Re:Zucktown, USA
by eru on Wednesday October 04, 2017 @01:16PM
(#15402090)
> [...] All the surplus will be eaten up by the companies.
That's why we need to keep working on lowering barriers to entry. (Not just in software but all industries.)
Whenever there's an industry where owning a company confers outsized excess returns, I want a hundred copycats to come in and compete away the margins. (For lots of industries one of the most straight-forward way to get that is to make entries by foreign companies easy. This way a country can benefit without necessarily having to grow a local ecosystem of startups first.)
I am happy to encourage everyone and their dogs to become coders, if they can hack it. Over the long run and average over many people, income is ultimately determined by productivity. Let's grow the pie.
That's why we need to keep working on lowering barriers to entry. (Not just in software but all industries.)
Whenever there's an industry where owning a company confers outsized excess returns, I want a hundred copycats to come in and compete away the margins. (For lots of industries one of the most straight-forward way to get that is to make entries by foreign companies easy. This way a country can benefit without necessarily having to grow a local ecosystem of startups first.)
I am happy to encourage everyone and their dogs to become coders, if they can hack it. Over the long run and average over many people, income is ultimately determined by productivity. Let's grow the pie.