What Things Cost, Then and Now

When reading about earlier times, the costs of various items are often mentioned, as are   wages for different kinds of work. To get any sense of meaning from these   numbers, they need to be compared somehow with equivalent costs in our present currency. But the estimation of inflation is far from an exact science.

Here’s a site that looks at historical vs current costs from multiple angles:   Measuring Worth.   I haven’t studied it in any detail yet, but it looks interesting.

See also this:   Prices and Wages by Decade, 1600s-2000s

Also What Things Cost in America, 1776-2010

Dumb Company Tricks

WSJ:

When  General Motors began  outlining plans in 2020 to fully switch to electric vehicles, it didn’t account for one critical factor: Many of the battery minerals needed to fulfill its plans were still in the ground.  

“I remember seeing a report from our raw-materials team at the time saying, ‘There is plenty of lithium out there. There is plenty of nickel’,” said Sham Kunjur, an industrial engineer now in charge of securing the raw materials for GM’s batteries. “We will buy them from the open market.”

GM executives soon came to discover how off the mark those projections were, and now Mr. Kunjur’s 40-person team is scouring the globe for these minerals.  

Of course,   the Biden administration’s energy policy basically does the same kind of assuming, but in their case on the scale of the entire US energy infrastructure.

Education, AI, and Narcissism

Andy Kessler of the WSJ describes some conversations he has had with the founder/CEO of the Khan Academy, a nonprofit organization whose mission is “to provide a free, world-class education to anyone, anywhere.”

Three years ago,  Sal Khan  and I  spoke  about developing a tool like the Illustrated Primer from  Neal Stephenson’s 1995 novel “The Diamond Age: Or, a Young Lady’s Illustrated Primer.” It’s an education tablet, in the author’s words, in which “the pictures moved, and you could ask them questions and get answers.” Adaptive, intuitive, personalized, self-paced—nothing like today’s education. But it’s science-fiction.

Last week I spoke with Mr. Khan, who told me, “Now I think a Primer is within reach within five years. In some ways, we’ve even surpassed some of the elements of the Primer, using characters like  George Washington  to teach lessons.” What changed? Simple—generative artificial intelligence. Khan Academy has been  working with  OpenAI’s ChatGPT since before its release last December.

In the novel, the main character Nell asks about ravens, and “the picture zoomed in on the black dot, and it turned out to be a bird. Big letters appeared beneath. ‘R  A  V  E  N,’ the book said. ‘Raven. Now, say it with me.’ ‘Raven.’  ”

Later, she asks, “What’s an adventure?” and “both pages filled with moving pictures of glorious things: girls in armor fighting dragons with swords, and girls riding white unicorns through the forest, and girls swinging from vines, swimming in the blue ocean, piloting rocket ships through space. .  .  . After awhile all of the girls began to look like older versions of herself.”

I admire what Khan Academy is trying to do for education..which, in America at least, needs all the help it can get…and I’m sure that AI has a lot of potential in this field. But a couple of things are bothering me here.

First, that Raven sequence. Is it really a good idea to teach reading with all those dramatic visual effects? Won’t kids later be disappointed when attempting to read anything that doesn’t include such effects?   Indeed, I believe such concerns were raised, years ago, about Sesame Street.

Perhaps more importantly, consider that line After awhile all of the girls began to look like older versions of herself.   Really?   Do we want to bring up people who are so focused on themselves that they can’t identify with even fictional characters who don’t look like themselves?   Might be of different ethnicity, difference gender, different age.   I thought the development such broader perspective was supposed to be one of the purposes of education in general and of literature in particular.

In  A Preface to Paradise Lost, C S Lewis contrasts the characters of Adam and Satan, as developed in Milton’s work:


Adam talks about God, the Forbidden tree, sleep, the difference between beast and man, his plans for the morrow, the stars and the angels. He discusses dreams and clouds, the sun, the moon, and the planets, the winds and the birds. He relates his own creation and celebrates the beauty and majesty of Eve…Adam, though locally confined to a small park on a small planet, has interests that embrace ‘all the choir of heaven and all the furniture of earth.’   Satan has been in the heaven of Heavens and in the abyss of Hell, and surveyed all that lies between them, and in that whole immensity has found only one thing that interests Satan..  And that “one thing” is, of course, Satan himself…his position and the wrongs he believes have been done to him. “Satan’s monomaniac concern with himself and his supposed rights and wrongs is a necessity of the Satanic predicament…”

One need not believe in a literal Satan, or for that matter be religious at all, to see the force of this. There is indeed something Satanic about a person who has no interests other than themselves.   There do seem to be a lot of people today whose interests are largely restricted to themselves and to the endless struggle for power.
Maybe I’m overreacting to the potential harm of this kind of AI-based customization…perhaps it’s simply a cute trick which will help get students involved in learning rather than on random scrolling and status-measurement on their phones.   But I see so much appeal to narcissism in so many types of communications these days…”The price YOU deserve”…”Here’s YOUR weather”…”Let’s check YOUR money–the Dow closed today at…”….and the narcissism is coupled with increasing pressure for group rather than individual identity…not “Our Customers” or “Our African-American Customers” but “Members of Our African-American Community.”
What do you think?
See also my related post Classics and the Public Sphere.

The CEO of the United States?

In an interview, Elon Musk said he wished we could “just have a normal person as President.”   He also went on to say:

Since the president is effectively the executive officer of the country, it actually matters if they are a good executive officer. It’s not simply a matter of do they share your beliefs. But are they good at getting things done? There are a lot of decisions that need to be made every day. Many of them are unrelated to moral beliefs.”

I certainly agree with Elon about the importance of executive skill in a President–it is an ability that is clearly and sadly missing in Biden, as well as in certain past Presidents.   After all, the President’s primary and constitutionally-defined job is execution, not legislation. Yet operations is something that Biden is clearly not interested in, nor, I believe, was Obama.

Where I disagree with the above Musk passage is that phrase executive officer of the country.   No.   The President is executive officer of the government, not of the country. The government is not the society.   It is an agent of the society.

If statism in this country existed to the level that a US President could truly be said to be the executive officer of the country, then Musk would not have been able to accomplish the things he has accomplished without overwhelming levels of government approval, far about and beyond those approvals he has in fact had to get.   Rinse and repeat for all innovations, whether product or business process.

Indeed, given the role of Congress and that of the judiciary, even a President’s job as executive officer of the country is more analogous to a Chief Operating Officer in the private sector than that of a private-sector CEO.

Educational Credentialism Strikes Again

…in China this time.

Last year, Chinese unemployment for those between the ages of 16 and 24 reached 20%—a record high and more than double what it was in 2018. The job shortage is particularly acute for graduates with advanced degrees, people who had expected the most from the job market because their families had sunk up to a third of their income into their education. During last autumn’s hiring season, around 45% of recent college graduates in China received no job offers, according to one published survey.

The problem isn’t that there aren’t enough jobs in China. Rather, it is the acute mismatch between the education and skills of those entering the job market and the jobs that need to be filled.

The manufacturing sector in China is experiencing a severe labor shortage: Four out of five Chinese manufacturers report that their workforces are falling 10% to 30% short of their needs, and the education ministry forecasts a shortage of 30 million manufacturing workers by 2025.

and

Diplomas, it turns out, have not necessarily translated into the skills sought by the high-tech sector or the smart-manufacturing companies that China aims to promote. The Chinese education system was designed during a period when most students would go on to work for state-owned enterprises. Today, their skills at standardized test-taking and their homogenous-looking CVs rarely meet the market economy’s demand for real-world experience, mental flexibility and individual passion.

also

The consequences of reduced expectations among unemployed youth are profound. Members of the young generation increasingly are putting off getting married and starting a family, breaking the traditions of a Confucian society. In 2021, there were only 7.6 million new marriages registered, a 38% drop from 2015. Meanwhile the birthrate has fallen to the lowest the country has ever seen.