Attention
Let's Know Things
Colin Wright
4.8 • 593 Ratings
🗓️ 26 February 2019
⏱️ 42 minutes
🧾️ Download transcript
Summary
This week we talk about the Red Market, binge-watching, and peak attention.
We also discuss Fortnite, net worth, and corporate shade.
This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe
Transcript
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| 0:00.0 | How much is a human being worth? This is a question often dripping with questionable motives and with monstrous |
| 0:24.2 | historical precedent, but it's a potentially valuable question to ask as well because of the |
| 0:29.6 | nature of the world we live in and because of the incentives many of us experience at some point |
| 0:34.3 | in our lives to monetize various aspects of ourselves. And the answer to that |
| 0:40.0 | question of how much a human being is worth is highly dependent on what aspects of a person we happen |
| 0:46.0 | to be talking about and what market forces apply to that particular valuation method. For instance, |
| 0:53.0 | the average American, based on data from the 2015 census, |
| 0:58.0 | will earn around $1.4 million over the course of their lifetime. At different points in their |
| 1:04.4 | life, their net worth, that is, the amount of money, everything they own is worth, including the actual money in their |
| 1:13.3 | pockets and in the bank, but also their car, their computer, their other valuables, all of that |
| 1:19.0 | minus the value of everything that they owe, like debt, car payments, and so on. Their net worth |
| 1:25.8 | will vary, depending on countless factors, but in general, |
| 1:29.8 | the average American's net worth starts at around $11,000 for adults under 35, and then balloons up |
| 1:38.1 | to closer to $60,000 for 35 to 44-year-olds. It then more than doubles to 124,000 at 45 to 54 years old and increases |
| 1:49.6 | a bit to just over $187,000 at 55 to 64 and then hangs on at the low to mid-200,000 range in their |
| 1:59.7 | mid-60s through their 70s. You could, then, look at a person's |
| 2:04.8 | age and where they live and have a rough idea of how much they're worth, in terms of their assets |
| 2:09.2 | and liabilities based on those numbers. You could get even more granular by looking at their actual |
| 2:15.2 | bank account and possessions, their debts and liabilities if you |
| 2:19.0 | wanted to chart out precisely how many dollars and cents a person represents in the economy |
| 2:25.5 | in which they operate. You could also attempt to measure a person's popularity or influence, |
| 2:31.3 | and then slap a number on that, A wildly imperfect but illustrative stand-in |
... |
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