korrents

On the map

Tap a claim on the ring to put it at the centre.

← Where workers outnumber jobs, widespread thrift among workers would only drive wages down

17 connected korrents · 14 moments from 28 Dec 2019 to 14 Oct 2026.

Everything filed under AI and jobs AI and jobs Everything filed under interest rates interest rates Everything filed under inflation inflation Everything filed under hiring hiring Same subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subject Read this korrent: Where workers outnumber jobs, widespread thrift among workers would only drive wages down Where workers outnumber jobs, widespreadthrift among workers would only drivewages down JL Jack London — holds since c. 1902–1903 — tap for who they are Same subject: Even with no redistribution at all, a little saving would rescue a great many people, because the same AI that automates the work makes returns enormous. — tap to centre the map on it Even with no redistribution at all,a little saving would rescue a greatmany people, because the same AIthat automates the work makesreturns enormous. Last stated 5 months ago 4 Jun 2026 PT Phil Trammell — holds since 2026-06-04 — tap for who they are Same subject: Making a highly paid team wait a week to buy a tool at half price destroys far more value than it saves. — tap to centre the map on it Making a highly paid team wait aweek to buy a tool at half pricedestroys far more value than itsaves. Last stated 3 months ago 7 Aug 2026 MH Max Hodak — holds since 2026-08-07 — tap for who they are Same subject: Every civilized country has, or could have, plenty for all, and sharing existing wealth fairly would make everyone comparatively comfortable — tap to centre the map on it Every civilized country has, orcould have, plenty for all, andsharing existing wealth fairly wouldmake everyone comparativelycomfortable WM William Morris — holds since c. 1883–1888 — tap for who they are Same subject: You probably cannot create wealth through work for a wage, because your inputs are tied too closely to your outputs. — tap to centre the map on it You probably cannot create wealththrough work for a wage, becauseyour inputs are tied too closely toyour outputs. Last stated 7 years ago 28 Dec 2019 NR Naval Ravikant — holds since 2019-12-28 — tap for who they are Same subject: The current economy works for the owners of capital, not for workers. — tap to centre the map on it The current economy works for theowners of capital, not for workers. Last stated 3 weeks ago 14 Oct 2026 KS Kyla Scanlon — holds since 2026-10-14 — tap for who they are Same subject: Putting young people to work prematurely may be a loss to industry itself, destroying their free labour quality — tap to centre the map on it Putting young people to workprematurely may be a loss toindustry itself, destroying theirfree labour quality JA Jane Addams — holds since c. 1906 — tap for who they are Same subject: Automating everything except the ballerina need not raise labour's share, because the marginal value of the automated stuff falls faster than its quantity rises. — tap to centre the map on it Automating everything except theballerina need not raise labour'sshare, because the marginal value ofthe automated stuff falls fasterthan its quantity rises. Last stated 5 months ago 4 Jun 2026 PT Phil Trammell — holds since 2026-06-04 — tap for who they are Same subject: Labour-saving innovation in rich countries is aimed at the only asset most of the world’s poor have to sell. — tap to centre the map on it Labour-saving innovation in richcountries is aimed at the only assetmost of the world’s poor have tosell. Last stated 4 years ago 2 Mar 2023 LP Lant Pritchett — holds since 2023-03-02 — tap for who they are Same subject: A company must cut half its engineers to pay for the other half's tokens, and that is what the layoffs are actually about. — tap to centre the map on it A company must cut half itsengineers to pay for the otherhalf's tokens, and that is what thelayoffs are actually about. Last stated 8 months ago 11 Mar 2026 SY Steve Yegge — holds since 2026-03-11 — tap for who they are Same subject: A home is an asset that is likely to perform poorly exactly when a person needs it most due to its correlation with local labor market shocks. — tap to centre the map on it A home is an asset that is likely toperform poorly exactly when a personneeds it most due to its correlationwith local labor market shocks. Last stated 3 months ago 30 Jul 2026 JD Jerusalem Demsas — holds since 2026-07-30 — tap for who they are Same subject: A labor market stuck in a low-hiring equilibrium will see employment decline outright unless hiring rates recover. — tap to centre the map on it A labor market stuck in a low-hiringequilibrium will see employmentdecline outright unless hiring ratesrecover. Last stated 10 months ago 11 Jan 2026 JP Joseph Politano — holds since 2026-01-11 — tap for who they are Same subject: A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it. — tap to centre the map on it A bank should be managed against thefat tails it can imagine, notagainst the stress test itsregulator hands it. Last stated a year ago 16 Jul 2025 JD Jamie Dimon — holds since 2025-07-16 — tap for who they are Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate aself-fulfilling ('sunspot') debtcrisis simply by credibly committingto buy as many bonds as needed atthe low interest rate. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: A central bank can stop giving forward guidance without abandoning accountability for explaining its decisions. — tap to centre the map on it A central bank can stop givingforward guidance without abandoningaccountability for explaining itsdecisions. Last stated 2 months ago 20 Aug 2026 CS Claudia Sahm — holds since 2026-08-20 — tap for who they are Same subject: A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost. — tap to centre the map on it A company's staff-engineer barshould be set against the bestcompanies in the industry ratherthan against its own history, whichis what makes title inflation a realcost. Last stated 7 months ago 1 Apr 2026 TP Thuan Pham — holds since 2026-04-01 — tap for who they are Same subject: Adjusted for inflation, far more American families are now high-income and far fewer are low-income than in 1967. — tap to centre the map on it Adjusted for inflation, far moreAmerican families are nowhigh-income and far fewer arelow-income than in 1967. Last stated 2 months ago 16 Sept 2026 JH Jeremy Horpedahl — holds since 2026-09-16 — tap for who they are Same subject: AI's effect on inflation is disinflationary over five to ten years but inflationary over the coming year because of chip shortages. — tap to centre the map on it AI's effect on inflation isdisinflationary over five to tenyears but inflationary over thecoming year because of chipshortages. Last stated 2 months ago 7 Sept 2026 CS Claudia Sahm — holds since 2026-09-07 — tap for who they are
same subject or similar wordinga cloud: claims about one subject, named for itbar: when it was last stated, on a scale from 2015 to today — full is todaya face: someone who holds the claim — tap it for who they are

At the centre Where workers outnumber jobs, widespread thrift among workers would only drive wages down Last stated c. 1902–1903 Holds Jack London Read this korrent →