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> As technology progresses, and all things being equal, the situation will only become more extreme and ridiculous. It's actually the opposite that is the case
by dnomad 8y ago
> As technology progresses, and all things being equal, the situation will only become more extreme and ridiculous.
It's actually the opposite that is the case. As technology progresses you will see more and more and more speculative waste because the entire market becomes more efficient at producing speculative waste.
Another name for "speculative waste" by the way is "Capitalism." Before you worry about "bullshit job" you might want to consider the thousands of businesses that fail everyday, the books and movies and cartoons and the mountains of media that is produced that will never be read or consumed, the endless containers of products -- everything from Squirrel Girl teeshirts to satellite networks to cryptocurrencies -- that get made and then quickly discarded.
All of it is speculative waste and all of it is absolutely necessary for a free market to function.
The concept of "bullshit jobs" is stupid but it's the "common sense" stupidity that is really just a lack of imagination. In a global economy filled with billions of independent actors the vast majority of economic activity will be variously inefficient, useless and often down right harmful. This speculative waste will expand to consume all of the speculative capital available. The vast majority of this economic activity will only be minimally profitable and much of it will generate no returns whatsoever. But every once in a while you get a "10 bagger", an investment that yields order of magnitude returns, and this changes everything.
The author should be concerned not that most people are engaged in ultimately pointless economic activity but that, perhaps like himself, so many in the West are profoundly underemployed.