3 ms·

Just your daily reminder that there is no value without labor. The board has come off looking awful here regardless of the merits of their actions. That alone

by jmyeet 3y ago

Just your daily reminder that there is no value without labor. The board has come off looking awful here regardless of the merits of their actions. That alone is reason why they should be replaced.

stcredzero 3y ago
Just your daily reminder that there is no value without labor. Not quite, but so verging on false. Tons of labor with zero knowledge, design, coordination, and skill can yield near zero or zero value. Likewise, there are cases where comparatively less labor can yield outsized value. The problem isn't labor going out the door. The problem is the knowledge and other factors which go out the door with it. (Something which those seeking AGI seek to change.)
- piva00 3y ago
  > Not quite, but so verging on false. Tons of labor with zero knowledge, design, coordination, and skill can yield near zero or zero value. Likewise, there are cases where comparatively less labor can yield outsized value. I don't understand the quip, there's literally no value without labour. Some labour might have outsized value given inputs and costs, some might yield zero or negative value but all value depends on labour.
  - stcredzero 3y ago
    there's literally no value without labour For now.
polio 3y ago
The AI industry seems to exist in order to make it possible for there to be value without labor.
- jmyeet 3y ago
  And labor makes those AIs, even if it's a separate company. Until AI digs up the resources, builds the machines to do that, makes the computers they run on and writes the software there'll always be a labor factor. Plus, once AI does all those things, it now pretty much falls into the labor bucket. There is no value without labor.
aoeusnth1 3y ago
Value can be 100% contingent on factor X without factor X taking all of the responsibility for it. All value is contingent on the sun, atmosphere, and natural life supporting our existence on earth, but we don’t see comments on every thread about how value is 100% dependent on trees. Similarly, labor does not deserve 100% of the fruits of the economic system.

by jmyeet 3y ago

Just your daily reminder that there is no value without labor. The board has come off looking awful here regardless of the merits of their actions. That alone is reason why they should be replaced.

stcredzero 3y ago

Just your daily reminder that there is no value without labor. Not quite, but so verging on false. Tons of labor with zero knowledge, design, coordination, and skill can yield near zero or zero value. Likewise, there are cases where comparatively less labor can yield outsized value. The problem isn't labor going out the door. The problem is the knowledge and other factors which go out the door with it. (Something which those seeking AGI seek to change.)

piva00 3y ago
> Not quite, but so verging on false. Tons of labor with zero knowledge, design, coordination, and skill can yield near zero or zero value. Likewise, there are cases where comparatively less labor can yield outsized value. I don't understand the quip, there's literally no value without labour. Some labour might have outsized value given inputs and costs, some might yield zero or negative value but all value depends on labour.
- stcredzero 3y ago
  there's literally no value without labour For now.

polio 3y ago

The AI industry seems to exist in order to make it possible for there to be value without labor.

jmyeet 3y ago
And labor makes those AIs, even if it's a separate company. Until AI digs up the resources, builds the machines to do that, makes the computers they run on and writes the software there'll always be a labor factor. Plus, once AI does all those things, it now pretty much falls into the labor bucket. There is no value without labor.

aoeusnth1 3y ago

Value can be 100% contingent on factor X without factor X taking all of the responsibility for it. All value is contingent on the sun, atmosphere, and natural life supporting our existence on earth, but we don’t see comments on every thread about how value is 100% dependent on trees. Similarly, labor does not deserve 100% of the fruits of the economic system.