Comment by TheOtherHobbes
18 days ago
The best way to teach financial literacy is to pay everyone more, and make economic culture participatory and cumulative - not the current bizarre and toxic zero-sum system which elevates mediocre and/or damaged people who compensate for low self-esteem with inherited status and predatory power games.
Teens should start a business? With what? Most families in the US are dirt poor, and even setting up a basic YouTube or Etsy business is going to need a couple of hundred dollars of startup investment for materials, creative software, something...
This will shock many, but tens of millions of families can't afford to take a risk like that.
And one of the things that defines millennial culture is that many millennials already have a main job, a side gig, and some kind of online hustle, and still aren't earning enough to break even.
The US has the highest average household income in the world. There are tens of millions of households that can help their kids start a "business" whether it requires high capital investment or low. Some people will be able to buy a 3D printer and make something cool. Many will create lemonade stands. That is fine.
>And one of the things that defines millennial culture is that many millennials already have a main job, a side gig, and some kind of online hustle, and still aren't earning enough to break even.
Online bubble, I think, unless my experience is highly atypical. The vast, vast majority of people just have one normal job.
Society needs nurses and plumbers. Not more dropshippers and influencers.