411 karma · joined January 12, 2017
In fact I know some companies hate hiring from people who worked at places like Amazon, because they try to bring such a brutal overwork ethic that can ruin the balance other people are striving to achieve.
When you do unpaid work, it means that it's work that doesn't matter, which means it isn't providing you with much in terms of valuable skills.
When you're learning to code early on the push to become a "stronger" developer makes it easy to pursue this.
Without our smartphones, spending hours tinkering would be how most people ended up spending their time. It sets one up much more so for a maker mindset over a consumer mindset.
This is one reason why economic growth in the west is stagnant. Technological progress is what fuelled our strong growth half a century ago. Without it, politics becomes a zero sum game.
The period of comparison is really the start of the industrial revolution until the 1970's. This 100 year period was dramatic, and arguably, we are not matching it right now with our rate of progress outside of information technology.
For efficiency to be considered a huge leap in progress, it needs to be a change on the order of magnitudes....
Refinement is taking existing tech and moving it up (e.g. 10 to 30).
Thiel argues real game changer tech emerges when it brings us from 0 to 1. From nothing to something huge.
2. Technological progress is based on the outcomes they bring with them. Easy or hard to achieve -- doesn't matter in terms of this measurement. Insane advancements in physics is not technological progress unless it enables us to vastly improve our existing capabilities to do things as humans.
Thiel argues this by pointing to a tech were all excited about: self-driving cars.
Thiel argues the original invention of the car was still a bigger innovation.
electricity -> cars -> airplanes -> rockets -> space travel
radio -> tv
laundry machines -> dishwashers
antibiotics -> vaccines
^^^All first 3/4 of 20th century. Self-driving cars would be merely a close match to any one of them. For the next 50 years to match what we saw in the start of the 20th century, we are going to need at least 4 or 5 other technological revolutions in the world of atoms for the comparison to be even similar.
One reason we have stagnated can be revealed in the bias of our new language. Where we once used the terms "1st World" and "3rd World" we now use "Developed" and "Developing" -- language that is excessively bullish about globalization while implicitly pessimistic about technology.
- that our language about the ‘developed' vs ‘developing' world is excessively bullish about globalization while implicitly pessimistic about technology.
- that government has changed from thinking that progress can be achieved via planning, into thinking that it's more just there to watch random forces & statistics evolve the world. This change in mindset away from planning for innovation has made it impossible to achieve grandiose mission like the Apollo space missions. As a result if there is going to be a government role in getting innovation started, people have to philosophically believe again that it’s possible to plan.
- that environmentalism has induced a deep skepticism about anything involving the manipulation of nature or material objects in the real world. This skepticism explains why computer tech has been able to advance so much but not physical technology like transportation.
- that peer review and grant approval processes are too political, science has suffered because it is hard to find scientists who excel at both science and politics.
- that a shift from manufacturing to non-tradeable services has led to a political class (such as lawyers) that is weirdly immune to globalization and mostly oblivious to it.
Step back and forget about informational technology. Look at the world of atoms, not at the world of bits.
Since the decommissioning of the Concorde, our fastest commercial means of transportation has actually been getting slower, not faster. Man hasn't reached farther out in space than the moon missions of the 1960s. The first half the of the 20th century brought us: antibiotics, electricity, automobiles, air travel, rockets, space travel, satellites, radio, reliable clean drinking water, indoor heating, laundry machines, diswashers, widespread indoor plumbing, and massive improvements in sanitation / literacy.
The second half of the 20th can't even come close to this level of technological growth.
Trying to read brain signals from a skin-based EEG device is like trying to listen in on a conversation being had inside a packed sports stadium while you fly over it in a helicopter.
Unlike Amazon, Uber faces massive variable costs in driver recruitment/onboarding, legal regulations and local advertising.
Seriously. The rules needed to onboard a driver in Alberta, Canada are completely different from New South Wales, Australia. You can't automate driver recruitment/onboarding in either of these cities because these markets have passed actual legal regulations to allow ridesharing that require unique, but idfferent things (e.g. like market-specific commercial drivers licenses, background checks... or filling out registration forms made by the jurisdiction).
The infrastructure costs of deploying a fleet of cars to compete with Uber if they gain market share will be massive, all but assuring they will hold a monopoly position for years unless a decentralized competitor could actually become reliable quickly (I doubt it).