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You can create software/automation system that works/creates value for users. As a creator, you can ethically derive wealth from that value even when you are as
by nopinsight 8y ago
You can create software/automation system that works/creates value for users. As a creator, you can ethically derive wealth from that value even when you are asleep.
Added as part of a reply:
Certain systems create value in excess of individual components you put into it. (That system may include a variety of resources that you pay market costs for, not only just your personal labor.)
The creator of the system can earn that excess value because it wouldn't otherwise exist. There is a term for this in an Intro to Economics textbook I read a long time ago, but I can't recall.
- jacknews 8y agotechnically, yes, but you had to work to create it, and probably have to continue to work to maintain it in the face of competition. If you have created some kind of lock-in which allows you to extract rent indefinitely from some initial effort, then you have some degree of monopoly, which would be ethically questionable.
- nopinsight 8y agoMany things do not have identical competitors. Books, music, apps, and restaurants with unique recipes (within an area) come to mind. The creators of these products/services earn the value derived from the uniqueness/utility that customers value and pay for.
- koboll 8y ago"Earn while you sleep" does not mean "conjure from thin air and then earn perpetually". It just means creating a system that decouples time spent working from amount of money received. As opposed to a job, where they are tightly coupled.