But while both groups are not producing specialization and excellence, the reasons are quite different. Group 1 is capable of it, but CHOOSES not to. They have no incentive, they have no desire. They are opting out of gracing society with their excellence. Group 2, however, doesn’t have a choice. They are not CAPABLE of providing excellence and specialization either because they lack the skills or there is no economic opportunity for them to do so. Thankfully, for Group 1, it doesn’t matter. They’ve largely “got theirs” and can afford to merely scale down. But because of the lack of economic growth it is the young generations stuck in Group 2 that fall into the “DIY Poverty Trap.”
Sounds right enough. DIY poverty means you can’t pull yourself up by your own bootstraps because you ain’t got none.
Sounds right enough. DIY poverty means you can’t pull yourself up by your own bootstraps because you ain’t got none.
amen Cappy
well now cappy, piss poor example, one does not “need” a bike or expensive nail jobs. So one can treat doing them yourself as a second job, the money saved is tax exempt. When I worked out of need, I would often take on a part time job to be able to afford extras, like pay the MTG off quicker. I know a young lady ( 20 yrs old) who can not find a full time job, so she has 3 part time jobs, and a band of her own. She simply works with what is available to her. Your example construes that one can save “time” by paying some else to do certain things, which is true, but those things should be necessities for most who are on the lower end of things, and not “pleasures”, as they are self inflicted expenses. The “value” of a dollars rules apply here, not the value of time, unless it cuts into your working hours and thusly reduces your wages.
“ The “value” of a dollars rules apply here, not the value of time, unless it cuts into your working hours and thusly reduces your wages.”
When you specialize, you’re not on a clock. Every hour of every day has value because you can be (and likely are) devising solutions to problems well outside of normal working hours. That’s why we work on salary/contract, for the most part.
“well now cappy, piss poor example, one does not “need” a bike or expensive nail jobs”
One needs transportation, on-demand, and in this case, that’s Cappy’s bike.
It’s a good post. I tend to think in terms of “time required to produce the after-tax dollars” necessary for the good or service I’m after. If it’s something I enjoy doing, then I just view it as a form of entertainment with a side benefit. if it’s something for which I’ve no appetite then I apply the first analysis and decide wether I’m better off (assuming it’s within my competence) to do it myself or hire someone.
when your not knowledgeable enough to join the conversation, DON”T. You apparently do not understand the concept of the “value of a dollar”, so before commenting look it up and inform yourself.
and your second post is more ignorant bullshit!!! As there are many methods of transportation, and Bikes are a poor choice in most cases, I know because I rode bike most of my life.
“You apparently do not understand the concept of the “value of a dollar””
I understand the value of a dollar quite clearly. In my current position, I earn $120K-ish per year, which equates to about $0.23 for every minute I stay breathing. What’s a minute of your life worth? $0.10?
A few years ago, my car needed a new heater fan. I called my mechanic and got a quote, $365 for motor, about $300 for labour and then HST for a total of $751.45. But he said, if it were his car, he would simply replace the brushes. I called the dealer for the brushes but was told they did not have them – I had to buy the whole new motor. The partsman did suggest that any electrical shop would have brushes. The electrical counter guy pulled out a box full of brushes and gave me a pair that were bigger with the suggestion that I sand them down to the right size. Total cost of brushes – 50 cents each, and no tax!
Total savings $750.45, after tax. At 50% marginal tax rate, I would have had to earn $1,500.90 before tax to pay a mechanic (specialized occupation)to do the job. Note: a dealer will not do a repair due to warranty. If the repair fails, the dealer must absorb the cost. If the new motor fails, the factory pays for the warranty repair.
Sorry Cappy, It does not always work your way.
Are you handy? Hire out your DIY skills.
This handyman earned $14,000 in the last 30 days
TAX & SPEND,TAX & SPEND,TAX & SPEND thats the way of liberal demacrats
More “Bad Luck”
Yeah I used to that sorta thing….but then I used to do a lotta stuff….
These days, mostly I concentrate on keeping my head from writing cheques my body can’t cash….