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- Hacker News
- As a parent, I've always wished that something like that would exist in the united states. I live in a nice town in the northeast but kids hang out at a local dunkin donuts or gas station or cvs. We have some of the highest property tax rates in the country and families move here specifically for the school system so there are a lot of young kids and there are a few playgrounds for younger kids but for 10-18 year olds there really is not much.by readgrounded
- The act of visiting grandma doesn't need to be legible to the economy, rather the time that might possibly be used to visit grandma needs to be illegible to the economy.
Speaking from a US perspective, the straightforward solution to this was defining full time work as 40 hours per week, and then incentivizing companies to not go over this (by automatically increasing pay rates). In addition, the setup where men worked in economically-legible employment while women did not effectively halved this number.
That number was never updated with women entering the workforce, nor with automation, offshoring, etc. Meanwhile the whole idea was undermined with the dynamic of "exempt" salary positions. That limit of 40 hours per week should be something like 15 hours per week in the modern world!
Furthermore, the surplus income from all this extra employment didn't end up going into workers' savings, thus creating a natural market feedback where workers would have more market power and insist on working less (as the marginal utility from the dollars for each hour worked would be less). Rather it went into nearly-zero-sum competition for housing (aka rent), which the article touches on as the forcing function that demands continued high-hour employment.
by mindslight - Great article. I agree money and time are significant issues here.
I’d just add something else I’ve noticed with social organizations, that people used to run them more often, and one form of compensation they got was status in the community for doing something good for everyone, and that status feels like it has diminished since I was a kid. As America has changed demographically, some cultural traditions like volunteerism haven’t diffused as well. There is a tendency when two status systems live side by side, that the lingua franca is always money, and so people focus on that because having money is recognized by everyone.
It would be awesome if we emphasized this more in schools. One place to start would be talking more about my favorite founding father, Ben Franklin, who started the first public library and the first fire department in the U.S.
by cameldrv - We shouldn’t expect markets to solve all problems. That’s why there are public institutions and government regulations, to take care of the issues that the markets can’t. That the room only exists due to public grants isn’t a flaw, it’s what a functioning society should be doing. What the economy should do is provide the financing for such programs through taxes.by layer8
- > You cannot sell “a place for lonely teenagers to feel less lonely.” The value is real, but it spills out sideways
The economic notion of value is wealth-weighted. This is very, uhh, unique -- other notions of value are generally not. Whenever the economic notion of value is saying that (obviously good thing) is worthless or that (obviously evil thing) is supremely valuable, it is worth remembering this and asking "valuable for whom?"
- Here is where we’ve found those rooms: 1. In scouts gatherings at churches or campgrounds (zero religious connotation - just use of unused space during the week). 2. In play dates with other families. 3. In sports clubs that have regular practice. 4. In local libraries which are a fantastic resource, especially for caregivers of young kids. 5 In local elementary schools where playgrounds are open and older kids can ride bikes in the yard. 6. In local parks. The market tries to capture the surplus capacity of people with no other obligations or kids. The hard part is finding the trustworthy people who will be a part of your community and the fellow families who want the same community for their children. Trust-based communities will carpool, and take turns for hosting play dates, and ignore messes to enable social interaction, and keep screen time off to ensure social interaction instead of zombie mode. There is market incentive to it and it is rare and it is hidden because it is rare and fodder for abuse. Trust networks exist in parallel to the market but they take offering value to receive value and not in a monetary way and they are also very unevenly distributed. The market profiting from gambling, and addiction, and alcohol means there are fewer safe places for this kind of network to build. But it can be started with as little as 2-3 families banding together.by dzink
- In my experience, the key element is slack.
For a while, I did not have to worry about money, so I could afford to be generous with my time, and to work on things that are not financially viable. It did a lot of good. I've built so many useful things and helped so many people individually.
Now, AI is tightening the screws, so I spend a lot more time worrying about making money.[0] I have to be leaner and meaner, and there just isn't enough time and energy left to work on useful things. Instead of building a community for immigrants, I'm trying to sell them insurance. I share the author's frustration because the economy is blind to the loss, even though people feel it.
I don't really like the government funding models, because I've seen what it funds in my industry. Price signals are a poor proxy for public use, but they're still better than blindly funding useless projects.
Giving people financial slack might be a better way to achieve that. If people have their own "20% time", we might see a lot of economically invisible problems get the attention they deserve.
by nicbou - Very good and well-written. I wish we would also acknowledge that the market, by disincentivizing spend on stuff like this, is performing well. It is optimizing. The reason it matters to acknowledge this up front is so that we can, as the article says, get to the rule below all this which is that the market is default. This is a clear and thorough example of how the profit motive does not lead to the life any of us want to live and so these markets should be contained within a superstructure that has motives other than profit.by ixtli