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> I'm hopeful for a future with better jobs. Most people on HN don't have real jobs. The entire premise of venture capital is gambling that you'll be able to f
by Alex3917 8y ago
> I'm hopeful for a future with better jobs.
Most people on HN don't have real jobs. The entire premise of venture capital is gambling that you'll be able to fund the next Facebook or whatever.
The reason that jobs would go away is more automation, but more automation means markets are more winner-take-all. And if more markets are winner-take-all, then that which means higher expected returns to capital if you can back a winning startup.
I don't know to what extent they balance out, but it seems at least plausible that as technology centralizes the economy then most jobs could basically be in service of gambling with investor money.