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Apparently, if one engine of a four engine airplane stops working, the airplane flies 10% slower. But this doesn't mean if all four engines stop working, the ai
by no_mercy 6y ago
Apparently, if one engine of a four engine airplane stops working, the airplane flies 10% slower. But this doesn't mean if all four engines stop working, the airplane will fly 40% slower.
What I am saying is: if a large number of the newly unemployed are not satisfied with their life circumstances in a few months, there could be a complete breakdown of society. It is unlikely the "everything will be the same, but only accelerate" model will play out when the acceleration also depends on the "cooperation" of 10s of millions of suddenly unemployed people.
Here is my counter prediction to the entire article: A lot of prediction makers are going to go back to the drawing board and come up with better models for their predictions, because no model can adequately capture the chaos which is almost guaranteed to ensue now.