The end of the rip-off economy(economist.com)
economist.com
The end of the rip-off economy
https://economist.com/finance-and-economics/2025/10/27/the-end-of-the-rip-off-economy
5 comments
https://archive.today/tj5Xq
calls it the end of the rip-off economy - the solution is the single biggest ripoff in the economic history of humanity
Looking at the graph, it seems like it actually shows that the number of rip-offs were in great decline until they started to rise again around 2022 since each of those marks after 2010 are 5 years each.
If LLMs made a huge difference, I would expect that we would have already seen reductions in traffic jams, significant drops in trip times etc from Google and Apple Maps. Use is close to universal, and anecdotally, Maps will take you via routes you'd never discover on your own.
That is to say, I'll believe this when I see it
That is to say, I'll believe this when I see it
Take the list of wine uploaded to a chatbot. Hasn’t the seller already run his supplier’s list through the same chatbot as you? Shouldn’t the efficiency be most noticeable in jobs that have 75 different tasks; none of which is important-enough to hire a service for?