Hipsters on Food Stamps, Part 2
28th May 2013
It’s a simple thesis and no one wants to hear it: hipsters may lack drive, but the world they live in wasn’t set up by them, it was set up by their parents, i.e. the Dumbest Generation Of Narcissists In The History Of The World, the ones who magnified the importance and cost of college without having any idea of what should be its purpose, let alone its content.
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So start with an interesting hypothetical: does everybody need to work anymore? I understand work from an ethical/character perspective, this is not here my point. Since we no longer need e.g. manufacturing jobs– cheaper elsewhere or with robots– since those labor costs have evaporated, could that surplus go towards paying people simply to stay out of trouble? Is there a natural economic equilibrium price where, say, a U Chicago grad can do no economically productive work at all but still be paid to use Instagram? Let me be explicit: my question is not should we do this, my question is that since this is precisely what’s happening already, is it sustainable? What is the cost? I don’t have to run the numbers, someone already has: it’s $150/mo for a college grads, i.e. the price of food stamps. Other correct responses would be $700/mo for “some high school” (SSI) or $1500/mo for “previous work experience” (unemployment). I would have accepted $2000/mo for “minorities” (jail) for partial credit.