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roenxitoday at 2:04 PM1 replyview on HN

I don't buy the idea that Europe might have abandoned the concept of childhood education all of a sudden. Most people I spend quite a lot more than 5 years learning skills; I know someone who spent 15 years in the education system to end up working at a petrol station. This long list is not relevant. These skills are clearly easy enough to learn.

> Clearly you've also never gotten a line by line price estimate for a house where you could save €50k by doing the plastering yourself, like I have turned down.

So how do you explain poverty? Why don't these people spend 12 months learning how to plaster and start making bank?

Could there be some important limitation based on physics that you're failing to account for?


Replies

ben_wtoday at 5:00 PM

> I don't buy the idea that Europe might have abandoned the concept of childhood education all of a sudden.

My school education didn't include pouring concrete, plastering, laying tiles, architecture. Just about covered some basic woodworking, but not the structural kind.

> These skills are clearly easy enough to learn.

UK minimum wage times fifteen years is enough to buy a house. After tax. As a 100% mortgage. And then the house would have a guarantee. And you'd have contributed to your own state pension, which you wouldn't have done if you'd simply learned the skills on your own, so hopefully this hypothetical education was a paid internship. And if you'd specialised in literally any one of those skills instead of generalising, you'd be able to earn more.

> So how do you explain poverty? Why don't these people spend 12 months learning how to plaster and start making bank?

Holy non-sequiter Batman!

https://www.glassdoor.co.uk/Salaries/builders-salary-SRCH_KO...

Watch a house getting built some time. There's a lot of people there. Even with UK's poorly thought-out greenbelts and planning permission driving up land prices, a house built in 6 months only takes 10 full time builders to have them be responsible for 50% of the average UK property price.

> Could there be some important limitation based on physics that you're failing to account for?

Physics? No. It's Baumol's cost disease: https://en.wikipedia.org/wiki/Baumol_effect

If it was physics, rich nations would just be outbidding poor nations for the resources to build houses. Poor nations do, in fact, have houses; they can afford them because their human labour is correspondingly cheap.