“Play-to-earn” and Bullshit Jobs
In Bullshit Jobs: A Theory, David Graeber makes the case that a sizable chunk of the labour economy is essentially people performing useless work, as a sort of subconscious self-preservation instinct…
«Ultimately, in-game labour is just a re-branding of gameplay designed to be dull enough that rich players will pay to outsource it to poor players.»
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«Wind turbine service technicians have the fastest growth rate, with solar photovoltaic (solar panel) installers taking the third slot.»
The Great Resignation is becoming a “great midlife crisis”
Older, more tenured people are increasingly quitting their jobs.
Endless Uncertainty
The night before the D-Day invasion, a nervous Franklin Roosevelt asked his wife Eleanor how she felt about not knowing what would happen next. “To be nearly sixty years old and still rebel at…
«The future is always endlessly unpredictable. What changes isn’t the level of uncertainty, but the level of people’s complacency.»
Where does the wealth go when asset prices go down?
It vanishes into nothingness.
«The short answer is: It didn’t “go” anywhere. It vanished. It stopped existing. That’s not a natural or intuitive idea — how can wealth just disappear? —»
Little Ways The World Works
If you find something that is true in more than one field, you’ve probably uncovered something particularly important. The more fields it shows up in, the more likely it is to be a fundamental and…