3 ms·
It's called 2nd / 3rd order effects. The entire Tech sector was propped up Nvidia and GenAI since Nov 2022. The bloodbath that would have ensued in the Tech s
by zooq_ai 2y ago
It's called 2nd / 3rd order effects.
The entire Tech sector was propped up Nvidia and GenAI since Nov 2022.
The bloodbath that would have ensued in the Tech sector (depressing salary and accelerating layoffs) would have been unfathomable.
If you think the $4 Trillion created in the Tech sector since Nov 2022 didn't affect non-AI people positively, you are naive about how the economy works
- averageRoyalty 2y agoI think the naivity may be thinking the primary demographics of HN users are American. It's been shown multiple times[0][1] that the majority of HN users are not American, certainly not 100% (as you assessed further up). It would also be reasonable to assume that not all American HN users work in a graphics card relevant space, or even tech. 1. https://news.ycombinator.com/item?id=35567986 https://news.ycombinator.com/item?id=35567986 2. https://news.ycombinator.com/item?id=30210378 https://news.ycombinator.com/item?id=30210378
- InitialLastName 2y agoThe word "directly" is usually used to refer to first-order effects. 2nd and 3rd order effects are (by definition) indirect.