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It does seem like most of the American economy since factories left has been information asymmetry. The travel agents had the "special phone number" to call to
by almosthere 9mo ago
It does seem like most of the American economy since factories left has been information asymmetry. The travel agents had the "special phone number" to call to get someone on a boat for half the price. Probably a little bit more than that. We're going to entering a time of crushing economic conditions.
- lotsofpulp 9mo agoIronically, the advent of LLMs brings back the information asymmetry, bringing back the value of personal connections / recommendations.
- thunderbong 9mo agoConsidering that the LLMs used by most people are owned by large companies, I'm not so sure about that long term. Is early days yet.
- lotsofpulp 9mo agoI am not seeing the connection between ownership of LLMs and the public benefiting from personal connections due to digital information being untrustworthy due to LLMs. For example, for employers and employees, hiring someone is easier if you know someone who knows someone.