Almost no mention of America's dire affordability/availability problems with housing. Nor spiraling costs of education - though that might be more of an out-of-control arms race, or negative-sum game.
The number go up, until it doesn’t. The whole philosophy of prioritizing short term profits over all else is counterproductive for the same people who want the number to go up. Boeing and SpaceX are good examples on this front. Boeing management has been prioritizing profit by cutting corners to maximize the shareholder returns quarterly. And eventually you cut enough corners that your company starts declining. Meanwhile SpaceX keeps working on long term goals and eventually starts taking away contracts from Boeing.
There are a lot of things that come to mind when I read this.
First, it use to be the case that companies provide jobs for life and they were more tuned to helping society rather than just looking at the bottom line. That has changed over the years.
Healthcare in the US has been on a steady decline. HMO middlemen and insurance companies with a deny claims profit model are only making it worse. Luigi event comes to mind. Hospitals in other countries offer same if not superior service for a fraction of your US copay. The ICE article on Medicaid data https://news.ycombinator.com/item?id=44605618 seems to has some ulterior motive to reduce the Medicaid usage by non-citizens.
The two tiered system of justice has always existed, we just have better ways to highlight it with mobile devices and social media. If we look at how the Arab Spring was enabled by Twitter, more of this is happening. But at the same time deepfakes are offering a new way to discredit truth tellers.
Large entrenched monopolies love new regulation as it builds a regulatory moat that prevents new, smaller competitors from entering the market. This will only drive people to markets outside of the US or to find ways to use AI to reduce the number of human jobs needed.
AI whether we reach AGI or not is already good enough to replace a good chunk of jobs. Larger companies that are not model companies move a little slower and it will take a year or two to catch up before people realize what happened. Education has not adapted slow enough, so there will be a large number of college grads in debt who will not be able to find jobs.
The US 35 trillion debt is not helping car loan rates and mortgage rates. There will be a whole generation of young people who will not be able to afford a house, part of the American dream. This will further push the divide between the Elite and boomers and the younger generations.
Embedded growth obligations have had deranging effects on our institutions. At some point, likely soon, the ability to kick the can down the road any longer will end.
The current administration seems to have the goal of acceleration of that end.
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[ 4.2 ms ] story [ 22.8 ms ] threadThey would solve the problem if it weren't so valuable.
First, it use to be the case that companies provide jobs for life and they were more tuned to helping society rather than just looking at the bottom line. That has changed over the years.
Healthcare in the US has been on a steady decline. HMO middlemen and insurance companies with a deny claims profit model are only making it worse. Luigi event comes to mind. Hospitals in other countries offer same if not superior service for a fraction of your US copay. The ICE article on Medicaid data https://news.ycombinator.com/item?id=44605618 seems to has some ulterior motive to reduce the Medicaid usage by non-citizens.
The two tiered system of justice has always existed, we just have better ways to highlight it with mobile devices and social media. If we look at how the Arab Spring was enabled by Twitter, more of this is happening. But at the same time deepfakes are offering a new way to discredit truth tellers.
Large entrenched monopolies love new regulation as it builds a regulatory moat that prevents new, smaller competitors from entering the market. This will only drive people to markets outside of the US or to find ways to use AI to reduce the number of human jobs needed.
AI whether we reach AGI or not is already good enough to replace a good chunk of jobs. Larger companies that are not model companies move a little slower and it will take a year or two to catch up before people realize what happened. Education has not adapted slow enough, so there will be a large number of college grads in debt who will not be able to find jobs.
The US 35 trillion debt is not helping car loan rates and mortgage rates. There will be a whole generation of young people who will not be able to afford a house, part of the American dream. This will further push the divide between the Elite and boomers and the younger generations.
The current administration seems to have the goal of acceleration of that end.