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Design, AI, Games, Sports
I | @ScribbleItGame

[Daniel Priestley @DanielPriestley]

Socialists imagine a class struggle. In their made-up fantasy the CEO is in competition with low level workers, the wealthy entrepreneur is stealing from the underpaid nurse.

In reality, workers do not compete vertically they compete horizontally.

Entrepreneurs compete with entrepreneurs. Investors outbid each other. CEOs are benchmarked against other CEOs. Nurses are hired from a pool of nurses. Etc.

The CEOs pay has no correlation to the entry level workers. The Football star on £300K a week isn’t linked to the person selling drinks in the stadium. A biotech entrepreneur raising VC capital isn’t paid relative to a cleaner.

What is linked is the demand and supply dynamic of each role.

If a company places an ad for a qualified truck driver and 150 people apply for the role, then the company knows it does not need to increase wages for that role. If the company has an open role for months, it is forced to look at the compensation package.

Same for a CEO. A board representing shareholders would like to hire a CEO for a lot less if they could. Their dream scenario would be to hire a CEO who brings in institutional investors, attracts top executives, drives innovation and growth, keeps margins steady and is a good public face for the business even under pressure. It turns out there aren’t a lot of these people looking for work and if you want one you have to pay more than other companies are offering.

The class struggle isn’t vertical it’s horizontal. CEOs are in competition with CEOs. Retail workers are in competition with retail workers. Demand and supply dynamics set the price.

Sure you can say that a CEO want’s profitability and would like wages to be lower BUT it’s not up to the CEO - demand and supply tension sets the price of workers. An Airline like RyanAir would like free pilots if they could get them but they can’t… so they pay the market rate.

The reason incomes are rising at the top and falling at the bottom is not class warfare. It’s technology and globalisation.

Technology makes basic jobs simple, remote or fully automated. At the same time tech makes executive roles more leveraged, more important and more valuable.

A CEO used to run a smaller organisation. Today a CEO who’s 2% better on a $5B company is generating $100M more. Seems sensible to try and pay a few million to get $100M.

Globalisation has put workers from all over the world in completion with each other - downward pressure on wages. Globalisation has given CEOs more market opportunities to explore - upside opportunity to unlock.

The rich are not very interested in buying houses that poor people own. The poor are not buying up the homes the rich want. They are separate groups living separate lives. Try finding the genuinely rich people whose strategy is to hoard normal residential homes - it barely exists as a thing. About 85% of landlords are people who own 1-4 properties. Super-landlords (100+ properties) are 0.2% of landlords and own a tiny fraction of the 30M homes in the UK… and they’re heavily taxed.

Class warfare isn’t real. It’s an imagined war in the minds of socialists.

Demand and supply dynamics are real. To the degree it is measured in class, it’s a horizontal competition not a vertical one.

[Sören Fritsch @soerenf_]

@nurijanian @petergyang Why do you think sandboxes are not suited for personal assistants?

[Sören Fritsch @soerenf_]

@omooretweets I think as soon as non-ai content can be reliably flagged as such this will not be an issue anymore. Any AI created content will be a category on its own and be respected as such. Will probably not be in the short term though so you are right

[WARDOGS @WARDOGS]

WARDOGS 1-Month GIVEAWAY.

To show our appreciation for your support, we’re giving away a custom NVIDIA RTX 5090.

To enter, complete the following:
▫️ Sign up for Playtesting
▫️ Wishlist WARDOGS on Steam
▫️ Repost this giveaway video on X

Sign up here:
https://t.co/E8GVhISGz1

[Sören Fritsch @soerenf_]

@tankots @WisprFlow Havent received a DM yet :(

[Sören Fritsch @soerenf_]

@tankots @WisprFlow Wispr Flow

[Tanay Kothari @tankots]

We offered 5 people a Porsche 911 GT3 RS if they could get @WisprFlow to make a mistake

It's the fastest and most accurate AI voice dictation app that's 3x more accurate than ChatGPT, Claude, or Siri.

Today, we’re finally launching on Android. Download now: https://t.co/TJhnUhDSLv

As a part of the launch, we’re giving away 6 months of Wispr Flow Pro for free.

Like, retweet and comment ‘Wispr Flow’ to get it. Enjoy.

— Written with Wispr Flow

[Sören Fritsch @soerenf_]

@naval @signulll @paulg would agree

[Sören Fritsch @soerenf_]

@lefttailguy https://t.co/0oIBCyAiAQ

[Jaya Gupta @JayaGup10]

https://t.co/uPXcTUEsnc

[Sören Fritsch @soerenf_]

@lennysan Generating summaries of documentation and researching domain specific knowledge remain two of the top tasks where LLMs can shine, perfect match for doctors and lawyers.

[Naval @naval]

“Die empty.”

[Bill Gates @BillGates]

We have an opportunity to save more lives around the world than ever before—and I want to do even more to help. That's why I'm giving away virtually all of my wealth through the Gates Foundation over the next 20 years.

[Manya Koetse @manyapan]

I've been tweeting about the NY celebrations in China, but the tweet I didn't send out was the drone show in Shanghai. There were no Chinese-language sources or evidence of the show anywhere, even though it went viral on X, Instagram, Tiktok. The 'show': https://t.co/RyeCdV3smo

[Alec Stapp @AlecStapp]

Europe is now approaching 20 years of roughly zero growth in many of its major economies

[Sören Fritsch @soerenf_]

@GameBalanceGuru Congrats!

[Sören Fritsch @soerenf_]

@blakeir TikTok does have an autoscroll feature though. But I doubt many people use it...

[Sören Fritsch @soerenf_]

@sama @bundestag

[Sören Fritsch @soerenf_]

@blakeir How many hours are you in? I think for non-paying players there is a bit of a fun-downfall after about 20 hours (which is an amazing achievement for the game)

[Derek Thompson @DKThomp]

2023 study: “Our thesis is that a primary cause of the rise in mental disorders is a decline over decades in opportunities for children and teens to play, roam, and engage in other activities independent of direct oversight and control by adults."

[Sören Fritsch @soerenf_]

@blakeir In 🇩🇪 the CSGO skin hype was 10x'd by big creators + ban of casino streams