This is one of those stories, just like the SR-71 "ground speed check" story, that every single time I see it posted I just have to read the entire thing again. I love it.
You better watch out. When my evil twin feels y'all aren't upvoting my posts enough he thinks "let's do a search for articles that have gotten 200+ votes at least 5 times in different years" [1] It's a highly effective strategy that I know dang doesn't like!
So I'll post another article about robot grippers which you should upvote instead of the breathless "AI will give us more Nobel Prize winning research" posts because: (1) robots that can change bedpans and pick strawberries really will change the world, and (2) they give out a certain number of Nobel Prizes a year and AI won't change that.
The story of this decade is that people think the economy is terrible despite the usual metrics like unemployment and inflation being not too bad. One explanation is that before 2008 young people could get on the housing ladder but we quit building single family houses and it got harder to get a mortgage -- you see cranes in the air in many towns and sometimes 5-over-1s going for miles in some places like the DC suburbs.
Housing is supply constrained and not tied to labor costs in a significant way. It largely is tied to the price of land in it's location. It's not going to get noticeably cheaper with cheaper labor and materials. Although, I can tell you that the products that one uses in a home have gotten cheaper (fixtures, flooring, etc) with a few exceptions, copper wiring and pipes for instance.
Housing doesn't really fit into the conversation at hand about cheaper labor leading to lower prices.
Something interesting that touches on both of these topics (housing and product cost) is that, if you look at how much of household income is spent on housing and food combined, they stay fairly constant. As commodity goods get cheaper and cheaper, more money is spent on the inelastic and luxury goods.
> Housing doesn't really fit into the conversation at hand about cheaper labor leading to lower prices.
A conversation that you reframed from wealth distribution to the weirdly much more narrow “cheaper products for end users”. Even though wealth inequality has been studied plenty in itself.
I’m not buying the mind-commodity that you’re selling.
Over the longer term and adjusted for inflation of course. Any manufactured good that isn't supply constrained really.
Either the products have gotten cheaper (food) or the product has become significantly better at a similar price point (cars) and, often times, both (televisions).
Food is much more expensive, like 30% here in Europe, much faster growth than inflation. And before you state that food is accounted for in inflation: economists are doing some dirty tricks here by finding subpar replacements.
Cars are also much more expensive for the same quality, far surpassing inflation.
I will concede TVs and electronic gadgets, though.
~20 years ago for me... I remember finding it when I first started working as a sysadmin. That and the story of the first "bug" report. That was a fun time.
Man you should share your story. I got through a few Linux device driver labs but the more I read the less I understand. Even the keyboard driver or the tty driver are thousands of lines long.
I don’t know how people managed to write graphics card drivers back in the day. In the 80d it’s going to be all assembly code too, I think.
They are more black magic than the non-driver kernel components. I can at least understand the concept of kernel components such as VFS/Scheduler and read legacy kernel code without too much trouble, but drivers, even those in Linux 0.12 back in 1991, are crazily hard for me.
Once I discovered that the SR-71 Ground Speed Check is most likely not true, it doesn't hold the same weight for me anymore.
Way too many unlikely variables all lining up, and no other accounts of the story from all of the people (pilots, air traffic controller, etc) supposedly on the frequency.
So I'll post another article about robot grippers which you should upvote instead of the breathless "AI will give us more Nobel Prize winning research" posts because: (1) robots that can change bedpans and pick strawberries really will change the world, and (2) they give out a certain number of Nobel Prizes a year and AI won't change that.
[1] old issues of Byte magazine are a good bet: try https://archive.org/details/byte-magazine-1986-05