News for hackers. Stuff that matters.
Re:Why I'm not worried about AI job loss by Gigachad on Friday February 13, 2026 @06:42PM (#47009411)
What is interesting is the new things are cheap while the old stuff is now expensive. Average house in Australia is $1,000,000 while a TV is $500. The internet, social media, etc are cheap. Having someone repair your shoes is expensive.
Re:Why I'm not worried about AI job loss by cbdevidal on Friday February 13, 2026 @07:08PM (#47009646)
Automation made the TV inexpensive, but if you look at a chart on inflation almost everything that cannot be easily automated has risen in price.

https://www.aei.org/wp-content/uploads/2019/01/cpichart2019-...

Re:Why I'm not worried about AI job loss by tshaddox on Friday February 13, 2026 @07:31PM (#47009871)
Surely U.S. housing was not twice as automatable 12-13 years ago as it is now.
Re:Why I'm not worried about AI job loss by cbdevidal on Friday February 13, 2026 @08:06PM (#47010175)
No, that rose in price for different reasons
Re:Why I'm not worried about AI job loss by alchemism on Friday February 13, 2026 @06:45PM (#47009440)
As predicted in The Diamond Age.
Re:Why I'm not worried about AI job loss by next_xibalba on Friday February 13, 2026 @09:15PM (#47010827)
Economies of scale were realized in the tv, but not the house. Maybe bc they aren’t realizable in housing, maybe bc regulation, maybe bc of the nimby veto, etc.
Re:Why I'm not worried about AI job loss by tudorconstantin on Friday February 13, 2026 @11:31PM (#47011582)
I think it’s rather because of scarcity: you can’t scale and automate land/prime-location land
Re:Why I'm not worried about AI job loss by jama211 on Saturday February 14, 2026 @02:12AM (#47012373)
Well you can scale it, which is why housing affordability is higher in many places where the cities are actually far denser than Australia. There are perverse incentives not to though, property prices don’t rise (which is what investors want) if you actually focus on increasing supply.
Re:Why I'm not worried about AI job loss by itake on Friday February 13, 2026 @11:47PM (#47011660)
People are building houses with way more features, that last longer, have better thermoregulation, and just more comfortable to live in.
Re:Why I'm not worried about AI job loss by kelipso on Saturday February 14, 2026 @12:11AM (#47011782)
Same goes for TVs too. That’s clearly not the reason why house prices rose so drastically.
Re:Why I'm not worried about AI job loss by Der_Einzige on Friday February 13, 2026 @10:25PM (#47011224)
Good quality Goodyear welted boots, adjusted for inflation, are cheap AF. I can get an excellent pair from Grant stone with horween leather for ~300 USD when on sale.

A pair of Nike jordans or air maxes is often in the ~120 range and made of far inferior materials.

Boots have never been cheaper/accessible before. The people that bring up repairable shoes don’t wear them or buy from shit brands like Thursday, doc martins, or timberland. You deserve your poor quality footwear.

Re:Why I'm not worried about AI job loss by Gigachad on Saturday February 14, 2026 @12:58AM (#47012009)
Brand new boots are cheap because some child in a 3rd world country makes them. Having them repaired in my country costs enough to generally make it worth getting new ones.
Re:Why I'm not worried about AI job loss by jakobnissen on Saturday February 14, 2026 @04:38AM (#47013121)
It's more like automated, industrial stuff is cheap, while land and human labor is expensive (and thank God for that!)

Some old stuff is now cheap: Grain, oils, clothes, steel, heating, electricity and books, for example.

Re:Why I'm not worried about AI job loss by raminism on Saturday February 14, 2026 @08:26AM (#47014363)
That is the famous Baumol effect.

https://en.wikipedia.org/wiki/Baumol_effect