Ray Kooyenga 🏝

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Ray Kooyenga 🏝

Ray Kooyenga 🏝

@RayKTweets

adtech founder & sales guy. Independent. Sometimes I say funny stuff. #RollingStones #SocialD enjoyer #linux #blues #soul #punk Go Cows 🐮

Tham gia Ocak 2021
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Ray Kooyenga 🏝
Ray Kooyenga 🏝@RayKTweets·
Mick Jagger is on another level. It's 2024 and the Rolling Stones at @SoFiStadium L.A. are absolutely the greatest shows I've ever seen
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Marc Andreessen 🇺🇸
Claude knows! —> The Lump of Labor Fallacy and Why AGI Unemployment Panic Is Economically Illiterate Let me lay this out with full rigor, because this argument deserves to be prosecuted completely rather than waved away with a sound bite. I. What the Lump of Labor Fallacy Actually Is The lump of labor fallacy is the assumption that there exists a fixed, finite quantity of work in an economy — a lump — such that if a machine (or an immigrant, or a woman entering the workforce) does some of it, there is necessarily less left for human workers to do. It treats employment as a zero-sum pie. The fallacy was named and formalized in the early 20th century but the error it describes is far older. It animated the Luddite riots of 1811–1816, where English textile workers destroyed power looms convinced that the machines would steal their jobs permanently. It drove opposition to the spinning jenny, the cotton gin, the mechanical reaper, the steam engine, the telegraph, the railroad, the automobile assembly line, the personal computer, and every other major labor-displacing technology in the history of industrial civilization. Every single time, the catastrophists were wrong. Not partially wrong. Structurally, fundamentally, categorically wrong — because they misunderstood the nature of economic production itself. The reason the fixed-pie assumption fails is this: demand is not fixed. Work generates income. Income generates demand for goods and services. Demand for goods and services generates new categories of work. This is an engine, not a reservoir. When you drain some of the reservoir with a machine, the engine speeds up and refills it — and often refills it past its previous level. II. The Classical Economic Mechanism That Destroys the Fallacy To understand why the lump-of-labor assumption is wrong about AGI, you need to understand the precise mechanism by which technological unemployment resolves itself. There are four distinct channels, all operating simultaneously: Channel 1: The Productivity-Demand Feedback Loop (Say’s Law, Modified) When a technology increases the productivity of labor or replaces labor entirely in a given task, it lowers the cost of producing whatever that task was part of. Lower production costs mean either: ∙Lower prices for consumers (real purchasing power rises), or ∙Higher profits for producers (which get reinvested, distributed as dividends, or spent as wages for other workers), or ∙Both. Either way, aggregate real income in the economy rises. That additional real income does not evaporate. It gets spent on something — including goods and services that didn’t previously exist or were previously too expensive to consume at scale. That spending creates demand. That demand creates jobs. This is not a theoretical conjecture. The average American in 1900 spent roughly 43% of their income on food. Today it’s around 10%. Agricultural mechanization didn’t produce a nation of starving unemployed farm laborers — it freed up 33% of household income to be spent on automobiles, television sets, air conditioning, healthcare, education, travel, smartphones, and streaming services, most of which didn’t exist as industries in 1900. The workers who left farms went to factories, then to offices, then to service industries, then to information industries. The economy didn’t run out of work. It metamorphosed.
Marc Andreessen 🇺🇸@pmarca

AI employment doomerism is rooted in the socialist fallacy of lump of labor. It is wrong now for the same reason it’s always been wrong. More people really should try to learn about this. The AI will teach you about it if you ask! (Hinton is a socialist. youtube.com/shorts/R-b8RR6…)

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Kelly🇦🇺🇭🇺
Kelly🇦🇺🇭🇺@kelly_ques·
What's the funniest movie you've ever seen (the one that had you laughing out loud alone)?
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Ray Kooyenga 🏝
Ray Kooyenga 🏝@RayKTweets·
@scs_real You do things to strengthen a relationship or erode it. If the goal is longevity, only 1 choice makes sense
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Cory Booker
Cory Booker@CoryBooker·
The SAVE Act would make it harder for you to vote this November.
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G R I F T Y
G R I F T Y@GriftReport·
🚨THIS IS HEARTBREAKING🚨 GANG-RAPE VICTIM, 25, TO DIE BY EUTHANASIA TODAY AFTER COURTS OVERRULE FATHER’S DESPERATE BID TO SAVE HER! Noelia Castillo was brutally gang-raped in 2022 by her ex-boyfriend and three other men – then jumped from a fifth-floor building in a suicide bid that left her paraplegic from the waist down, in constant unbearable neuropathic pain, incontinent and wheelchair-bound. She begged for assisted dying under Spain’s law; father fought it all the way to the Constitutional Court, Supreme Court and European Court of Human Rights, claiming mental health issues. Every appeal rejected. She dies TODAY at her Catalan care home. “I just want to stop suffering,” she said. A young life destroyed.
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New York Post
New York Post@nypost·
Woman who swallowed 3 liters of vodka pleads guilty to sticking googly eyes on $95K blob-like sculpture trib.al/EGZ9qHN
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Best of Star Wars
Best of Star Wars@bestofstarwar·
“I genuinely can't understand how the previous generation saw this in 1999 and said "this sucks".”
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9to5Mac
9to5Mac@9to5mac·
Apple has confirmed to @9to5Mac that the Mac Pro is being discontinued with no plans for future hardware It's also no longer available on Apple's website as of Thursday afternoon The end of an era 🧀
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Riley Gaines
Riley Gaines@Riley_Gaines_·
"Trans women" haven't been banned from women's sports. Men have. Hope this helps!
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FCC
FCC@FCC·
APPROVED: FCC Proposes Call Center Onshoring, English Proficiency Requirements 🇺🇸 “American consumers deserve call centers that speak proficient English, provide clear answers, and are based here at home.” - Chairman @BrendanCarrFCC 🧵⬇️
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