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True. While it's tough to predict the future, I'll counter that every trade isn't endlessly scalable and winner-take-all. As a business-owner, that's where you
by m52go 12y ago
True. While it's tough to predict the future, I'll counter that every trade isn't endlessly scalable and winner-take-all.
As a business-owner, that's where you want to be, but there will be plenty of 'jobs' serving others that will scale linearly (whether that's in relation to people, time, etc) to keep people busy.
Examples: inspecting Uber cars, community development, specialized consulting.
- dragonwriter 12y ago> Examples: inspecting Uber cars Automated inspections aren't a particular radical application of automation, once automated its subject to the same factors that favor the biggest player in terms of relevant capital as other industries. > community development But where's the market? > specialized consulting. Lots of things that used to provide demand for specialized consulting have narrowed markets from advances in information technology (both delivery and processing); I'd expect that to continue as technology advances. There's probably some level at which this becomes are hard AI problem, though, sure. OTOH, the market for specialized consulting is driven by the number of firms in other markets, so as other markets go winner-take-all the size of the market for "specialized consultants" narrows within the same overall economy. So, the market here looks largely winner-take-all as a second-order effect of the markets supported by consultants going that way.