These studies seem to be largely focused on job displacement. There is is a reasonable likelihood that AI grows the overall economy.
I think we forget that our perspective of AI now is comparative, probably to that of a preindustrial worker worried about machines. Displacement, sure but complete replacement seems a non nuanced view of how it may all turn out.
What's the point of cake if you can't eat it? You'd have to start charging for having the cake.
The current practice of limited investment is reasonable and helps keep the system self funded without much in the way of account fees. It's not as if banks are investing the funds in the equity market. Appreciate I'm commenting from afar and without emotion but these failures are normal. This kind of chaos makes the system stronger. And I think most commentators can agree that this is largely a symptom of a swift increase in the repo rate shortly after significant bond purchases by SVB. There are lessons to be learnt but I don't think if you were sitting on the SVB board and were part of the decision to purchase these low risk bonds did you in any way think it would lead to this outcome.
Linked article is roughly double the time frame referenced for India. Its in the world's largest democracy. Benevolent dictatorships work for as long ad the dictator(s) remains Benevolent.
The general positive rhetoric on HN for unions is a jaded. Take it from someone that lives in a country with very strong Unions that ultra strong unions are all they're cracked up to be.
I think spending about 20 minutes on r/antiwork will get most folks to agree with you.
I think most people want a purpose. Many are perfectly happy for that to be something other than their work or means of earning an income. Nothing wrong with this of course but try be the person where some of your purpose is tied up in your work on that forum, or even this forum at times, and you get accused of having Stockholm syndrome toward your employment captors.
Reading the rest of this thread is like reading /antiwork on reddit. We have the life we have because our ancestors worked hard. My father worked as a welder for 50 years and has health issue at just about every joint. My grandfather went 2km down a mine shift in some of the worst possible conditions. Its a privilege to be able to earn my living working on a pc and put in a couple of extra hours to get sth%t done. Most commentary here is trying to vilify hard work and often from some of the highest relative earners.
The author clearly values hard work. She felt meaning in her work and reflected on that. The idea that all hard work or, God forbid, a hard working culture is toxic is probably why it's so much harder to achieve big things in the modern world. Hard work isn't always burn out and hard work isn't always bad.
More often than not its during the hardest working times that you learn or achieve the most.