2min chapter

Ben Greenfield Life cover image

"Thank God"...For Bitcoin, Raw Goat Milk, Colostrum, Yogurt, Liver & Meat, With Robert Breedlove.

Ben Greenfield Life

CHAPTER

The Second Order Effect of Smart Contracts on White Collar Work

A smart contract type innovation could disrupt or employ many white collor workers to day, it's not a bad thing. You want jobs to be automated out of existence, because that means the aggregate wealth increased for all. Use n peple forget, people are always looking at local discontinuity and market configurations due to innovation. So one day you're a custom italian leather shoemaker, the next day a shoe factory opens up down the street, and you're out of the job. The unseen result is you've increased wealth for everyone because you're making more shoes per man hour.

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