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Averages are a very bad way to look at things. Elon could be in the midst of a 100 homeless folks and the avg would be still billionaires. SF is a polarized ci

by nojvek 3y ago

Averages are a very bad way to look at things. Elon could be in the midst of a 100 homeless folks and the avg would be still billionaires. SF is a polarized city. Rich tech bros close to people barely making by. This was Chinese new year. If Waymo was blocking traffic and stuck, they’d do it to give a middle finger to the big fat corporation. Technically Waymo is taking away from a job that a human would do. That might not sit well with some.

nox101 3y ago
There is no history of new tech not creating more jobs than it displaced. None, zero, zilch. Maybe it will be different this time but with out any evidence to back that up, all of history says that new tech makes more new jobs. So, blocking new tech is protecting a few today and actually preventing more people from having jobs in the near future. Yes, it's no fun for those displaced and we should try to help them but given that more jobs have always been created in the past, protecting those few today means asking more people to go without/starve/be-poor etc. In other words, blocking tech is the exact wrong thing to do if you want more people to have jobs. https://80000hours.org/podcast/episodes/michael-webb-ai-jobs-labour-market/ https://80000hours.org/podcast/episodes/michael-webb-ai-jobs... https://pastebin.com/uix3rgBe https://pastebin.com/uix3rgBe
- stahtops 3y ago
  [flagged]
  - JoshCole 3y ago
    From the Hacker News guidelines: > Be kind. Don't be snarky. Converse curiously; don't cross-examine. Edit out swipes. > Comments should get more thoughtful and substantive, not less, as a topic gets more divisive. > When disagreeing, please reply to the argument instead of calling names. "That is idiotic; 1 + 1 is 2, not 3" can be shortened to "1 + 1 is 2, not 3." > Please don't fulminate. Please don't sneer, including at the rest of the community. > Please don't post shallow dismissals, especially of other people's work. A good critical comment teaches us something. > Throwaway accounts are ok for sensitive information, but please don't create accounts routinely. HN is a community—users should have an identity that others can relate to. You can read the full guidelines here: https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- Anonbrit 3y ago
  There's plenty of history of tech turning high skilled, high wage jobs into low skilled, low wage jobs though
- nojvek 3y ago
  Not sure why you got downvoted. You are correct in terms of jobs not lost. However you can be both correct and wrong at the same time. What we're seeing in US economy is the largest transfer of wealth from middle class to wealthy class in last few years. The wealthiest 10% owns 90% of the stock value. https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-... The zero interest rate phenomenon accelerated this, but also technology accelerates it. We're seeing the effects in mass tech layoffs yet the tech companies continue to add trillions to their cap and bring in 100s of billions in profit per year to their balance sheets. Total share of top 1% of all wealth rose from 23% to 32% https://fred.stlouisfed.org/series/WFRBST01134 https://fred.stlouisfed.org/series/WFRBST01134 In any case, either we need a healthier wealth curve. Or what the young generation are learning the hard way is that it doesn't make sense to have kids. It's really hard to move income classes. Technology makes this worse as the richer get richer owning capital and means of automation - which does what humans used to do much cheaper.

by nojvek 3y ago

nox101 3y ago

There is no history of new tech not creating more jobs than it displaced. None, zero, zilch. Maybe it will be different this time but with out any evidence to back that up, all of history says that new tech makes more new jobs. So, blocking new tech is protecting a few today and actually preventing more people from having jobs in the near future. Yes, it's no fun for those displaced and we should try to help them but given that more jobs have always been created in the past, protecting those few today means asking more people to go without/starve/be-poor etc. In other words, blocking tech is the exact wrong thing to do if you want more people to have jobs. https://80000hours.org/podcast/episodes/michael-webb-ai-jobs-labour-market/ https://80000hours.org/podcast/episodes/michael-webb-ai-jobs... https://pastebin.com/uix3rgBe https://pastebin.com/uix3rgBe

stahtops 3y ago
[flagged]
- JoshCole 3y ago
  From the Hacker News guidelines: > Be kind. Don't be snarky. Converse curiously; don't cross-examine. Edit out swipes. > Comments should get more thoughtful and substantive, not less, as a topic gets more divisive. > When disagreeing, please reply to the argument instead of calling names. "That is idiotic; 1 + 1 is 2, not 3" can be shortened to "1 + 1 is 2, not 3." > Please don't fulminate. Please don't sneer, including at the rest of the community. > Please don't post shallow dismissals, especially of other people's work. A good critical comment teaches us something. > Throwaway accounts are ok for sensitive information, but please don't create accounts routinely. HN is a community—users should have an identity that others can relate to. You can read the full guidelines here: https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
Anonbrit 3y ago
There's plenty of history of tech turning high skilled, high wage jobs into low skilled, low wage jobs though
nojvek 3y ago
Not sure why you got downvoted. You are correct in terms of jobs not lost. However you can be both correct and wrong at the same time. What we're seeing in US economy is the largest transfer of wealth from middle class to wealthy class in last few years. The wealthiest 10% owns 90% of the stock value. https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-... The zero interest rate phenomenon accelerated this, but also technology accelerates it. We're seeing the effects in mass tech layoffs yet the tech companies continue to add trillions to their cap and bring in 100s of billions in profit per year to their balance sheets. Total share of top 1% of all wealth rose from 23% to 32% https://fred.stlouisfed.org/series/WFRBST01134 https://fred.stlouisfed.org/series/WFRBST01134 In any case, either we need a healthier wealth curve. Or what the young generation are learning the hard way is that it doesn't make sense to have kids. It's really hard to move income classes. Technology makes this worse as the richer get richer owning capital and means of automation - which does what humans used to do much cheaper.