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Cake day: June 14th, 2023

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  • UnderpantsWeevil@lemmy.worldtoLemmy Shitpost@lemmy.worldJust think about it
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    22 hours ago

    OK what do you propose we call it when there is a job that literally requires prior experience or certifications vs a job that doesn’t?

    Any job can be regulated.

    In Texas, cosmetology students must complete a minimum of 1,000 hours of instruction at an accredited beauty school to become licensed.

    In Oregon, no such license is required.

    Does this mean a cosmetologist’s status as “skilled worker” evaporates upon stepping off a plane from Houston to Portland?

    Because you cannot tell me that it’s OK to hire anyone and teach them brain surgery on the job.

    That’s exactly what professional hospital surgeries do. They identify candidates for hire and train them with their veteran staff.

    Nobody is born knowing brain surgery. Nobody is born with a number of successful surgeries under their belts. Everyone starts from square one.

    What makes brain surgery different from HVAC repair isn’t skill, its liability. If you fuck up a unit then you’ve caused a few hundred dollars in damage. If you fuck up a brain, you kill someone.

    But they both require skill and experience to do reliably and efficiently.


  • even with the puniest of interest rates, you’d still make more than enough just off the interest to live somewhat comfortably

    I’d go one step further and assert that wealth compounds and borrowing rates fall with your aggregate wealth. Treasuries are the safest of safe bets, but there are much higher returns to be had with some minimal risk that become accessible when you have large cash reserves and access to cheap credit. Home ownership is a classic example. Save thousands of dollars a year on rent by owning an appreciating asset you get to live in.

    You don’t need $100M to make this work. $100k can turn a handsome profit through compound returns on investment. In a stock market that yields 7%/year, you double your money in a decade.

    Let me start borrowing at the Prime Rate and the sky is the limit. I can take out a loan for 4.3% and invest in an index fund like the S&P that has returned 12.9% APY over the last 10 years. When I’m cleaning up 8.6% on my borrowed money, what’s the right number of dollars to borrow? Every dollar I can get my hands on.




  • UnderpantsWeevil@lemmy.worldtoLemmy Shitpost@lemmy.worldJust think about it
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    2 days ago

    If I’m a construction worker who spent decades perfecting my skills so I get promoted to management

    Tell me you’ve never worked construction without telling me you’ve never worked construction.

    Or management, for that matter. You’ll get managers straight out of college overseeing career specialists on the verge of retirement.



  • UnderpantsWeevil@lemmy.worldtoLemmy Shitpost@lemmy.worldJust think about it
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    2 days ago

    Unskilled work means you don’t need prior experience or specific education to apply.

    It means whatever the employers want it to mean. But anyone who has worked anywhere for a significant length of time knows the value experience brings in a role.

    Whether you’re packing boxes or picking fruit or doing brain surgery, the speed and accuracy of your work is predicated on experience. Not something you get through a crash course or a certificate. You have to do the work to learn the work in every field.

    That’s what makes “unskilled” labor a myth.