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Mike | Abundance 🌟
@abundance
I think about this chart a lot what do you think will happen when companies will be able to have the same level of productivity with 3 devs as they do with 300 devs now? do you think these devs, who will be 100X more productive than before, will get 100X the compensation? most likely the profits will almost all accrue to the company's shareholders this is how its been for the past 70+ years its the reality of technological progress in our economy it doesn't matter how beneficial to society the technology you develop most of the benefit doesn't go to society — it goes to those who know how to extract value from it but while they get rich (and therefore extend their influence in the economy over everyone else) you get a few crumbs (so you should also be happy, right?) this is not really criticism of wealthy people or companies. they didn't create this system it's a system that made sense before exponential tech became a thing. but now this system is hopelessly outdated for 70+ years the graph of worker compensation was mostly flat with exponential tech soon it will turn negative. and what then? are we going to keep sleepwalking into dystopia? we need to build better systems
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y0b
@y0b
Spot on: "it's a system that made sense before exponential tech became a thing". The extra value created by these networks effects should be owned by society as a whole, in my view. Would be a replenishing of the commons, fueled by the new technologies of abundance we now have.
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Mike | Abundance 🌟
@abundance
💯 totally agree on this, and really the direction I'm thinking in lately; we need to develop organizing principles/mechanisms that allow communities to form economic units that can own public goods (and reward those who create such goods) wrote about it recently here: https://paragraph.com/@abundance/the-elephant-in-the-room
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