The measure of a life is not what you consume, but what you contribute.
Spend less time owning, consuming, taking. Spend more time giving, creating, making.
I changed my mind on minimum wage after reviewing the data. I used to believe in letting the free market handle it, like most of you.
However, when California raised the minimum wage for fast-food workers, it increased prices for consumers by pennies (~1-2%).
There was zero downside... it didn't drive massive automation, nor did it cause businesses to shutter.
Exactly the same result as Australia and other American cities... no changes in jobs; restaurants didn't close.
We are at record profits for corporations.
We are at a record low in unemployment in America over the past five years.
We are at maximum social unrest due to wealth disparity.
We should WANT to see the lowest-earning Americans go from $12 to $15, to $20, and then to $25 an hour over the next decade.
This isn't virtue signaling; this is good business!
Why?
Individuals earning under $40,000 a year spend 100% of their income.
They save nothing... they just spend it at the same companies they earn it at (Amazon, McDonald's, the Apple Store, DoorDash, Uber, etc).
It increases monetary velocity.
Take the time to research all of this, and you'll find the only downside is for teenage workers, who aren't worth $15-20 an hour. It does depress those jobs, so we should keep teenagers at a lower rate.
Our expanded thoughts on an institutionโs freedom to pursue new opportunities, its economic rights, and its ability to expand them in the age of AI.
Please find attached our white paper, Institutional Sovereignty in the Age of AI, outlining the 15 steps governments and companies must take to protect both their sovereignty and their alpha.
https://t.co/rZuNeOKXU9
Happy Birthday America, Land of the Free.
Donโt give up on the First, Second, Fourth, and Ninth Amendments.
Theyโre unique, and your freedom - and the worldsโ - depends on them.
Sometimes habits and patterns belong to who you were, not who you are trying to be. If you'd like something better, then a routine you are comfortable with may have to die. @JamesClear
Let's call it gentle elimination. You may have to leave little habits, update current beliefs, eliminate comfortable patterns. When you want better outcomes, your daily norms may need to change. The process of improvement is not just about adding things you like.
Why is improvement hard?
Part of the issue is everyone wants to improve, but nobody wants to destroy. Change often requires destruction. Or, at least, unlearning.