3 ms·
By far the most insightful little tidbit in the blogpost: "In the 21st century, the rules of the game have changed. Capital growth has become decoupled from jo
by waps 14y ago
By far the most insightful little tidbit in the blogpost:
"In the 21st century, the rules of the game have changed. Capital growth has become decoupled from job growth,"
Right now we're just approaching the middle of the curve though. It's not quite decoupled yet, it's just less solidly coupled. We still need lots of people, we're just starting to have the ability to replace them through slow and tedious optimization. With currently big disadvantages, like lack of flexibility. Soon we won't need people to begin with, and robots/programs will be more efficient, even when starting a company and they need to be agile and adapt fast. We're going back to the job situation of the middle ages : there is no economic reason to have >90% of the population at all. We're at the beginning of the slide back into 90%+ joblessness.
Nothing can change that, not policy (except maybe genocide), not "green", nothing. We just need to deal with it somehow. Preferably better than in the middle ages, although, making them all build churches decorating every last little square centimeter of stone might actually not be that stupid a proposal. Certainly preferable to how the middle east dealt with it, starting a global war of conquest.