7 ms·

I know people don’t love OAI but good on these people for the well deserved pay day

camillomiller 3y ago
Also known as unbalanced concentration of wealth, which is what tech has been enabling at a faster and faster pace for the last 25 years.
- tomp 3y ago
  This is probably a deconcentration event. Rich people with a lot of money giving said money to smart working class nerds that happened to be hired by OpenAI.
  - madsbuch 3y ago
    We would need to know more about the demographic of said people. These shares probably end up in pension funds. So in the end it is probably going to be primary school teachers from Minnesota that pays Silicon Valley based software developers. Unless, however, they continue to create value for the pension funds. For this we will have to wait another 15 years to know.
  - awesomeMilou 3y ago
    How anyone can assume that the employment demographic of OpenAI is made up of "smart working class nerds" is beyond me. They hire top talent with regards to AI and AI research. I'd wager a majority of them are less working class and more smart, trained, academic nerds with an unreal amount of PhD's in the mix.
    - tomp 3y ago
      very likely the majority of them have to work for a living, hence "working class" many are probably immigrants as well edit: according to Wikipedia, some people use "middle class" for white-collar workers
- zild3d 3y ago
  employees more commonly having equity in the company they work for is quite the opposite of this
- deleted 3y ago
  [deleted]
- OsrsNeedsf2P 3y ago
  Top 5% of earners in the US are making $340k USD[0]. Is it unreasonable for people working at OpenAI to get 2-3x that? If you want to be angry at the unbalanced concentration of wealth, take a look at Bezos[1]. [0] https://www.unbiased.com/discover/banking/how-much-income-puts-you-in-the-top-1-5-or-10 https://www.unbiased.com/discover/banking/how-much-income-pu... [1] https://mkorostoff.github.io/1-pixel-wealth/ https://mkorostoff.github.io/1-pixel-wealth/
  - AndrewKemendo 3y ago
    It’s possible to be angry at both!
  - bmitc 3y ago
    Why do you feel they deserve that? For making the Internet even more of a wasteland of automated junk?
    - HumanReadable 3y ago
      you really can't see any benefits to the technology they are creating?
      - bmitc 3y ago
        No, not really. And certainly not to the degree that the above commenter was assigning. It's just enabling the world to become even more complex.
      - pie420 3y ago
        There's some benefits, but also massive, massive society destroying downsides. In retrospect, the downsides of social media like addiction, social isolation, and political misinformation, radicalization were hand waved away. We were told "THINK OF THE UPSIDE OF SOCIAL MEDIA, THINK OF THE CONNECTIONS" and now think of how isolated and depressed and addicted everyone is now. The exact same thing will happen with AI and VR.
- overstay8930 3y ago
  People who make things other people want make more money, news at 11. Sorry to break it to you but a solid 80% of the workforce exists to support the 20% actually creating wealth. Nobody is getting rich driving a truck for Amazon, or building said truck for them. It’s the guy who ordered the truck who’s getting rich.
- ilikehurdles 3y ago
  So now on hackernews the mere act of earning more money than someone else is a sin, especially when it's done by workers creating an entirely new market of products and services that we couldn't have imagined a mere 5 years ago. I would love to unsubscribe from this particular strain of brainrot that has infested midwit discourse, but it seems to be everywhere.
  - CaptainFever 3y ago
    (Take with a pinch of salt, I don't know economics or social science.) It seems that even though economic growth raises all ships, just some more than others, inequality causes social unrest even if they were in a better position than before (e.g. having access to new innovations and a higher standard of living).
  - sva_ 3y ago
    > the mere act of earning more money than someone else is a sin It is pretty universal among the animal kingdom https://m.youtube.com/watch?v=-KSryJXDpZo https://m.youtube.com/watch?v=-KSryJXDpZo

Also known as unbalanced concentration of wealth, which is what tech has been enabling at a faster and faster pace for the last 25 years.

tomp 3y ago
This is probably a deconcentration event. Rich people with a lot of money giving said money to smart working class nerds that happened to be hired by OpenAI.
- madsbuch 3y ago
  We would need to know more about the demographic of said people. These shares probably end up in pension funds. So in the end it is probably going to be primary school teachers from Minnesota that pays Silicon Valley based software developers. Unless, however, they continue to create value for the pension funds. For this we will have to wait another 15 years to know.
- awesomeMilou 3y ago
  How anyone can assume that the employment demographic of OpenAI is made up of "smart working class nerds" is beyond me. They hire top talent with regards to AI and AI research. I'd wager a majority of them are less working class and more smart, trained, academic nerds with an unreal amount of PhD's in the mix.
  - tomp 3y ago
    very likely the majority of them have to work for a living, hence "working class" many are probably immigrants as well edit: according to Wikipedia, some people use "middle class" for white-collar workers
zild3d 3y ago
employees more commonly having equity in the company they work for is quite the opposite of this
deleted 3y ago
[deleted]
OsrsNeedsf2P 3y ago
Top 5% of earners in the US are making $340k USD[0]. Is it unreasonable for people working at OpenAI to get 2-3x that? If you want to be angry at the unbalanced concentration of wealth, take a look at Bezos[1]. [0] https://www.unbiased.com/discover/banking/how-much-income-puts-you-in-the-top-1-5-or-10 https://www.unbiased.com/discover/banking/how-much-income-pu... [1] https://mkorostoff.github.io/1-pixel-wealth/ https://mkorostoff.github.io/1-pixel-wealth/
- AndrewKemendo 3y ago
  It’s possible to be angry at both!
- bmitc 3y ago
  Why do you feel they deserve that? For making the Internet even more of a wasteland of automated junk?
  - HumanReadable 3y ago
    you really can't see any benefits to the technology they are creating?
    - bmitc 3y ago
      No, not really. And certainly not to the degree that the above commenter was assigning. It's just enabling the world to become even more complex.
    - pie420 3y ago
      There's some benefits, but also massive, massive society destroying downsides. In retrospect, the downsides of social media like addiction, social isolation, and political misinformation, radicalization were hand waved away. We were told "THINK OF THE UPSIDE OF SOCIAL MEDIA, THINK OF THE CONNECTIONS" and now think of how isolated and depressed and addicted everyone is now. The exact same thing will happen with AI and VR.
overstay8930 3y ago
People who make things other people want make more money, news at 11. Sorry to break it to you but a solid 80% of the workforce exists to support the 20% actually creating wealth. Nobody is getting rich driving a truck for Amazon, or building said truck for them. It’s the guy who ordered the truck who’s getting rich.
ilikehurdles 3y ago
So now on hackernews the mere act of earning more money than someone else is a sin, especially when it's done by workers creating an entirely new market of products and services that we couldn't have imagined a mere 5 years ago. I would love to unsubscribe from this particular strain of brainrot that has infested midwit discourse, but it seems to be everywhere.
- CaptainFever 3y ago
  (Take with a pinch of salt, I don't know economics or social science.) It seems that even though economic growth raises all ships, just some more than others, inequality causes social unrest even if they were in a better position than before (e.g. having access to new innovations and a higher standard of living).
- sva_ 3y ago
  > the mere act of earning more money than someone else is a sin It is pretty universal among the animal kingdom https://m.youtube.com/watch?v=-KSryJXDpZo https://m.youtube.com/watch?v=-KSryJXDpZo