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Scott reviews comments on his vibecession post, exploring when it started, whether it's really about economics or culture, and notably finding that China experiences similar pessimism despite 5-10x income growth, suggesting vibes can be completely divorced from economic reality.
Scott examines why young people feel economically hopeless despite economists saying things are fine, testing various explanations like housing costs and wages, and concluding the truth involves both real factors (harder competition, expensive cities, recent mortgage spikes) and media-driven negativity.
Lars Doucet presents evidence that land is still a major economic factor in modern times, contrary to some economists' claims.
Scott Alexander argues that Jewish overachievement is real and deserves continued study, countering Noah Smith's attempt to downplay its significance.
The post argues that automation and AI are unlikely to cause a sustained economic crisis, as new jobs will be created to replace those automated, though the benefits may primarily go to capital owners.
Scott analyzes wage stagnation since 1973, examining various explanations and concluding that while wages have risen 40-50%, there is still significant decoupling from productivity due to multiple factors.