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Dollar General Hits a Gold Mine in Rural America - Bloomberg
“It reminds me of a craps table,” Brown, the commercial real estate analyst, says. “Essentially what the dollar stores are betting on in a large way is that we are going to have a permanent underclass in America. It’s based on the concept that the jobs went away, and the jobs are never coming back, and that things aren’t going to get better in any of these places.”

HOW DOLLAR GENERAL BECAME RURAL AMERICA’S STORE OF CHOICE: https://www.wsj.com/articles/how-dollar-general-became-rural-americas-store-of-choice-1512401992

The Supply Chain In Lieu Of The Welfare State: https://gnxp.nofe.me/2017/12/04/the-supply-chain-in-lieu-of-the-welfare-state/

http://marginalrevolution.com/marginalrevolution/2018/01/u-s-fact-day-2.html
“Over the last five years a new Dollar General opened every four-and-a-half hours…”

That is from The Economist. The article attributes much of the success of the chain to its location decisions, such as opening near churches, schools, highways, and post offices.
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october 2017 by nhaliday
Where Has Progress Got Us? - NYTimes.com
THE TRUE AND ONLY HEAVEN Progress and Its Critics. By Christopher Lasch. 591 pp. New York: W.W. Norton & Company. $25.

reviewed by William Julius Wilson

Lower-middle-class culture, Mr. Lasch argues, reflects an emphasis on the family, the church and the neighborhood. A community's continuity is valued more highly than individual advancement, social solidarity is favored over social mobility and the maintenance of existing ways takes precedent over mainstream ideals of success. Parents want their children to succeed in life, but they also want them to be considerate of their elders, to willingly bear their responsibilities and to show courage under adversity. "More concerned with honor than with worldly ambition, they have less interest in the future than do upper-middle-class parents, who try to equip their children with the qualities required for competitive advancement."

Mr. Lasch acknowledges the provincialism and narrowness of lower-middle-class culture, and he does not deny that "it has produced racism, nativism, anti-intellectualism, and all the other evils so often cited by liberal critics." But, he maintains, in their zeal to condemn such objectionable traits, liberals have failed to see the valuable features of petty-bourgeois culture -- what he calls moral realism, skepticism about progress, respect for limits and understanding that everything has its price.
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october 2017 by nhaliday
Credit Scores and Committed Relationships
We document substantial positive assortative matching with respect to credit scores, even when controlling for other socioeconomic and demographic characteristics. As a result, individual-level differences in access to credit are largely preserved at the household level. Moreover, we find that the couples’ average level of and the match quality in credit scores, measured at the time of relationship formation, are highly predictive of subsequent separations.
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august 2017 by nhaliday
In Defense of Individualist Culture | Otium
The salient feature of an individualist environment is that nobody directly tries to make you do anything.

...

I see a lot of writers these days raising problems with modern individualist culture, and it may be an especially timely topic. The Internet is a novel superstimulus, and it changes more rapidly, and affords people more options, than ever before. We need to think about the actual consequences of a world where many people are in practice being left alone to do what they want, and clearly not all the consequences are positive.

But I do want to suggest some considerations in favor of individualist culture — that often-derided “atomized modern world” that most of us live in.

We Aren’t Clay

interesting: https://slatestarscratchpad.tumblr.com/post/162329749236/httpssrconstantinwordpresscom20170627in-de

bleck:
Patriarchy is the Problem: https://srconstantin.wordpress.com/2017/09/12/patriarchy-is-the-problem/
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june 2017 by nhaliday
Young Men Are Playing Video Games Instead of Getting Jobs. That's OK. (For Now.) - Reason.com
https://www.dropbox.com/s/al533ecu82w29y1/BusinessCycleFallout.pdf
https://twitter.com/MarkKoyama/status/881893997706399744
This is like a reversal of the industrious revolution studied in my JEBO paper: new consumption technologies are money cheap but time pricey
http://www.nber.org/papers/w23552
https://www.1843magazine.com/features/escape-to-another-world
https://news.ycombinator.com/item?id=13723996
http://marginalrevolution.com/marginalrevolution/2016/07/what-are-young-men-doing.html
https://www.firstthings.com/blogs/firstthoughts/2016/08/americas-lost-boys

http://www.arnoldkling.com/blog/work-becomes-optional/
participation has changed along an understudied margin of labor supply. I find that “in-and-outs”—men who temporarily leave the labor force—represent a growing fraction of prime age men across multiple data sources and are responsible for roughly one third of the decline in the participation rate since 1977. In-and-outs take short, infrequent breaks out of the labor force in between jobs, but they are otherwise continuously attached to the labor force. Leading explanations for the growing share of permanent labor force dropouts, such as disability, do not apply to in-and-outs. Instead, reduced-form evidence and a structural model of household labor supply both indicate that the rise of in-and-outs reflects a shift in labor supply, largely due to the increasing earnings of men’s partners and the growth of men living with their parents.

Pointer from Tyler Cowen. My thoughts:

1. When we think of labor force participation declining, we think of, say, John Smith, deciding to never work again. What this paper is saying is that the statistics reflect something different. One month Smith takes a break, then next month he gets a job and Tom Jones takes a break.

2. I think we have always had a large number of workers who are not fully employed year round. That is, there have always been a lot of workers who take breaks between jobs. This is common in construction work, for example.

3. I don’t know if this matters for the phenomenon at hand, but we used to have inventory recessions. In those cases, workers would be out of a job for a while, but they would still be in the labor force, because they were waiting to be recalled by the firm that had laid them off.

4. It seems to me that this is an important paper. Re-read the last sentence in the quoted excerpt.

Job outlook growing worse for young American men: https://www.courier-journal.com/story/opinion/contributors/2018/01/02/job-outlook-growing-worse-young-american-men-opinion/996922001/
As one might imagine, the absence of a job, quality education, or spouse has not bred otherwise productive citizens. Multiple studies have found that young men have replaced what would otherwise be working hours with leisure time at a near 1-1 ratio. Erik Hurst, an economist at the University of Chicago, found that young men spent a startling 75 percent of this leisure time playing video games, with many spending more than 30 hours a week gaming and over 5 million Americans spending more than 45 hours per week.

Higher suicide rates, violent crime, and drug addiction among young men have followed. Suicide rates in the United States are at a 30-year high, with men more than three and a half times more likely to take their own lives than women. Around the United States, violent crimes, homicide in particular, has increased in two-thirds of American cities, with overwhelming young male perpetrators driving the increase. A 2015 Brookings Institute study estimated that nearly half of working-age American men who are out of the labor force are using painkillers, daily.

These problems have been “invisible” for too long.

As video games get better, young men work less and play more: http://review.chicagobooth.edu/economics/2017/article/video-games-get-better-young-men-work-less-and-play-more

Why Are Prime-Age Men Vanishing from the Labor Force?: https://www.kansascityfed.org/~/media/files/publicat/econrev/econrevarchive/2018/1q18tuzemen.pdf

Prime-Age Men May Never Return to U.S. Workforce, Fed Paper Says: https://www.bloomberg.com/news/articles/2018-02-23/prime-age-men-may-never-return-to-u-s-workforce-fed-paper-says
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june 2017 by nhaliday
Who Will Make Our Coffee in Pret? | Quillette
Immigrants Keep an Iowa Meatpacking Town Alive and Growing: https://www.nytimes.com/2017/05/29/business/economy/storm-lake-iowa-immigrant-workers.html
Waves of Asian, African and Latino newcomers have filled jobs at pork, egg and turkey plants where wages have fallen and work has grown more grueling.
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may 2017 by nhaliday
A sense of where you are | West Hunter
Nobody at the Times noticed it at first. I don’t know that they ever did notice it by themselves- likely some reader brought it to their attention. But this happens all the time, because very few people have a picture of the world in their head that includes any numbers. Mostly they don’t even have a rough idea of relative size.

In much the same way, back in the 1980s,lots of writers were talking about 90,000 women a year dying of anorexia nervosa, another impossible number. Then there was the great scare about 1,000,000 kids being kidnapped in the US each year – also impossible and wrong. Practically all the talking classes bought into it.

You might think that the people at the top are different – but with a few exceptions, they’re just as clueless.
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may 2017 by nhaliday
The Audacious Epigone: White despair in the General Social Survey
1/4 WWC report having been depressed, rates still a bit higher for whites among upper classes
Prevalence of Depression by Race/Ethnicity: Findings From the National Health and Nutrition Examination Survey III: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1449298/
A Cross-Ethnic Comparison of Lifetime Prevalence Rates of Anxiety Disorders: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2931265/

Racial-Ethnic Differences in Psychiatric Diagnoses and Treatment Across 11 Health Care Systems in the Mental Health Research Network: https://ps.psychiatryonline.org/doi/full/10.1176/appi.ps.201500217
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may 2017 by nhaliday
What We Do Together: The State of Associational Life in America - Social Capital Project - United States Senator Mike Lee
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may 2017 by nhaliday
The Ghost of Conservatism Past | Intercollegiate Studies Institute: Educating for Liberty
Conservatism may have a future in America, but it will arise most likely from families and intentional communities that live as a counterculture to self-immolating American liberalism, and not as something that will be created in a political laboratory by the educated or from the wreckage of a Flight 93 administration in Washington, D.C.
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may 2017 by nhaliday
The origins of the Forbes 400 - Marginal REVOLUTION
I view it this way.  Generational connections now matter less and starting with lots of working capital matters less.  Smarts, drive, and education all matter more.
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may 2017 by nhaliday

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