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No I typed higher intelligence :) Yes higher starting wealth helps but these days you can't get one of these higher paying jobs E.g most people here without hi
by rakkhi 6y ago
No I typed higher intelligence :)
Yes higher starting wealth helps but these days you can't get one of these higher paying jobs E.g most people here without higher intelligence. This is by far the majority benefiting from automation and speeding its adoption not those who inherited their wealth
- lm28469 6y ago> This is by far the majority benefiting for automation and speeding its adoption not those who inherited their wealth Can you elaborate ?
- rakkhi 6y agoI can't do a better job than the much maligned Charles Murray. To not be accused of being racist in this book he only looked at white Americans: https://en.m.wikipedia.org/wiki/Coming_Apart_(book) https://en.m.wikipedia.org/wiki/Coming_Apart_(book)
- lm28469 6y agoEither I misunderstood you or I'm missing something because it seems to support the opposite of your point. The "majority" doesn't benefit from automation, they're thrown into more and more meaningless jobs at the bottom of the ladder while the people working on automation and the companies implementing automation are thriving. Wealth inequalities being at an all time high would agree with that > Meanwhile, real family income for families in the middle was flat. Just about all of the benefits of economic growth from 1970-2010 went to people in the upper half of the income distribution. https://alexandbooks.com/archive/coming-apart-by-charles-murray https://alexandbooks.com/archive/coming-apart-by-charles-mur...
- nateoearth 6y agoI believe what they mean to convey is "the majority of people benefiting from increasing automation are those with higher IQs."
- toyg 6y agoThe real winners of automation don't have jobs.
- imtringued 6y agoOnce you have a million dollars the amount of intelligence needed to earn another million drops drastically.