I doubt that an equilibrium can ever be reached tho.
The biggest issue is that even if one provides better working conditions, but also standards of living, environment regulations, housing, etc. etc
Even then, there would still be an imbalance and equilibrium would still not be reached simply because of power purchasing parity and other factors.
Plus another issue is corruption. There are rules and laws already in place but corruption takes their way
Also another thing but corruption can actually also take regulations and hijack them and actually penalize things simply for reducing competition etc.
Corruptions also the reason why we have enough food to feed the world but corruptions in the way and I am not sure if there is a way to solve it
y'know I have this pet theory that corruption is everywhere but the incentives of corruption/ways changes.
In the UK, the prices of rent are so damn high, this is a developed country.
In America, corruption takes place in the form of lobbying and the coupling of politics and finance and also the immense parity of money between the average person and the CEO salary's ratio being one of the highest and the shrewd incentives being one causing these issues in the first places being written almost in law, CEO's of major companies will fire 10_000's of people or more in a blink of an eye.
China, although secret, In my opinion has corruption inside the country as well from a more political standpoint as well
In India, there are some regulations and systems meant for good but people skirt through them via corruption.
So I don't know but to me corruption feels natural in the sense that altruism can't be the only gene and biology would dictate maliciousness to be present
This does make me sad thinking about it but I think that the nash equilibrium is unfair. This is how the system works, this is a cycle and Countries Like India/China once were super rich then became poor then are getting on their path again
At the end of the day, the person speaking about this Jensuan huang is corrupt as well selling AI hype in the first place, spiking actual prices of actual goods people buy thus contributing in inflation but also that some people accuse them of even writing this statement as a way to people please
When I had thought about it previously, I think um the best things we can do is probably reduce the incentives of corruption and then the nature of good ideas would take prevalance.
It's also just not a developing vs developed countries thing anymore as I said. We see in the news cycle how much blatantly corrupt America's current administration is becoming.
At the end of the day, facing reality is hard but that's the only way we can really put real change in the world.
if you have some thoughts about how to counter corruption in your idea/ actually creating incentives to be good and not corrupt or even malicious compliance in your idea and I am listening and I'd love to discuss more about it.
I wish there was less corruption but I am starting to think that incentives are set this way to help corruption and those themselves might've been/were brought by corruption themselves as one wrote on HN once that corruption brings more corruption , so how can one stop this vicious cycle? Because if that happens, I am telling you that America has enough money but the corrupt forces distribute them in a concentrated manner, even solving that problem to me feels like something which can help empower the labour globally
perhaps the rich can be taxed for what they deserve and that money can then be spent in developing countries labour class in your idea? This to me feels the most okay way to help but the problem is, nobody's taxing the rich/its hard because of all the loopholes/malicious legal compliance in many places.