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Why would those new things necessarily be labor intensive? Lately most new profitable things require capital.
by jeremyjh 14y ago
Why would those new things necessarily be labor intensive? Lately most new profitable things require capital.
- nickff 14y agoIt should generally be presumed that when something has happened repeatedly and predictably in the past, it shall continue to do so.
- jeremyjh 14y agoUntil it doesn't - how many draft horses do you see working now? Besides which, we've got over fifty years of history telling us that wealth concentration is happening faster and faster. If just that trend alone continues then within our lifetime most people would not be earning enough to sustain themselves.
- Crake 14y agoWe're such a small segment of history, though. We're just a blip on the timeline of the universe. Look at how our population has expanded in the last 100 years alone...some things are just unsustainable.
- saosebastiao 14y agoDo they? Cause from my view, the role of capital is greatly diminished, even from 10 years ago. PG has acknowledged as much with their move towards smaller monetary investments in Y Combinator businesses.
- jeremyjh 14y agopg is a pretty small part of the economy. Still, there is truth in what you are saying but when it comes to developing software there are barriers to entry much more substantial than capital.
- tomjen3 14y agoPG is a tiny part of the economy -- but he is also on the bleeding edge. What is true of him will be true of others in 50 years.