alt Hacker NewsSo, I really felt like more people should be reading Nassim Taleb's Incerto series of books. A lot of the issues that fall out of AI he dealt with in his books like ten years ago.
He gives one the best pieces of advice I've ever heard: if you are going to do something for a living, make sure it is NOT scalable.
If you do something that isn't really scalable, like being a welder or a tailor, then you only have to compete against the tailors in your neighborhood, and you can easily find a neighborhood that doesn't have a tailor. If you're building a scalable product, you'll always be competing against the best, most well funded, smartest people in the room.
Everyone here has grown up in the birth of the internet -- a once in ever event -- where building something scalable was just there for the taking. That's never going to exist again basically.
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Being a tailor is scalable, that's way there are way, way more cheap machine produced clothes today than in the past. Surely he did not miss that the textile industry was at the core of industrial revolution. So being a tailor is more like a post-scaling job - the automation has already happened and now there are only remnants left.
But how can you be sure a job is peak-automated? A few years ago, I would have said musicians are post-scaling - way fewer musicians jobs now that you can play recorded music. But it looks like generative AI will hit musicians again. Can some of welding be automated? Probably.
> if you are going to do something for a living, make sure it is NOT scalable
You need to consider both horizontal and vertical scaling. Being a bespoke tailor may not scale vertically, but it can scale horizontally. If you have too many people pick up tailoring, you might run out of neighborhoods without competitors.
> He gives one the best pieces of advice I've ever heard: if you are going to do something for a living, make sure it is NOT scalable.
You mean like opening a restaurant?
Too bad delivery services like Uber Eats totally own the market now.
Starting a hotel? Booking.com and Airbnb are there to take your profit margins away!
> if you are going to do something for a living, make sure it is NOT scalable
I guess it also means that if you build something for a niche audience then big companies will never be interested in it.
That's also the advice of the founder of this website, but not his investment firm since it's looking for moonshots. https://paulgraham.com/ds.html
>> you'll always be competing against the best, most well funded, smartest people in the room
What if your goal is for them to buy you out?
I'm excited for a future where the technologist is like the tailor in their community. Scaling software has created a host of 'product traps' and there is no need for that for the vast number of activities people do aided by technology.
Is providing scalable products at a cheaper price scalable? If so, can it hurry up and scale? This is a bit of a paradox.
how good was Taleb at following his own advice? Had he tested it? As I recall he is pretty big on "skin in the game' as his differentiator.
> if you are going to do something for a living, make sure it is NOT scalable.
Great advice but difficult to action though.
I mean 10 years back I'd have thought programming is that thing which is not scalable. I had every reason to believe that. It required skill, experience, ability to stay current, grit for debugging hard stuff. Much of it can be automated now.
What can I pick now for a living that is not scalable today that some future technology would automate it just as easily.
This seems overly pessimistic
As scalability becomes more accessible like with coding agents
The less it becomes about money but distribution
While money can buy you the latter it may not compound to something that is sustainable
That seems like reasonable advice until you realize you have no idea what will and will not scale in a few years, and there's only so many tailors/plumbers/welders/etc.
What it really comes down to is these options as more work gets automated:
1) New jobs doing different things that weren't done before
2) Same jobs but shorter hours so "full time" with a salary to match starts to look more like 4 days, or 5 hours/day, or something.
3) Lots of unemployment
These can happen in a lot of different combinations, they can come wrapped up in different ways, and unequally for different segments of the workforce, but there's limited elasticity in most areas where additional people piling into the field would create more demand rather than glut the supply to the supplier's detriment.