We should def write the losers checks to ease the transition, but even without that automation would still be good. The historical nature of the unemployment rate shows that in the end people *do* end up figuring stuff out, people can adapt.

Obviously the ideal is for automation to be a complement rather than a substitute for labor, but, and I’m aware this is an unpopular opinion, ultimately the latter is good as well. Someone’s job being automated away and them having to adapt sucks, but the alternative where progress stalls is worse

I get whiplash on r/accounting whenever Americans talk about earning 90k a year like it’s poverty wages, and complaining about outsourcing. I earned 16k a year when I worked as an accountant, and Uruguay is relatively developed! This isn’t India

Not even part of some other racial or sexual minority, which would help explain it. Just plain ideological wokeness. I’d like to hope I’d also be like that if I stumpled upon billions.

Is it really that much different from places like New York, Mexico DF, Buenos Aires? Genuinely asking here, have never been further east than France

That’s a name you don’t see everyday.
Anyway this looks like a much more fledged out version of the simple arg I’m making here, pretty cool. Thanks for the link

I wonder if this is what used to happen pre industrial revolution. Since most production was agricultural, and land was such an important input, you’d very quickly reach your extensive margin cap.

Fairs. No feasible way to scale up volume

Yeah that’s why it’s incorrect to call it a reserve currency, hard to imagine it becoming either a means of exchange or a unit of account. However I could see it becoming a flight to safety asset, which is IMO what people care about when they talk about reserve currencies as such.

Gold might become the standard flight to safety asset in lieu of the dollar imo. It’s not the same thing, but it’s what people intuitively associate with being a reserve currency I think.

Thankfully my mom is more open to reason. Helps that stuff like VT are both super simple to use and to explain.

Getting older people (30+) to invest in the stock market can be like pulling teeth. My late grandma used to keep all her savings (aside from her apartment and some land she inherited) in her bank account. Just 500k at minimum parked in cash for decades. Said it gave her “tranquility”

Andrew Garfield was a great cast tbh, he really does look extremely brazilian