16 ms·
Modern Malaise
- svnpenn 4y ago> https://twitter.com/Aella_Girl/status/1335725267340251137 https://twitter.com/Aella_Girl/status/1335725267340251137 Even people in the top 10% are making basically nothing. This was taken two years ago, but I would suspect the current situation is the same or worse. I'm not sure how to fix this, but I think something should be done. People in the top 1% or 0.1% should make more per month than someone in the top 10%, but the difference shouldn't be this stark.
- cercatrova 4y agoWhy should the difference not be so stark? That's how the power law works, most people follow only a few accounts.
- metadat 4y agoDo YouTube, Insta, and TikTok also have similar distributions? Maybe slightly less skewed but these sorts of networks seem to promote a winner-takes-all situation for each differentiated subsegment.
- svnpenn 4y ago> That's how the power law works who says that the payout distribution has to follow the power law? And even if it does naturally, OnlyFans doesn't have to just let it happen. They could take a bigger cut from the larger accounts, and distribute it such that the payouts are more linear.
- svnt 4y agoIf they do this, won’t they just fracture and drive the larger accounts elsewhere?
- svnpenn 4y agoIf every single user wants to be a soulless robot (pure capitalism), then yes. However if the userbase understands that larger accounts will be subject to larger fees, in order to support smaller accounts, then I would like to think at least some users would support that. Not everything in life has to be decided on a purely selfish basis.
- the_sleaze_ 4y agoSo OnlyFans should pay people to post nudes ? (Rather than providing a place to post pictures and charge other people for them, in case you missed it) I see this same argument made about Tinder, from guys who can't get laid. You realize it's just a platform don't you ? Those are real human beings on the other side of that screen. OnlyFans can't choose for the humans on the platform.
- junofan 4y agoHang on. Capitalism means private ownership of the means of production. It sounds like you are talking about choices made by consumers. Communist systems have consumers who make choices, too. Soviet citizens were perfectly free to choose which goods to queue up for.
- oarabbus_ 4y ago>who says that the payout distribution has to follow the power law? The payout distribution is proportional to the number of subscribers, which follows a power law. >And even if it does naturally, OnlyFans doesn't have to just let it happen. They could take a bigger cut from the larger accounts, and distribute it such that the payouts are more linear. How is taking a larger relative cut from the content creators bringing in the most traffic a good (much less optimal) business decision?
- srpen6 4y agoIf you're a new creator, and you look at this: https://twitter.com/Aella_Girl/status/1335725267340251137 https://twitter.com/Aella_Girl/status/1335725267340251137 are you really going to want to start an account on that site? Your comment seems to align with typical capitalist motives: focus on short term gains, ignore everything else.
- oarabbus_ 4y ago>are you really going to want to start an account on that site? If I thought it would benefit me and was worth my time, then yes? Is the implication one shouldn't try to earn extra income because someone else earns more? >Your comment seems to align with typical capitalist motives: focus on short term gains, ignore everything else. That's somewhat of an ad hominem. Anyways I'm all ears if you have a superior evidence-based economic model, instead of selling utopia.
- srpen6 4y ago> Anyways I'm all ears if you have a superior evidence-based economic model https://news.ycombinator.com/item?id=32454155 https://news.ycombinator.com/item?id=32454155
- oarabbus_ 4y agoDo you have sources or evidence that this linear payout system can work? Any businesses, platforms, or countries that have successfully used this type of model?
- epgui 4y agoBecause inequality beyond a certain excess makes a system unstable, and given the chance, even wealthy people would rather be wealthy in a stable world than an unstable world. There is not only one power distribution, there is a whole set of them.
- nxmnxm99 4y ago
- d0liver 4y agoThe problem with income inequality is that the people at the top are actively stealing money from everyone else. Elon isn't out there building rockets. He just gets the rockets that other people made automatically and for free. This is the case with literally every billionaire. So, yeah, I'm envious. I'd like my stuff back.
- epgui 4y agoI don’t agree that this is always the case, and I don’t even agree that Elon’s accumulation of wealth was particularly exploitative (in the pejorative sense). I do agree that it often is the case with very wealthy people, and probably with most executives, who add little value relative to the wealth they are able to accumulate.
- d0liver 4y agoNo billionaire is contributing anything close to what they're receiving in return. They should be compensated with an amount that's commensurate to the role they fill within an organization. Elon, for example, is a glorified manager and should be paid a manager's salary and nothing more. Can you give an example of a billionaire bringing tens of thousands times as much value as an average employee at a company? Imagine that they are not already a billionaire.
- junofan 4y ago
- paulpauper 4y agoIn the 80s Thatcher and Reagan broke down trade barriers and ceded government power to banks and corporations. This created a consumer world driven by debt, where everything was assessed by utility. Politics essentially “became a wing of management, saying that it could stop bad things from happening instead of imagining how things could be better.” Consumer debt has fallen since the peak in 2007-2009 or so. https://i0.wp.com/www.brookings.edu/wp-content/uploads/2022/03/ES_20220322_HouseholdFinances_figure-14.png?fit=400%2C9999px&quality=1#038;ssl=1 https://i0.wp.com/www.brookings.edu/wp-content/uploads/2022/... Rather spending seems to be driven by the wealthy, upper-middle class, who don't need as much debt to consume and boost the overall economy. Now politics feels like pantomime, with both parties bickering over social issues while neither has the political will to meaningfully affect the economy. Curtis: “Online psychodramas create waves of hysteria that make it feel like the world is transforming. In fact, nothing actually changed in the last four years. Trump made himself a pantomime villain, and we booed rather than imagine an alternative.” Agree. I think the power of the federal government to affect change peaked in 2001-2008 or so, first with massive buildup homeland security and defense apparatuses following 911, and then in 2008-2009 during the financial crisis . After that the federal government has significantly stopped having influence as far as policy is concerned. Rather, much if its power is through administrative functions, like the FBI , NSA, IRS, SEC, etc. Money became our religion, and now money is starting to run dry, as the world’s largest economies slow in their growth. Both democracies and dictatorships are in a moment of crisis. Money is like a religion, but scant evidence to suggest it's running dry. As stocks and home prices boom since 2020, there is more wealth than ever before. Purchasing power hasn’t changed in the past 40 years, according to the Pew Institute: “Today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago. And what wage gains there have been have mostly flowed to the highest-paid tier of workers. Again, you have to look at the top 10% or so. That is where the purchasing power is coming from...stuff like Disneyland tickets, NFL tickets, lifted trucks, expensive elective cosmetic procedures, home renovations, and so on. All meritocratic platforms are winner-take-all, with the top 1% of performers collecting a vastly disproportionate share of rewards. Look at Substack and Onlyfans. This is not a conspiracy engineered by anyone: when anyone is allowed to compete, a small percentage of people tend to capture most of the profit. It's been like this for a long time, and recent trends have only accelerated this. The Ivy League is more importent and competitive than ever before; Covid has not changed this at all. Same for top 50 schools overall. Same for high stakes testing, math competitions, top tech & finance jobs, etc...everything more competitive and difficult. More people applying, fewer people getting in. Winners get bigger and bigger, whether it's top Substack content creators or Apple, Microsoft, and Amazon. The American dream, the idea that anybody could make a good living for themselves and their family through nothing but hard work, has become far less realistic. You know the Steinbeck line about how Americans think they’re temporarily embarrassed millionaires instead of exploited proletariat. But they don’t believe that anymore, do they? It's still realistic if you have a high IQ, choose a good career, and have good work ethic...people in tech, consulting, finance, healthcare, law, etc. making record income even after accounting for student loan debt and inflation. (The so-called school to career STEM pipeline.) Reddit 'FIRE' subs are full of such individuals, in their 20-40s, doing just that, with not uncommonly millions of dollars. But for those at the middle/left-side of the IQ distribution, maybe not so much. They tend to rely more so on lottery-like systems of success/promotion compared to more meritocratic ones. https://greyenlightenment.com/2022/03/19/losers-iq-and-the-lottery-of-success/ https://greyenlightenment.com/2022/03/19/losers-iq-and-the-l... This clearly isn’t true, since people obviously aren’t free: they’re controlled by socioeconomic circumstances. And also biological constraints, like again, IQ. But I have also read many stories on Hacker News and Reddit of people born in the lower-middle class or worse circumstances rising up due to high intelligence and getting scholarships and landing decent-paying jobs. Good article...a lot of food for thought.
- andrewmutz 4y agoThe problem is not that wages are growing too slowly, that is the symptom. The problem is that productivity is growing too slowly. Fixing the problem requires far more technology and automation than we have delivered.
- jackcosgrove 4y agoIf productivity grows primarily because of enabling capital, the proceeds from this growth will accrue more to the owner of capital than the laborer, roughly proportional to the contribution of each. The problem is that human capital has saturated for many people. This is borne out by stagnating gains in education. If productivity gains occur mostly because of technology with little human input, then that further bifurcates society between owners of that technology and everyone else. This does not help alleviate the modern malaise. People are quick to point out the dropping of the gold standard, the end of cheap fossil fuels, the neoliberal economic changes, etc. that all occurred during the 1970s, and those all matter. But there's another factor which is that educational outcomes began to stagnate. I don't think returning productivity growth to the postwar rate would have as much of an effect as it did then, because more of the productivity growth would be because of technology with concentrated ownership rather than broad gains in human ability.
- CatWChainsaw 4y agoAlways a good read: https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/
- oreally 4y agoTech and automation alone will not work. You'll need to change the laws to cater for the redistribution because the jobs will dry up while the capitalists reap the benefits and only give conditional, token sums.
- deleted 4y ago[deleted]
- peatfreak 4y agoI was taking this article seriously until I arrived at the Terrence McKenna bit. His opinions are highly subjective, based on personal experience with drugs, and they aren't a compelling, testable, or comparable line of thought. Not to mention that TM is pretentious as hell and basis his whole outlook on life on doing loads of DMT (he hardly talks about anything else).
- deleted 4y ago[deleted]
- travisjungroth 4y agoThat's not fair, he also talked about doing loads of mushrooms. Quote is in number 14 if anyone wants to read it themselves. You'll also see that the Ayn Rand quote mentioned in the sibling comment comes with critical commentary. Re: testability https://www.youtube.com/watch?v=Mf0fLKjCKHA&t=73s https://www.youtube.com/watch?v=Mf0fLKjCKHA&t=73s "So then the people who don't do psychedelics say 'well this is something it's like channeling or all this other stuff'. No it isn't, because we are not like those people. I mean, I maintain this rigorously, that our bit is intellectual rigor, not airheadedness. We're willing to put as much pressure on the ideas as you want we just believe in fairness. So, that it's not ipso facto that there's no such thing as elves. It's that if you think there are elves, prove it to me! Well, then the problem is that the skeptic, the critic, says, 'well the notion that are elves is just, you know, you're sadly deluded. You're living in your own private Idaho.' But then, you say, 'well, the proof of the pudding is a 15-minute DMT trip. Are you willing to carry on this criticism after having made the experiment, sir?' I mean, we're not like UFO enthusiasts. We're not telling you to stand in cornfields in the dead of night and pray. No, no, this will work! This will work on you, you the reductionist, you the doubter, you the constipated egomaniacal father-dominator. It'll work! And they say at that point 'You know, you are a menace, is what you are!'.
- snapplebobapple 4y agoThe bullshit jobs and authenticity reference wasn't enough to write the guy off as a butthurt marxist doing more harm than good because he won't be pushing the actual incremental improvements we need for our system of free markets that actually works relatively well? He is going to have some grandiose reimagining of the system from some base principles (that are wrong).
- ggm 4y agoHard not to see parallels with the end of the Roman empire. We know we could do better, we can't be bothered trying very hard and we'd rather moan about the good old days. All it needs is the more motivated (not very) barbarian hoarde to decide they'll do the social reconstruction we won't. Edit: I actually place great faith on coming generations. The kids are alright.
- notsapiensatall 4y agoThis is a popular trope, but could you say exactly when the Roman empire ended? If we are in a Rome scenario, the good news is that we probably won't live long enough to see the real collapse.
- ggm 4y agoThe reason I liked it was precisely because how long it took. Also, the barbarian hoarde was pretty un barbarian, it instituted the emergent states through the dissolution of the holy Roman empire. Really, Gibbons was sort of wrong. The invaders became "us" in almost every sense. Sucked to be Roman, but then.. it didn't. Very few of the "lost arts" were truly lost. I could have gone to the democratising effect of the rise of Islam, where much "lost knowledge" was recovered in due course but that's a whole other story (depreferencing inheritance over functional ability) The key point for our functional decay as a society might be the ubiquitous rise of cynicism combined with increasing joins over gerontocracy and kleptocracy. https://acoup.blog/2022/01/14/collections-rome-decline-and-fall-part-i-words/ https://acoup.blog/2022/01/14/collections-rome-decline-and-f... is good
- Balgair 4y agoOh gosh. If anything, we're entering a golden age. Yeah, climate change is going to be a real pain. But nothing really more than that on a civilization scale. Global poverty is at an all time low, hunger has never been lower, overall health is the best it's ever been, education is going great globally, we've never been more equitable between the genders, our access to clean water is the highest ever, etc. And all these metrics are just going to get better, more or less. https://upgrader.gapminder.org/ https://upgrader.gapminder.org/
- voidhorse 4y agoInteresting article. I pretty much agree with most of the political and economic points, but one thing that’s palpably absent is an analysis of the structural patterns and habits inherently imposed by technologies, beyond their ties to the political economy. So many of the systems and technologies for discourse we engage with have reduced the amount of content presented on a given topic at a given time down to the smallest micron possible. Even this “essay” is just a list of bullet points, each of which alone is a thesis that’s probably worth significant reflection and elaboration, but that’s simply not the dominant modality anymore. We’ve come to expect, and only make room for, bite-sized discourse. This helps ensure we remain in our internet bubbles and never develop the critical stances and motivations necessary to drive toward change because we don't make room for the complexities and nuances that inevitably arise when exploring any topic seriously. The technologies we use to engage in discourse today establish patterns that are anti-discourse. They only support a vapid form of commentary, “takes”, reactions, but hardly discourse. Twitter has an extremely compressed character limit. Facebook is limited to similar snippets of information. Tiktok and Instagram reduce discourse to series of images with at most small snippets of text. Furthermore, there is no “program” as there was with television—we’re completely free to sporadically jump between a thousand different topics at will, ensuring the 21stcentury schizoidization of our brains really takes hold.
- tareqak 4y agoI agree. “The medium is the message” comes to mind [0]. I think it has something to do with broadcast media of all kinds. When reading works from before the broadcast era, I remember authors would somehow try to converse with the reader with via their writing style as in the writer acknowledged the existence of a reader in their writing explicitly (“Dear Reader”) or via a narrative (the narrative style of Plato) and acknowledged that the reader was somehow capable of responding and that the writer could listen. Over time, writers started acknowledging that the reader was one amongst many (“Dear readers”), but still capable and worthy of being conversed with. Moving further along, wartime recruiting posters are what comes to mind of when I think of broadcast media when there is a short message often written in the imperative: the reader exists and expected to do something, but has no avenue or agency to discuss the message. There are examples and counter-examples of the styles I mentioned, but my observation has been that the prevailing writing style has changed from expecting/demanding a two-way conversation to a sort of “speaking at each other not to each other” unless negotiated differently otherwise. [0] https://en.wikipedia.org/wiki/The_medium_is_the_message https://en.wikipedia.org/wiki/The_medium_is_the_message
- archhn 4y agoMost of us feel it. It's real. Don't let anyone gaslight you. You aren't sick: our culture is sick. (For those alone and struggling). Social alienation is the source of much mental illnesses. Poverty itself isn't the source of most people's misery. Our society is our preservation matrix. If we cannot reproduce or at least contribute to something beyond ourselves that bears the promise of persisting, we are left alone with death. This lonely dance with death, which I have danced for years as a poor housebound reclusive, can cause a disintegration of mind. I suspect the brain tries to rewire itself so it can find a new interpretation of life...one in which it finds a way of surviving in isolation. Many delusions can arise as a result. Also, mystical and religious experiences are common under such conditions. I've experienced them. Many strange things happen to the mind when we feel like we are connected to nothing that will preserve us. It's an unnatural, or abnormal state, which humans cannot ordinarily adapt to. We are microrganisms part of the macroorganism of society. Being alone is utterly abnormal and the brain isn't equipped to deal with it. American culture makes the poor feel like trash. That's why so many of us become crazy lunatics, drug addicts, or vengeful people. It's the social alienation and isolation that condemns most of us. However, this condition is not limited to the poor. Even rich people feel alienated. In fact, wealth often turns every relation into a suspicious one--is she just using me for my money? Everyone craves the sense of belonging that comes from genuine love, but it's hard to find. So we see many wealthy people, famous people, the most connected, also feeling disconnected. Rich or poor, what matters most is feeling connected. We have a connectivity problem. One that leaves many individuals left alone to dance with death. This is what is causing the modern malaise above all things...however, the material conditions discussed by the author ultimately contribute to this disconnection. Love is the answer, but this solution is so profound that we can hardly comprehend it. In the absence of understanding, we spend billions on psychoactive drugs and label people as "mentally ill" instead.
- seibelj 4y agoI believe in hard work, sacrifice, and family… ideals and virtues that have provided solace and guidance to humanity for our entire existence. It seems to be the hyper-online types that reject traditional values that are the most depressed and apocalyptic in their mindset. Myself - I look outside and the sun is shining, my kids are playing, everything is good in the world to me.
- jamesgreenleaf 4y ago> All meritocratic platforms are winner-take-all, with the top 1% of performers collecting a vastly disproportionate share of rewards. Even if you simulate an economy where every participant starts out with the same amount of money, and all trades are completely random, over enough trades the participants' wealth will still end up in a power-law distribution.
- wanderingmind 4y agoThis is also my intrinsic gut feel but can you point to any academic research work that supports this claim?
- indigoabstract 4y agoNot exactly academic research, but this has been known since biblical times.. https://en.wikipedia.org/wiki/The_rich_get_richer_and_the_poor_get_poorer https://en.wikipedia.org/wiki/The_rich_get_richer_and_the_po... It seems to be built into the world.
- seydor 4y agoThis seems to be a basic principle of biology which fractally translates to entire societies. Piketty's data shows that historically, the curve was flattened only when the economy itself was upended, i.e. after wars. We need to engineer peaceful ways that violently rearrange the economy. A parallel money system like cryptos might have been used for that, but so far it has done the opposite
- roenxi 4y ago> We need to engineer peaceful ways that violently rearrange the economy. Why not simply make sure that life is comfortable on the tail end of the of the curve and call it a day? The simple fact that so far only war makes the curve flatten suggests that this is not a curve we want to flatten. Nobody comes through a war feeling good.
- 4y ago
- deleted 4y ago[deleted]
- deleted 4y ago[deleted]
- seydor 4y ago>How can the world get better if no one is steering? Did it get better when somebody was steering? hitler was a strong and popular leader. Democracy is about people being self-governmed, not about having a strong leader Individualism is the ultimate goal of this Enlightenment era that we are still part of. The goal was to take away the power from the monarch and the collective, and empower the individual, and our civilization is succeeding at it, but our politics do not adapt. There is a reason why social democracy is unpopular in europe now: younger generations realized it was an unsustainable ponzi scheme. Our future is individualist, but our politics is hopelessly centered on the worship of The Leader
- thrwawy74 4y agoIn the states we feel like we're just coming into perspective on social democracy. Can you tell me a bit more about why it doesn't work? (genuine question) I'd like to think I sharply understand the differences between communism and socialism - and social democracy - and that some of my older family members confuse these all as the same thing. Why is social democracy unpopular in Europe?
- seydor 4y agodemographics. The boomer years was that sweet moment where social democracy dependent on intergenerational debt became possible, but only assuming endless growth of population and economy. Then the neoliberal years came and prices of everything went up, so everything is unreachable for younger generations. They tried to replace the missing population with immigrants but that channel also got saturated. Younger people are just not feeling that level of support that previous generations did
- solar-ice 4y agoIt... really depends on which bits of Europe you're talking about. The bits where corruption is endemic and the money never actually winds up going to help anyone? Sure, certain policies are floundering there. The state pension systems? Yeah, people are a bit miffed about mismanagement there. But like... very few people sitting here arguing that e.g. a right to decent healthcare isn't a thing we want; that education shouldn't be accessible to as many people as possible; that we shouldn't provide public services such as libraries, parks, and sports centres for all; and in a bunch of places there's a general feeling that the pendulum swung way too far against welfare, in the bid to force people to work, that it's now not helpful for the people it was meant to help. It appears the person you're replying to lives in Germany; so do I. The parties (e.g. the FDP) here which would like to tear down what Germany has built have a minority of the votes compared to those which have social democratic or broadly neutral policies.
- bambax 4y agoAll true, but while listing all the reasons for being depressed, it curiously misses the state of the environment. And by that I don't just mean climate change. The terrifying truth of our time is that we are destroying life on this planet at an unprecedented rate; all life: not just megafauna but insects as well as forests, etc., in exchange for... building parking lots. We make the world lonelier and uglier and there is zero solution in sight. Responses to climate change have not yet begun, we have not started to modify our behavior in any meaningful way. But much more importantly, climate change is but one problem, not the only problem. If climate change was solved today, it would maybe postpone the apocalypse for a little while, but it would not make us happier. Switching to less CO2-emitting energy sources doesn't really matter in the grand scheme of things; if we use an electric truck to build a parking lot in the middle of a forest, we may emit a little less CO2 while doing so, but eventually we will still have replaced a piece of forest by a slab of concrete, and in the process destroyed life and made the world uglier. The "loss of meaning" results from the awareness that what we're doing is not just pointless but evil, and we have no alternative.
- JackMorgan 4y agoI do not understand why this is downvoted. I see a fatalism in my peers that causes incredible stress. I think of animals that won't breed in captivity when there's too much noise or not the right food, but instead attack each other and self-harm. We have high stress, lots of convenient unhealthy food, lots of noise and light, long hours, and the awareness that the planet is getting more hostile to human life. Of course we're biting and scratching each other, performing self-harm, and not reproducing.
- euroderf 4y agoI don't really see a gap between the value placed on labor by the traditional left and the new ethic of anti-work. The difference lies in alienation. The old style predated Fordism and valued the manual trades, and those were/are the "jobs" where you still find individual workers largely in control of their own economic fate. When that kind of autonomy is taken away (or surrendered), what remains is anti-work and bullsh*t work and quiet quitting.
- roenxi 4y agoI think this is under-calling both how miserable people were before the modern era and the remarkable impact good birth control has had on modern society. Suddenly there is lots of free time and a lot more choices to make than there were even 50 years ago and all the choices have unsatisfying outcomes. We live in a world that is too complex to understand, and people keep screaming that everything is about to collapse (which, in fairness, may be correct). People have identified that both the traditional roles - child rearing and working very hard all day - are not much fun. Human society and morale doesn't cope well with hedonism. There aren't obvious alternatives. I don't see how a specific social theory could overcome these practical realities. Unusually, I don't really see economics as a factor here - everyone is, by historic standards, absurdly wealthy. Even most poor people.
- seydor 4y ago> how miserable people were before the modern era Materially, maybe , but judging by the way people live in rural communities even today, it's closer to the truth that they were happier overall, as they had a social support net, more socializing than they can handle and more time in nature. It's a qualitatively different life than urbanized domestication
- nfhshy68 4y agoHappiness has steadily decreased since social media has grown in popularity.
- anon291 4y agoOur family lives in a major urban metro. We go to a traditional urban church. We have everything you mentioned. No diss to our rural brethren, but rurality is not a prerequisite to this life. Most city people problems are of their own choosing. My wife and I currently suffer from the more socializing than we can handle. But this requires people to care for religion, which again is a self imposed change people have decided on. We can criticize Reagan and thatcher till the cows come home. However to claim we are living in their utopia is false. Their utopia was highly religious and would not allow the shifting social norms we have seen in the past few years. The article is actually quite irresponsible in only bringing up thatcher and Reagan's economic revolutions while failing to bring up the sexual revolution.
- Gatsky 4y agoI think one just has to acknowledge there are no feasible solutions to these problems. The actual solution is to let the next generation do a better job, and believe that they can. Unfortunately, as people live and work for longer, the cycles get more drawn out and some generations lapse with no impact.
- agumonkey 4y agoI keep thinking about these topics. The constant rants, the food waste, the bs jobs.. I see a few ideas but it seems i'm too radical (I believe people enjoy heavy activities as long as they're rewarding intrisically and socially)
- md2020 4y ago> But our society has conditioned us to believe that consumption and status are the only things that provide happiness: the smartest children of our generation are going to Stanford and MIT to join Goldman Sachs, McKinsey and FAANG I take slight issue with this framing. Why is there an implicit assumption that these really smart kids end up working at these places because they’re deluded that money and status are all that provide happiness? I’m sure there are lots of people on HN that work at these places/know lots of people that work at these places, and I’m willing to bet that a significant portion choose to work there because it’s intellectually stimulating for them. Sure, you can argue that too much value accumulates to these jobs for reasons outside of their control, but I think the assumption that that’s why they’re doing it is wrong. This also ties in with the article’s mention of the general public resentment towards tech, see how widely used the derisive term “techbro” is used in online discussions. There’s this perception that everybody in tech is only in it for the money, and they enjoy using their smarts to exploit everybody else. I’ve been hit with this from people I know personally, and it’s insulting.