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We must return to an economy fueled by innovation, rather than disruption

greg-satell.medium.com

141–150 of 318 posts

Re: We must return to an economy fueled by innovation, rather than disruption

#141

Can we get an open source gig economy app where 75% of the profits go to gig workers? Then 7.5% would go towards employee rights and benefits of gig workers, 7.5% towards contributors improving the software, and 10% towards customer support and legal third parties.

Huh? Nothing stops gig workers as it is from organizing and just paying an app developer. The unions simply can't make inroads with them for whatever reasons.

Re: We must return to an economy fueled by innovation, rather than disruption

#142

The loss of innovation has zip to do with the Uber Economy. Try the fact that the middle class has been gutted by an unfair tax structure that shreds responsibility away from the wealthy and corporations and has created peripheral damage in high college cost and low public school expectations. Bring back the tax rate where people making over 540k (the 1980 equivalent of the top tax rate $225,000) pay 50% on anything…

The current president had been holding a position of power in Washington for 50 years. Same is true for many other top politicians. As long as you vote in the same people over and over again, nothing will change.

we have no choice. Only parties who support capital can muster the resources to run & win because of strategic voting made necessary by a first past the post voting system.

All problems are down stream of voting rights, gerrymandering, and first past the post / non-proportional representation

Re: We must return to an economy fueled by innovation, rather than disruption

#143

Fully agree with this. It seems like so many of the apps that come to dominate just make up for shortcomings unique to the US that then, with money, take over the rest of the west for no good reason other than scale to get 25 people at the top of those companies rich. I’ve never seen the need for Uber. Taxis have never been an issue in the UK and the most successful firms in the city I lived when Uber was starting ou…

It's all sunshine and rainbows, while you are in your hometown and know which one is good, won't scam you etc.

I landed in India or Brazil a few times, with language familiarity limited to "bon día". Without local sim card. This trip would be orders of magnitude harder without Uber and similar.

Re: We must return to an economy fueled by innovation, rather than disruption

#144

I just find it really weird that there wasn't a thinktank in 2005 or so, that said "Okay, what are the next big phone applications?" and invented Uber and a few others. What is the point of these thinktanks if they can't predict 3 years ahead along our current technological advancement curve?

IMHO a bigger problem is equating innovation with digitization. In the end, living standards mostly stem from our interactions with the physical world, not digital. After all, rich people buy yachts and mansions, not Adamantium armor++ set

Venture capital ought to have it's hand on the pulse of technology. The most impactful tech of the last 5 years, with massive societal and financial returns, was mRNA vaccines. Yet I've never heard VCs raving about them. As soon it touches physical world, it gets shunned by investors

Re: We must return to an economy fueled by innovation, rather than disruption

#146
post #106
post #64

Earlier quoted context omitted.

I regularly use non Uber taxis and have found them to actually be reliable. I'm in London and I'm not talking about black cabs for ref.

Was taxi reliable and good prior to the advent of uber?

Yes very reliable. They still are. Just Uber has an app and attention now.

Re: We must return to an economy fueled by innovation, rather than disruption

#147
From “ Total Factor Productivity Growth in Historical Perspective” referenced in the article:

> Economists have long found that they can explain only a portion of economic growth by the growth of inputs to production, such as the number of hours worked or the amount of capital used. The unexplained (or residual) portion, which presumably reflects advances in production technologies and processes, is conventionally attributed to all of the production factors together and is referred to as total factor productivity (TFP) growth.

I don’t think it’s fair to blame Uber for the lack of economic growth for the entire USA.

In addition, the paper referencing the economic slowdown compares 1970-2006, 36 years, to 2006-2016, 10 years. And during those 10 years the housing bubble collapsed. The dates selected appear cherry picked to show the largest decline possible.

Re: We must return to an economy fueled by innovation, rather than disruption

#148

Earlier quoted context omitted.

It sounds more like a banking problem than an innovation problem.

I agree with that. Money seems to flow to "safe" products. Some minor iteration of payments, CRM, taxis or fitness. How do you fix it when the incentives are skewed towards quick bucks? Government pushing certain industries has worked for China. There'll be a lot of opposition to that in the US I'd imagine.

It happens to a degree in the US with federal research grants, but maybe not to the extent of other countries.

Re: We must return to an economy fueled by innovation, rather than disruption

#150

Can we get an open source gig economy app where 75% of the profits go to gig workers? Then 7.5% would go towards employee rights and benefits of gig workers, 7.5% towards contributors improving the software, and 10% towards customer support and legal third parties.

Huh? Nothing stops gig workers as it is from organizing and just paying an app developer. The unions simply can't make inroads with them for whatever reasons.

One reason being union-busting behaviors from the threatened firms, obviously.
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