That's not necessarily a result of AI, you also have to consider the broader economic environment. I mean, it was also difficult to get a job as a graduate in 2008, whereas it's typically been easier to get a job when credit is cheap.
Isn't it, for something like 70-80% of families? Just in slow-motion?
How long have we been hearing about crushing affordability problems for property? And how long ago did that start moving into essentials? The COVID-era bullwhip-effect inflation waves triggered a lot of price ratcheting that has slowed but never really reversed. Asset prices are doing great, as people with money continue to need somewhere to put it, and have been very effective at capturing greater and greater shares of productivity increases. But how's the average waiter, cleaning-business sole-proprietor, uber driver, schoolteacher, or pet supply shopowner doing? How's their debt load trending? How's their savings trending?
There’s a difference between a collapse and a slowdown. We don’t need a collapse for hiring to slow down [1,2]. I think we’re finally just seeing the maturation of software development. Software is increasingly a commodity, so maybe the era of crazy growth and hiring is over. I don’t think that we need AI to explain this either, although possibly AI will simply commodify more kinds of software.
In that case, you spent $80 to produce an item and exchanged it for $100 worth of their stock.
Now if you check, these companies selling their stock like this tend to have large amounts of debt. If their stock becomes worthless, you just wasted $80 producing an item that their creditors have first dibs on. And liquidating your shares immediately to ensure your gain, would weigh on their stock's value, potentially to the point where their stock would be only $80 worth, and you wouldn't be gaining anything anymore. Your earnings would then tank, alongside them.
It's just hard. I mean... it could very well be, that there's so many deeper layers underneath what we know in particle physics, but from our scale, also so infeasible to build something to analyze and decompose the nuanced behavior happening at that level, to the point that it's practically impossible to do so. Just like it is impossible to split an atom with your bare hands...
Because they're not actually equivalents. Gold has unique properties as a material, unique properties that are useful. It'd be more widely used in industry if it wasn't such a scarce and expensive material. Bitcoin on the other hand, has no use other than for conducting trade. Because of this, they inherently carry different risks as an asset.
Yeah, I personally believe women's longer lifespan mostly stems from a lower caloric intake. Studies have long suggested that reducing caloric intake can be one of the best things you can do for health and extending lifespan. And this has been shown true across many species including: yeast, worms, flies, mice, monkeys, fish, and others.
We also observe that larger animals tend to live longer than smaller animals, but intra-species it tends to be the opposite (e.g. small dogs tend to live slightly longer than large dogs). It also makes some sense biologically speaking, as we now know that most genetic mutations and errors happen during cellular reproduction when DNA is copied, and cellular reproduction rates correlate with nutrient uptake, alongside mutations with age.
Of course too much caloric restriction can be detrimental, but seems to me this could explain much of the difference in life expectancy between men and women. That and perhaps the genetic advantages from having two X chromosomes.
He's right. The very reason free markets don't exist is the same exact reason why communism doesn't work in practice. All markets collapse until there's a few dominant businesses (ie monopolies), just as how society naturally forms governing hierarchies. And this is easy to see how they're opposed. All you have to do is look at how there's only 4 types of governments based on how decision making power is distributed, and that democracy is actually closer to communism on that spectrum rather than dictatorships, and then see how monopolies behave quite like dictatorships.
That said, true dictatorships rarely work in practice but for different reasons as to why communism doesn't work. Which is why, when it comes to organizations, almost all are in fact oligarchies in practice, despite whatever they're called. This is known as the iron law of oligarchy. Notice the term: oligopoly? Go look at every industry and there's near always an oligopoly.
> I have noticed a lot of debt hysteria from people who don't seem to understand basic accounting. That is, one party's asset is another party's liability.
This is correct, but... let me ask you, would it concern you, if my asset is your liability? I mean, would it concern you if you had to pay for my house? How about everything it is I do? How would this not be a concern? If it is not, then why don't you publicly disclose your credit card?
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