Is this a real concern?

I hear people saying this often: make your money now, because once the door is closed, there will be virtually zero social mobility. 

I don’t buy it — should I?

https://x.com/rohitdotmittal/status/1925014180513644986?s=46&t=u8pItK-nu0TdtOG8jcLETA

Globally, people believe their kids will be poorer than them https://www.pewresearch.org/global/2025/01/09/views-of-childrens-financial-future/

College alone hasn’t been enough for upward mobility since 1960 https://www.nber.org/papers/w33797

Over my adulthood, I’ve seen income inequality do nothing but get worse. 

Fixed labor costs are a massive part of a company’s bottom line. 

AI genuinely is more competent than many people 

……… 

Talk me out of this. I feel fucked already; like I spend a lot of time deeply thinking about how to reskill

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

Personally think it’s real. Income inequality is going to infinity. AI will make a lot of things better/cheaper/faster but unfortunately humans measure themselves on a relative, not absolute basis.

fwiw, my advice to younger brothers is to stay cheap (eg take advantage of $ arb), save as much as possible and most importantly: learn to manage money. You want to own and be able to ride the companies that will make the trillionaires, trillionaires.

I’m tired boss 
I kind of want to go crazy blow it all have the most fun and then die