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Perhaps this will quench your thirst, A Peter Thiel and Marc Andreessen debate from a different forum, the Milken Institute.[1] Some profound insights in there.
by wozniacki 11y ago
Perhaps this will quench your thirst, A Peter Thiel and Marc Andreessen debate from a different forum, the Milken Institute.[1] Some profound insights in there.
[1] Copy of In Tech We Trust? A Debate with Peter Thiel and Marc Andreessen
https://www.youtube.com/watch?v=VtZbWnIALeE https://www.youtube.com/watch?v=VtZbWnIALeE
edit: Appended
- rdl 11y agoYeah, the pmarca/thiel one was dramatically more interesting.
- cma 11y agoOver and over Thiel cites wages, mean wages, stagnating during the period while Andreessen counters with GDP growing. Both are true. Women entered the broader workforce en masse. Wages were down because of oversupply of labor, nearly doubling the workforce without doubling consumption. Thiel really comes off dishonest, trying to make a big deal that it wasn't just median wages, mean wages stagnated--as if that proves it wasn't just a change in wealth distribution. In actuality, there was a change in wealth distribution and median wages fell and mean wages stagnated, and the economy still grew because "wages" ignores people who aren't employed (or seeking employment?), and a hell of a lot more people became employeed during the time period. Really one of the most frustrating talks I've watched.