4 ms·
It's not necessarily good for society on the extreme either way. It's beneficial to the world to encourage people to take some level of risk. It's bad to enco
by rdl 11y ago
It's not necessarily good for society on the extreme either way.
It's beneficial to the world to encourage people to take some level of risk. It's bad to encourage people to take stupid risks, but it's also a bad outcome if the next Elon Musk decides to spend his life working as a line engineer somewhere forever for safety. This is one of the biggest problems with inequality/etc. -- a person from a poor background gets a $20/hr job and would be unable to do anything which puts that at risk, even if it has a huge positive expected value. A rich person could comfortably optimize for EV.
(Incidentally decoupling survival from wages is one of the big benefits of basic income; it's possible this would lead to a more beneficial deployment of human capital and thus greater wealth overall.)