and can still have a positive effect on housing.

But, again, those policy combinations do not require rent control. The question would then be which creates more affordable housing: rent control plus those policy combinations or those policy combinations without rent control?

The state can build high density housing whether or not there is rent control on private rentals, but a workable policy of rent control can not be done without state building is what I got from Karas post. So it's not about economists testing for the effect given current policies it's about them not even testing potential policies and thus their effects due to bad assumptions.

If you are right, that simply means that building public/social housing is necessary to make rent control workable (and obviously social housing itself needs rent control). It doesn't mean that a policy of rent control is preferable to a policy of no rent control.

What are these assumptions? That no other housing policies exist?

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Re: #latestagecapitalism
« Reply #2164 on: January 23, 2020, 03:15:55 AM »
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OnlyRegret

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Re: #latestagecapitalism
« Reply #2165 on: January 23, 2020, 06:03:45 PM »

OnlyRegret

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Re: #latestagecapitalism
« Reply #2166 on: January 23, 2020, 06:06:14 PM »
paging kara

nachobro

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Re: #latestagecapitalism
« Reply #2167 on: January 23, 2020, 07:50:45 PM »
traffic laws when picking up passengers on busy roads? not sure



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Re: #latestagecapitalism
« Reply #2170 on: January 24, 2020, 03:30:45 AM »
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Brehvolution

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Re: #latestagecapitalism
« Reply #2171 on: January 24, 2020, 11:24:36 AM »
https://twitter.com/QualiaRedux/status/1220061293287301120

My trump loving co-worker was an uber driver on the side. Until trumps trumps tax cuts and stock buyback act made it so he couldn't write off anything and taxed his bitcoin profits. Still loves trump tho.
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Flannel Boy

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Re: #latestagecapitalism
« Reply #2172 on: January 24, 2020, 01:02:15 PM »


Just work 11.5 hours a day and seven days a week for $1.25 per hour. And bring vegan food.

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Flannel Boy

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Re: #latestagecapitalism
« Reply #2173 on: January 24, 2020, 01:29:28 PM »
But, again, those policy combinations do not require rent control. The question would then be which creates more affordable housing: rent control plus those policy combinations or those policy combinations without rent control?
You're missing the temporal aspect here. The question isn't which housing policy produces the most affordable housing. A supply shortage's one and only solution is investment in supply (with the government helping that along or not). But development can only go so fast and so rent controls prevent the renters from being bled dry in the meantime. Even in situations where rent isn't intolerably high, rent control laws are a safeguard that can prevent a sudden migration boom from adversely affecting lower class rents while development catches up.

Edit: I have an obligation here I think to elaborate on that final sentence because clearly rent control laws could prolong that catch-up period... but this dovetails quite nicely with Kara's point and your question about why the state has to be involved in the building. Since investors have no idea where to build (because the profit rate is arbitrarily equalized between municipalities), the state has to step in to receive complaints about shortages or analyze vacancy rates. It could then either subsidize building costs in impacted cities (the market solution) or it can simply build its own housing (the public housing solution). Thus even in the market case the state has a central role to play.

All this is to say that rent-control does reduce the the quantity of housing available in a market (while benefiting those who already have units and don't need to move) but other policies can be put in place to counteract that--policies that have been unpopular in North America for a while, at least those involving the construction of public housing. If the state enacts rent control, according to you, it needs to be involved in building units.

In Ontario, modern rent control was introduced in 1975, and it has correlated with a decrease in the construction of purpose-built rental units. 83% of purpose-built rental units were built before 1980 and only 7% since 2000. This is worse in Toronto: less than 4% of rentals were built since 2000. I doubt rent-control is solely or primarily to blame (zoning laws, popularity of condos, land speculation, etc.), but the government has not done its part to mitigate the harm.

Since about 1995, rent control laws have been changed three different times. During that time, only about 20,000 units of public housing have been constructed, increasing the supply by less than 10% while the population has grown by more than 30%. Only about 5% of low-income Ontarians on wait lists (most don't bother to get on the lists) are housed in these units in a given year. It's easy and inexpensive to change rent control laws, but it's difficult and costly to build units.

bluemax

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Re: #latestagecapitalism
« Reply #2174 on: January 24, 2020, 09:49:38 PM »
My neighborhood has dumb restrictions like, any new building has to have the first floor have retail and the build is capped at 4 floors (Can't have people on the hill losing their view of the ocean!). So buildings where the biggest place probably topped out at $3k are getting replaced with stuff where you can't get a 1 bedroom for $3k.
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Flannel Boy

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Re: #latestagecapitalism
« Reply #2175 on: January 25, 2020, 09:37:05 AM »
My neighborhood has dumb restrictions like, any new building has to have the first floor have retail and the build is capped at 4 floors (Can't have people on the hill losing their view of the ocean!). So buildings where the biggest place probably topped out at $3k are getting replaced with stuff where you can't get a 1 bedroom for $3k.

The retail requirement could make sense. The cap is dumb.

This is a Toronto zoning map.


Yellow = detached and semi-detached housing. No duplexes or triplexes. This means Toronto looks like this when you leave the core:


Flannel Boy

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Re: #latestagecapitalism
« Reply #2176 on: January 25, 2020, 10:28:19 AM »
https://www.cnbc.com/2020/01/23/reuters-america-in-central-poland-robots-replace-people-as-minimum-wage-rises.html

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STARE MIASTO, Poland, Jan 23 (Reuters) - Henryk Kaminski has responded to a hike in Poland’s minimum wage by automating some roles at his family’s plastics factory, illustrating the risks of a policy that aims to raise living standards but could push up prices and stifle jobs growth.

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At Kon-Plast, the factory at Stare Miasto near Konin in central Poland where the Kaminski family produces plastic containers, a newly purchased printing machine will replace two staff members on each of four teams that work shifts.

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While Kon-Plast pays all its staff more than the minimum wage, it has raised salaries as a result of January’s hike.

Kaminski does not plan to shed employees at the moment but said the shift to automation means an increase in the workforce of about 15% to meet demand will not now be needed.

-Story that a raise in minimum wage (to around 600 Euros a month?) in a country with the EUs third lowest unemployment means that workers will be replaced by "robots."
-Employer used as anecdote actually has no minimum wage workers.
-No evidence employer wouldn't use automation anyway.
-No evidence employer wouldn't have given employees raise anyway because of tight labor market plus 3%-4% inflation.
-Employer did not actually shed employees.

The article also blames the minimum wage increases on the increase in inflation, but doesn't explain how much of the increase is to be blamed on the policy. I'll let ING do the work for them. 

From ING:
Quote
According to our estimates these strong minimum wage rises should add 1.2-2.2ppt to average salary dynamics in 2020 and maintain this elevated growth in following years. Each 1ppt of wage growth adds 0.3ppt to CPI.
So the 15% increase in minimum wage will add 1.2-2.2ppt to overall wages. This seems small, but see here:

Quote
Evidence for Canada is provided by Fortin and Lemieux (2015) who find, based on panel regressions on provincial annual data, that a 1 per cent minimum wage increase leads to a 0.67 per cent increase in the 5th percentile of the wage distribution that year, a 0.31 per cent increase in the 10th percentile, and a 0.08 per cent rise in the 15th percentile. Above the 15th percentile, the impact is statistically insignificant.

According to ING's math, a 1.2-2.2% increase in wages will lead to 0.36 to 0.66% in CPI.  A Canadian study by the Bank of Canada found even less of an impact (0.7 to 0.1.). But the dynamics are probably different.

Anyway, a 15% increase in minimum wage (in Poland at least) will lead to a .66% increase in CPI at most.

Quote
“I get more at work, for me it’s 500 zlotys (a month),” said Daniel Nowak, 23, standing behind the counter of the Warsaw supermarket where he works.

“I can buy more things ... but also the price of goods has gone up so it’s like I don’t feel it all that much.”

 ::)

Flannel Boy

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Re: #latestagecapitalism
« Reply #2177 on: January 26, 2020, 05:05:48 PM »
Love the pods.
https://www.sfgate.com/bayarea/article/underground-beds-sleeping-pods-San-Francisco-14957185.php
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Developer Chris Elsey of Elsey Partners . . . plans to build two apartment buildings in San Francisco's Mission District that would each include two basement-level floors with 88 so-called "sleeping pods," measuring about 50 square feet each, just a little bigger than a king-size bed.

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In the basement-level floors, the sleeping pods are stacked on top of one another, like bunk beds, with one side opening to a common living space. It has a feel similar to a youth hostel or college dorm. A curtain could provide privacy in the sleeping pods

Quote
The sleeping pods would rent for $1,000 to $1,375 each





Flannel Boy

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Re: #latestagecapitalism
« Reply #2178 on: January 26, 2020, 05:21:11 PM »
that's kind of cool actually
Spend the $1,375 on a flight to Sweden.
Commit a crime.
Live here:

9’ ceilings!


Joe Molotov

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Re: #latestagecapitalism
« Reply #2179 on: January 26, 2020, 05:37:58 PM »
yeah, but the pods have a curtain that can provide privacy
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Flannel Boy

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Re: #latestagecapitalism
« Reply #2180 on: January 26, 2020, 08:10:16 PM »
yeah, but the pods have a curtain that can provide privacy
According to the article, no sex is allowed in the pods. The other place has unlined Swedish sausage.

OnlyRegret

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Re: #latestagecapitalism
« Reply #2181 on: January 26, 2020, 08:54:19 PM »

Nintex

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Re: #latestagecapitalism
« Reply #2182 on: January 28, 2020, 07:22:19 AM »
🤴


BisMarckie

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Re: #latestagecapitalism
« Reply #2184 on: January 28, 2020, 06:57:32 PM »
Even if you ignore the Zyklon B thing, they also requested Auschwitz-Monowitz (Auschwitz III) to be built for their Buna plant. :hitler

Occam

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Re: #latestagecapitalism
« Reply #2185 on: January 28, 2020, 08:10:46 PM »
https://twitter.com/nottoowarmplz/status/1222019331577405445

This isn't quite right. IG Farben didn't produce the Zyklon B, Degesch corporation (founded in 1919) did, of which IG Farben later owned shares. IG Farben's own claim to infamy was its use of slave labor in its Buna plant (where they produced synthetic rubber and fuel) next to Auschwitz III Monowitz (which was purposely built for IG Farben).
Also, BASF didn't found IG Farben, it was only one of 8 companies that merged into IG Farben in 1925.
« Last Edit: January 28, 2020, 08:20:17 PM by Occam »
504

Flannel Boy

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Re: #latestagecapitalism
« Reply #2186 on: January 28, 2020, 08:54:35 PM »
Is this why the Bore prefers Taco Bell?

Chipotle cited with 13,253 child labor law violations in Massachusetts
https://www.cnn.com/2020/01/28/business/chipotle-child-labor-law-violations/index.html
Quote
New York (CNN Business)Chipotle agreed to pay a $1.3 million fine for more than 13,000 child labor violations at several of its Massachusetts locations.

$100 per violation? Seems worth it.

BisMarckie

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Re: #latestagecapitalism
« Reply #2187 on: January 28, 2020, 09:03:26 PM »
kinda weird that the genocide guy knows so much about the Holocaust

I am sorry, I still think every Pizza Hut need to be wiped off the map. :hmph

Tripon

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Re: #latestagecapitalism
« Reply #2188 on: January 28, 2020, 10:23:55 PM »

VomKriege

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Re: #latestagecapitalism
« Reply #2189 on: January 29, 2020, 07:26:54 AM »
https://twitter.com/ran_lpl/status/1222103940545773568

We no longer live in a world of nations and ideologies, Mr. Beale. The world is a college of corporations, inexorably determined by the immutable bylaws of business. The world is a business, Mr. Beale. It has been since man crawled out of the slime. And our children will live, Mr. Beale, to see that perfect world in which there's no war or famine, oppression or brutality -- one vast and ecumenical holding company, for whom all men will work to serve a common profit, in which all men will hold a share of stock, all necessities provided, all anxieties tranquilized, all boredom amused.
ὕβρις

Nintex

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Re: #latestagecapitalism
« Reply #2190 on: January 29, 2020, 07:49:27 AM »
🤴

Flannel Boy

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Re: #latestagecapitalism
« Reply #2191 on: January 29, 2020, 04:27:08 PM »
:nsfw

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The future :noah
Looks like Demi’s present.

EchoRin

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Re: #latestagecapitalism
« Reply #2192 on: January 29, 2020, 04:54:57 PM »


Dead or not. Sell those chocolates

Occam

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Re: #latestagecapitalism
« Reply #2193 on: January 29, 2020, 05:11:21 PM »
Isn't that seven years old?
Steve McQueen has been used in two Ford commercials, too.
Edit: The second one was shown 15 years ago.
« Last Edit: January 29, 2020, 05:17:45 PM by Occam »
504

Occam

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Re: #latestagecapitalism
« Reply #2194 on: January 29, 2020, 05:25:57 PM »
Anyway, using the likeness of dead people to market stuff is hardly new or capitalist.
504

Nintex

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Re: #latestagecapitalism
« Reply #2195 on: January 29, 2020, 06:08:29 PM »
Socialists have walked around with Che Guevara t-shirts for years  :trumps
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EchoRin

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Re: #latestagecapitalism
« Reply #2196 on: January 29, 2020, 07:04:41 PM »
Anyway, using the likeness of dead people to market stuff is hardly new or capitalist.

I mean in this particular case it's the only purpose. To sell more chocolates. Tacky use of CGI of a dead person is kinda ehhhh to me. edit: kinda like how some movie studio was or is planning to use James Dean in CGI form for something new.

But yes it is an oldie now.

OnlyRegret

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Re: #latestagecapitalism
« Reply #2198 on: January 30, 2020, 03:42:03 PM »
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Re: #latestagecapitalism
« Reply #2199 on: January 30, 2020, 03:43:46 PM »
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Great Rumbler

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Re: #latestagecapitalism
« Reply #2200 on: January 30, 2020, 03:58:11 PM »
https://twitter.com/chrisjacobsHC/status/1222874181945241601

"It's so simple a child could figure it out! Now, let me explain the process across 20 Tweets..."
dog

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Re: #latestagecapitalism
« Reply #2201 on: January 30, 2020, 07:38:01 PM »
Quote
The San Francisco-based company was founded in 2005 and became known for its unique model of providing free, ad-supported health-records software to independent doctors.

:nope
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Joe Molotov

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Re: #latestagecapitalism
« Reply #2202 on: January 30, 2020, 08:25:44 PM »
Let’s see if you have any drug allergies...hold on...just gotta watch a 30 second ad for Raid: Shadow Legends first.
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bluemax

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Re: #latestagecapitalism
« Reply #2203 on: January 30, 2020, 10:25:54 PM »
NO

Joe Molotov

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Re: #latestagecapitalism
« Reply #2204 on: January 31, 2020, 07:31:26 AM »
$33 more than I have tbh
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Nintex

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Re: #latestagecapitalism
« Reply #2205 on: January 31, 2020, 12:29:18 PM »
Technically lagestagesocialism but whatevs
https://twitter.com/globaltimesnews/status/1223218977570078721
🤴

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Re: #latestagecapitalism
« Reply #2206 on: January 31, 2020, 03:34:52 PM »
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OnlyRegret

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Re: #latestagecapitalism
« Reply #2207 on: January 31, 2020, 03:36:19 PM »
Technically lagestagesocialism but whatevs
https://twitter.com/globaltimesnews/status/1223218977570078721

chasing old people with drones :rejoice
run boomer, run

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Re: #latestagecapitalism
« Reply #2208 on: February 02, 2020, 04:12:03 PM »
*****

OnlyRegret

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Re: #latestagecapitalism
« Reply #2209 on: February 03, 2020, 04:36:12 PM »
Can bash Rao a bunch but what a great grift she runs, I gotta admit. Be rich and fleece whites for dollars and all you gotta do is shittalk them :rejoice

Flannel Boy

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Re: #latestagecapitalism
« Reply #2210 on: February 03, 2020, 04:45:08 PM »
https://twitter.com/allahliker/status/1224430949548601344
Quote
Morgan Richards admits she recently did nothing when someone patronizingly commended her for adopting her two black children, as though she had saved them. “What I went through to be a mother, I didn’t care if they were black,” she says, opening a window for Rao to challenge her: “So, you admit it is stooping low to adopt a black child?” And Richards accepts that the undertone of her statement is racist
.

 :social

Flannel Boy

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Re: #latestagecapitalism
« Reply #2211 on: February 04, 2020, 07:57:22 PM »
Quote
On Tuesday, a special condo sales event is being held in Toronto where invited guests will be able to purchase pricey downtown condo units for as much as $8 million and get a chance to spin a wheel for prizes that include a new Porsche, a Rolex watch, ultra expensive Hermes Birkin handbags and shopping “sprees” at Holt Renfrew.

The Lunar New Year party, set to take place in the evening in a third-floor ballroom at the upscale Shangri-La hotel on University Avenue, is being hosted by the people behind the planned King Toronto project, a luxury condo development slated for the King Street and Spadina Avenue area.

https://www.thestar.com/news/gta/2020/02/04/porsches-and-rolex-watches-among-prizes-at-toronto-condo-sales-party.html

eleuin

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Re: #latestagecapitalism
« Reply #2212 on: February 05, 2020, 02:01:40 AM »

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Re: #latestagecapitalism
« Reply #2213 on: February 05, 2020, 11:40:02 AM »
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Re: #latestagecapitalism
« Reply #2214 on: February 05, 2020, 01:13:18 PM »
hello @yumbrands
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Nintex

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Re: #latestagecapitalism
« Reply #2215 on: February 05, 2020, 01:37:57 PM »
🤴

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Re: #latestagecapitalism
« Reply #2216 on: February 05, 2020, 02:51:36 PM »
 :lol
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Yeti

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Re: #latestagecapitalism
« Reply #2217 on: February 05, 2020, 07:01:53 PM »
WDW

Flannel Boy

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Re: #latestagecapitalism
« Reply #2218 on: February 06, 2020, 12:03:16 PM »
https://torontostoreys.com/home-prices-gta-january-trreb-2020/

Quote
Moreover, the average selling price in January was up by 12.3%, driven by the detached and condominium apartment segments in Toronto.

The average detached price in the 416 is up 16.7% to $1,369,848. The average condo price is up 15% year over year.

That detached price is affordable with a combined income of $200k at $270k down, assuming a 30-year mortgage.

This is fine.

BisMarckie

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Re: #latestagecapitalism
« Reply #2219 on: February 06, 2020, 01:06:03 PM »
https://gfuel.com/

As someone who enjoys a Monster or Rockstar energy drink from time to time, I don't think I am in the position to judge. :existential