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tylercowen
Toward an unified theory of increasing task complexity:
Young people are funneled into fields that don’t reward risk-taking, leaving the U.S. economy less dynamic.
Bloomberg Opinion Bloomberg Opinion @bopinion
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Rory Not Sorry 30. sij
Odgovor korisniku/ci @tylercowen
What exactly is a management consultant? And what do they do? I travel for work... lots of upgrades, often sit next to them, still have no idea what they do... except talk about themselves.
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Jonathan Blow 31. sij
Odgovor korisniku/ci @rorynotsorry @tylercowen
They provide political backing for managers inside large organizations.
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Gavin Werbeloff 30. sij
Odgovor korisniku/ci @tylercowen
Reminds me of this:
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Neerav Kingsland 30. sij
Odgovor korisniku/ci @tylercowen
I believe Venture for America was an attempt to help solve this issue - give people prestige (insurance) while taking career risks. Teach For America operates somewhat on similar model.
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GT 31. sij
Odgovor korisniku/ci @tylercowen
I think you undervalue the attractiveness of not having to pick an industry before you know anything about it, and the "survey course" nature of consulting, investment banking, etc. In my experience, that was the biggest non monetary factor for going into those fields along peers
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Sean Leaver 1. velj
Odgovor korisniku/ci @tylercowen @profjasonpotts
maybe b/c great value of business boom/bust cycles is that busts clear out the old guard and make way for the new (Schumpeterian destruction) -> a process that central banks have been actively trying to stop for the last 30 years or so.
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Sam Barton 1. velj
Odgovor korisniku/ci @tylercowen
“On net, America is selling its talented young people insurance value — but at the expense of long-term innovation.” Can’t blame them the youth, not enough of a safety net
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Jim Zellmer 30. sij
Odgovor korisniku/ci @tylercowen
“An emphasis on adult employment”:
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Paul Millerd 31. sij
Odgovor korisniku/ci @tylercowen
Some people might find some parallels here too:
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Scott's Humor 30. sij
Odgovor korisniku/ci @tylercowen @MikeBloomberg
. and have been trying to start a Witch Hunt against the Russian speaking citizens of the US, so people would lose their jobs and, if this succeeds, jailed. Both Bloomberg and Tyler Cowen are propagandists of ethnic cleansing.
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