2 ms·
Bullshit job phenomenon is inevitable because the game encourages a winner takes all scenario for now. One or two market leaders keep accumulating all the capit
by kaycey2022 3y ago
Bullshit job phenomenon is inevitable because the game encourages a winner takes all scenario for now. One or two market leaders keep accumulating all the capital and then instead of using their hires to move the needle of progress forward, they force most of them into some pointless hyperspecialisation or stuff like denying competitors of needed talent.
All this just means that the balance of society has tilted to one unsustainable direction. Society simply needs much better antitrust (or other) laws to the point that every monopoly/duopoly is broken down and balance is restored.
I will use twitter as a hypothetical example. If only twitter can raise capital to the point where it can handle enough traffic at scale and be an arbitor of global news, then it can easily use its resources and reputation to create and staff bullshit jobs without much consequence.
To bring back balance:
1. other legal jurisdictions should ban or tax twitter out of existence over there and raise their own monopolies, for which they will likely need a global workforce
2. cost of investing in twitter or the cost of holding large investments in twitter should be increased so that the instead of accumulating capital in the market leader, people are incentivised to let their money be reinvested into competitors.
This will be resisted by those who already have enormous sums of money invested into the market leader, which unfortunately also happens to be the people who make the rules.