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>>His rule of thumb is that if you’re not adding back 10% of the stuff you got rid of, you didn’t get rid of enough in the first place. Mao moved farm labor in
by kamaal 2y ago
>>His rule of thumb is that if you’re not adding back 10% of the stuff you got rid of, you didn’t get rid of enough in the first place.
Mao moved farm labor into factories using this logic, and then a apocalyptic famine followed. He tried to add back the people from factory back to the farms, and then discovered labor wasn't as elastic as he had thought.
Be careful before making big scary changes, especially before taking down carefully erected fences. You don't know why they were put up at the first place.
- danpalmer 2y agoExactly. Move fast and break things only works well when it doesn't matter if you break the thing. That's true at the beginning of a startup, or the early stages of a product. It's not true of things like the welfare state or medical care.