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All entrepreneurs create value for humanity, that's their common denominator. If an entrepreneur could create value without needing any human input after the pr
by Klockan 9y ago
All entrepreneurs create value for humanity, that's their common denominator. If an entrepreneur could create value without needing any human input after the process is started he would do so. It has of course never been possible before since humans have always been needed in some part of the process but that will change once we create fully automated end to end processes.
- unabst 9y agoWhat is the objective measure of "value for humanity"? If you're thinking in dollars, then absolutely not. Most startups are in debt. Their company is worth nothing. They lose the investor's money. The common denominator is that they create jobs, starting with the entrepreneur. And jobs are an objective measure of economic value. The first job they create is for themselves. And that is one less job the government and everyone else has to worry about. And you are assuming there will be no entrepreneurs who create work for themselves, or that there wouldn't be people who would rather do the work than let robots do it, or that people wouldn't hire people just to work with people. You're ignoring the fact that many genuinely enjoy working, and that businesses grow with headcount because they can totally afford it. And lets say your final assertion is true. Robots will replace all workers. But the business is still owned by a person. This person will be incredibly wealthy if all these robots are working for the price of electricity and parts. So this is a wealth problem, more so if you truly believe your own assertions. It may be a jobs problem for certain people sooner, but no one is talking about the wealth problem. Neither are you.