in the first few years of any new technology only highly innovative companies (startups) use it.
people still were using punch cards when tape was invented, and still using tape when floppy’s were invented
and those were relatively small innovations not requiring substantial changes to the work. AI is another ballgame, this makes me more bullish on it than ever.
You know i used to think Ray Dalio was really smart, but literally every single article he writes is exactly the same
“this argument is laid out in my book” blah blah blah
This guy is so obsessed with being right about his sole theory that he has staked his entire identity on it.
When you only have a hammer, everything is a nail - Ray has been shopping the same theory without updating anything whatsoever about it for over 10 years.
it’s genuinely shocking how much time is spent coming up with ideas like this, implementing them and making everyone report on it - for no outcome whatsoever
Hiring illegal immigrants is risky and hurts businesses that choose not to cheat.
This article makes it out like neither the immigrants or the businesses that hire them have broken the law - when in fact they all have.
I’m no fan of ICE, the tactics are disgusting. but this article does not mention even once that both coming illegally and hiring illegal immigrants is a serious crime… in any other country you would deported for over-staying and no one would bat an eye. Why is the United States any different?
The flip side is: efficient capital allocation is better for our economy as a whole than trying to save certain jobs for emotional reasons.
Struggling businesses that can’t operate effectively and provide a poor return on capital should be shuttered - the only way to deal with the mountains of paperwork involved is to incentivize very smart people to work at very bad companies. smart people don’t like to work at failing companies. how to reconcile this and ensure efficient capital allocation? huge monetary compensation.
for an incredibly long article on a niche topic readers are unlikely to be familiar with, astonishingly the author never bothers to describe what ABA actually is or provide more than 1 vague example.
people still were using punch cards when tape was invented, and still using tape when floppy’s were invented
and those were relatively small innovations not requiring substantial changes to the work. AI is another ballgame, this makes me more bullish on it than ever.