Bing Copilot can’t even answer simple questions about businesses in a particular city without lying. When confronted, it will apologize and then repeat the same text verbatim.
The logarithmic decay could be more about more and more people hitting their satisfaction level, than about what the wealth can purchase. In other words, very few people actually want to be billionaires.
Come on, people have written thousands of pages about economy over centuries, I wrote a few sentences here. Of course there are differences between working conditions, individual abilities, and whatnot, that is why I wrote to a first approximation. You are not really expecting that I say something about every possible aspect and edge case in the comments here?
Let us justify why some high ranking managers deserve to retire wealthy after a couple of years while their employees at the factory floor have to work for the rest of their lives while never coming close to the wealth of their higher management.
I would have paid double my taxes over my career if the US would spend it on elevating the poor. But asking me to not retire, to give away my savings to very few people? What, that’s not ethical.
What if I made a lot, but spend very little? Shouldn’t that weigh in, if your issue is consumption level?
What if in my early retirement, I go around lifting people up in non-monetary ways?
What if my job earned me a lot of money but was ultimately doing something I found socially harmful? I should continue working to the detriment of my mental health and against my principles?
We can elevate the poorest and decrease the amount of work the median/average person must do.
My point is very simple and we do not have to discuss all the edge cases. Working x hours and consuming stuff that took y hours to produce where y is much larger than x is unjust. All the rest are details.
I make widgets. I work 8 hours and make 8 widgets. In my spare time I make a machine to make widgets for me.
I've finished my machine, and it can make 16 widgets in 8 hours as long as I turn the crank. So I sit and turn the crank for 8 hours a day and make 16 widgets. Am I immoral yet? I just doubled my productivity for the same amount of work.
Now I pay someone to turn the crank for me. They work 8 hours and I give them 8 widgets, and I keep the other 8. They are doing the same 8 hours of work that I was doing, and I do nothing but make sure they keep turning the crank.
Am I immoral now? Why? I built the machine and I get 8 widgets a day out of it, the same amount I got when I was building them by hand. The crank turner also gets 8 widgets in 8 hours, the same amount I was producing by hand.
So the crank turner does less work for the same output, I do no work for the same output. But both of us have the same resources as my competitor who makes 8 widgets by hand.
Is it moral for the crank turner to exchange their 8 widgets for his? What about me?
How am I controlling others? They are willingly turning the crank. They still get 8 widgets and they do less work than if they built the widgets themselves.
Everyone is doing better in this scenario than when I was building the widgets alone.
Sure, everyone [1] is better off, but that just sets the bar too low. You and the other guy each turn the crank for four hours, that is the fair outcome. If you insist, you get a couple of extra widgets for inventing and building the machine.
You spend a week building the machine, time worth 40 widgets, but you want - ignoring your finite lifetime - infinite compensation for that, free widgets forever for a 40 widget investment.
[1] A bit nitpicking, in the exact case you presented, the other guy might not actually be notably better off. Instead of manually making eight widgets for himself - assuming he is as skilled as you - per day, he now spends four hours making his widgets and then four more hours making your widgets. This can of course easily be tuned to actually make him better of or that might already be the case if turning the crank also improves the working conditions over the manual process.
What then is a more fair outcome in your original scenario where producing widgets was the only activity?
If you keep working, making other inventions, that is a completely different scenario. That you should do your share of crank turning only applies to the scenario where turning the crank is the only work that needs to be done.
Clearly crank turning isn't the only job, since machine inventing must exist as another possible job.
But even if the machine is the only invention that will ever be made, it's still not fair that we each crank the handle the same amount of time, because I invented the machine. I built the machine and presumably spent my widget money on making the machine. My contribution was amassing the capital and resources to make the machine. I should get some benefit from that.
I already wrote that you can have some additional widgets for inventing and building the machine. Even if I had not mentioned it, that would be a reasonable thing to do, if I insist on splitting the crank turning work, you can pretty safely assume that I am also willing to split the inventing and building work in one way or another.
But even if you would not get anything for inventing the machine, it would not really matter significantly. As you both keep turning the crank, the relative amount of work you both did would approach one half and both of you would have half of all the widgets. Compare that to the other scenario where the guy does all the crank turning, there the relative amount of work you did approaches zero as the guy keeps turning the crank making his relative amount of work approach one.
Are your subsequent inventions better than the art they create?
Do we really need double the widgets?
I mean, the top post on this site yesterday was a self-balancing cube someone invented. This is precisely the community that should understand that inventions for inventions’ sake aren’t necessarily improving anything.
It would seem so, since I made one and they didn't.
> Are your subsequent inventions better than the art they create?
Not sure what art has to do with it. If they want to make art they can get a job making art instead of turning the crank.
> Do we really need double the widgets?
The market will decide that. If we don't then no one would buy them and it would no longer make sense to produce so many.
> I mean, the top post on this site yesterday was a self-balancing cube someone invented. This is precisely the community that should understand that inventions for inventions’ sake aren’t necessarily improving anything.
Interesting you should bring that up. That cube improved our understanding of self balancing machines and how to build them. That understanding can lead to better self balancing things, like maybe walkers for the disabled. You never know what it might lead to until you make it. Even machines that "have no purpose" have a purpose, of showing us what does not work or what does not make sense.
My personal pet peeve is how every retirement calculator bakes in an assumption like “you’ll NEED 75% of your current income as living expenses when you retire.”
Like your salary won’t change over your career. Like you’re just an impulse buyer. Like there’s anything but a distant correlation between these numbers.
I think there’s a conspiracy or a (USA) cultural aversion to not working.
Sadly I can see a lot of workers never truly getting pay raises as they go around jobs, not careers. The progression feels obvious if you have something highly technical, but many don't get to that point.
>I think there’s a conspiracy or a (USA) cultural aversion to not working.
maybe. "American Dream" hasn't died in many's minds.
It's generally good for people to have activities. That said, if money were totally off the table, I'd probably have retired at least somewhat earlier.
I had a great manager who was a coding genius, always available to pair even if it took hours to explain something, and has been a friend for years after we both left that company.
But before that company I had a manager at a very small company who absolutely had no ability to do the work — and would have failed a personality test on top of that.
I asked it a question about Christianity and it stated things with the tone and certainty of a preacher.
Just gross. And worse to put something like that in the hands of billionaires.
I am somewhat of a doomer not because I think it will be the Terminator. More like AI theocracy here we go.