alt Hacker NewsThe problem is that we don't live in a society where the benefits of new technology benefit all.
We're about to pull the rug underneath all knowledge workers. This will disrupt wage earners lives. This will disrupt the economy.
You might feel great about when things become cheaper but remember that when things are cheap it's only because costs are low and when costs are low the revenues are low and when revenues are low salaries are low too. Keep in mind that one party's cost is other party's revenue.
The economy is ultimately one large circle where the money needs to go around. You might think of yourself a winner as long as someone else's salary drops to zero and you still get to keep your income but eventually it will be you whose income will also be disrupted.
Just something to keep in mind.
And also we're going to just not rug pull on the individual knowledge workers but businesses too. Any software company with a software product will quickly find themselves in a situation where their software is worth zero.
Also this comment about gatekeeping is absolutely stupid. It's like saying trained doctors and medical schools are gatekeeping people from doctoring. It would be so much better if anyone could just doctor away, maybe with some tool assistance. So much fantastically better and cheaper? Right! Just lay off those expensive doctors and hire doctor-prompters for a fraction of the price.
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You can make a living, if: you have a way to modify your behavior in a way such that it compels another human being to reciprocate and modify their behavior in a way that you find beneficial for your life. All of money and economics in the end boils down to this. If you no longer have any kind of behavior that your neighbors and community see as valuable enough to modify their behavior to benefit you and keep you around, then we will be in trouble.
> We're about to pull the rug underneath all knowledge workers. This will disrupt wage earners lives. This will disrupt the economy.
It will put and end to the middle class entirely, but that’s the intent.
The reality is a lot of people who were formerly middle or upper middle class, and even some lower class populations will face steep, irreversible “status adjustment”.
I’m not talking about “we used to be able to take vacations and now we can’t”. I’m talking about “we used to be highly paid professionals now we’re viciously competing for low paid day labor (gig work) to hopefully be able to afford the cheap cuts this week”.
> We're about to pull the rug underneath all knowledge workers. This will disrupt wage earners lives. This will disrupt the economy.
to tie back to the actually article, if you believe a rug pull is imminent then you got to get off the rug. Idk, you have to make a decision because we're certainly at a fork in the road. There's no guarantee waiting will result in a better outcome nor one saying it will be a worse outcome. There's going to be winners and losers always and lot of it is really just luck in timing. I guess, in reality, the careers we've built come down to a flip of a coin; stay on the rug, get off the rug.
/i'm thinking of buying a welding truck and getting in to that, then hire a welder and rinse repeat until i have a welding business. There's plenty of pipe fence in my neck of the woods and i see "welder wanted" all over the place so there's opportuntiy too.