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David Friedman - Dating Markets, Legal Systems, Bitcoin, and Automation
Dwarkesh Podcast
The Importance of Relative Income
I'm talking about a scenario where automation makes their jobs useless. And we're talking about large segments of the population. I don't understand their jobs are useless. It's only in the sense that there is another way of doing the same thing. But that other way is costs are relative, right? Why they can still do the same things as before in an hour of time. So why can't they still produce the amount of stuff?
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