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Sounds like a labor mis-allocation bubble. Bubbles burst. Furthermore bubbles should burst, for the health of the economy.
by schiffern 8y ago
Sounds like a labor mis-allocation bubble.
Bubbles burst. Furthermore bubbles should burst, for the health of the economy.
- afpx 8y agoHow is this a bubble? Unlike previous bubbles, the current technology surge is actually funded by real value, real demand, real revenues, and gigantic profits.
- deleted 8y ago[deleted]
- schiffern 8y ago"Bubble" may be wishful thinking, but can you really argue that it's not "labor mis-allocation?" "The best minds of my generation are thinking about how to make people click ads. That sucks." By intentionally sewing economic irrationality (ie beyond how irrational humans are already), advertising destroys societal value. Here I use "irrational" in the sense of "making self-harming economic decisions."
- Tsubasachan 8y agoI have been blocking advertising on my computers and phones for close to a decade now. I am ad-free. And yet the bubble persists. This industry is beyond mere logic.