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... And part of how I could economically swing that financially challenging process was by the advantage of having those $200 boots. So in an important sense, I could make through the financially challenging process of getting to be a licensed medical professional where I had better economic prospects (than a junior therapist who fails to make it to licensure does) because I already had the economic advantage of being able to get $200 boots. I could make a move in social class which improved my economic class because I already had an economic class advantage. You've presumably heard the expression "it takes money to make money"; I was able to make more money because I already had the money – to get the boots. But allow me to draw your attention to something that was happening in parallel. Let's talk about what it took for me to be able to take advantage of the $200 boot option. Vimes' Boot Theory says that the reason rich people get to save themselves money on boots is that they have the $200 for boots that poor people don't. That is true, of course, as discussed above. But that's not the whole story. They also know where to buy $200 boots. They also know which $200 boots to buy. ...

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    Dan Luu (danluu@mastodon.social)'s status on Friday, 15-Sep-2023 20:48:09 JST Dan Luu Dan Luu

    Roughly speaking, Vimes' boots theory of poverty is the idea that, if you're poor, you're forced to buy cheap products, such as boots, that wear out quickly and need to frequently be replaced, causing a kind of poverty trap.

    Below are some quotes that illustrate typical examples of how people think about Vimes' boots theory.

    In conversation Friday, 15-Sep-2023 20:48:09 JST from mastodon.social permalink
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GNU social JP is a social network, courtesy of GNU social JP管理人. It runs on GNU social, version 2.0.2-dev, available under the GNU Affero General Public License.

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