@_AllieHarris@tobi Other funds doing worse is irrelevant, you don’t know better than the S&P, no one does. Averaging it out to 12% doesn’t help when we’re focused on the current team
@PegasusFund@dalibali2 These ppl believe they are building agi to a religious fervour, and if they’re right they control saas and other industries over time
@PegasusFund@dalibali2 Ppl aren’t ready for ai to not be a bubble, fundamental dif in tech. Look at anthropic profits, the top 2-3 ai companies can price set, just aren’t yet.
“fake work” and “bullshit jobs” has been fantastically wrong and misleading for understanding the modern world. a much better understanding is of a global economy where minor skill differences and improvements lead to monumentally different outcomes, and the marginal hour of work has never been more measurable or useful
after the advent of even moderately effective talent allocation systems and the variability of reward based on effort and skill, people have engaged much harder in a red queen rat race across the world. this is why the Chinese ‘cram schools’ exist and why ‘yuppie striverism’ is a thing and why people trade off later family formation for working more so often. while overall work hours are slightly down, they are actually up for high earners (https://t.co/sAPxGdSpIv)
I see it in the marginal effect with my friends now after the advent of claude and codex: they are actually working harder now than they ever have before. this is due to a personal Jevon’s paradox where they see that the value of their time has increased dramatically, that they can get a lot more visible work done towards goals they care about than they used to
after requests from their customers the labs are doing things like inventing dispatch which lets you monitor work and manipulate your computer from your phone, on top of prior changes like having always on communications (slack). You hear about people launching codex jobs from their phone the moment they have an idea and reviewing them later
no clue how long this lasts but the most immediate impact of co-existing with the machine state is higher productivity and higher visibility which leads to more work hours