engineer_22
Joined 7 years ago
Joined 7 years ago
Couple options: learn to operate the hoe. Or find a new industry that needs manual labor.
What you're actually frustrated by is having too many people in the hole.
This is all an analogy.
Working more is a choice. The field is well paid because there the industry is supply constrained. Workers have a choice to work more because they're the supply.
> 2 or maybe 3, > $1 trillion dollar companies are poised to capture all the economic value
The AI companies running models will capture a portion of the value they're creating. Their vendors and their customers capture similar portions, and the end user/society at large captures the lions share of the value as real work done.
In supply constrained markets the bidders set the price floor, not the manufacturer. A manufacturer produces a supply; they tender the supply for bids. The highest bidder gets the opportunity to purchase the supply. Everyone else has to wait for the next bid, the waiting is their opportunity cost, and is priced into their bid.
And an equal number in your country. Do not lecture Americans on freedom and virtue. Your country has its share of shortcomings, your economy structured to a higher degree to benefit a class of oligarchs. Your politicians are liars and thieves like any other. Wait your turn.
DSA is the Coachman in pinocchio who promises a new life on Pleasure Island. Eventually the bill comes due.
If you're planning a peasant revolt you should really consider going all-in, bloody revolution, you give the kulaks less time & space to plan for contingencies.
Nah, the market is supply constrained, if taxes go down the price of the real estate just goes up to fill the gap. People make purchase decisions based on income & total expenses, not on anything else, "can I afford this house?". The price stops rising when the answer switches from "yes" to "no". If your friend can't afford a house right now they don't have enough buying power to compete in the market with other house buyers. Reducing taxes won't give them any advantage in the market that other buyers don't get.