Earlier quoted context omitted.
Exactly. Zoning laws affect lot sizes, remove them as in Houston or most other countries and the problem disappears.
Rural America often doesn’t have “zoning laws”. That hasn’t stopped my home price from more than doubling since 2012.
Google boss says AI investment boom has 'elements of irrationality'
531–540 of 752 posts
Re: Google boss says AI investment boom has 'elements of irrationality'
#532If you're not then you will end up frustrated because it will be as if you have an over-eager trainee that is only slightly less dumb than a box of rocks when it comes to actual thinking but that has near perfect recall about a massive amount of information. A sort of idiot-savant.
I gave it a try for a practical problem to see how long it would take to converge on a solution. It did not, because its reasoning powers simply are not that strong. But it gave me an endless runaround about solutions that this time really would work and never mind all the previous times we did the same thing and it did not work. Between the over enthusiastic tone, the ridiculous confidence level and the jumping-to-conclusions mode that you just simply can't switch off I found the whole exercise more than a little bit frustrating. It never, for even a second expressed any doubt. It never warned when what it responded with was at best extremely low confidence and possibly very wrong (or even dangerous). And this was for a problem where I already knew the solution, it was in some ways entertaining to see the AI blunder about while in full possession of all of the information to see the solution.
'Great, that narrows it down'
'Now I see the problem'
'Got it'
'Ah - perfect'
etc, etc...
If your job involves actual thinking I don't believe you are in danger just yet.
Re: Google boss says AI investment boom has 'elements of irrationality'
#533Earlier quoted context omitted.
> That's completely out of the realm of reality for many young people now and the plummeting birth rates show it. I'm skeptical of this explanation for falling birthrates just because birthrates are falling across the world and there seems to be no correlation between fertility and financial security. America has low birthrates. Scandinavia (usually considered to have generous welfare states) has low birthrates. Hung…
A generous welfare state (like the Nordics or Switzerland) does not necessarily mean that the middle class is well off with lots of resources for kids. Usually it's the middle class (+upper class) that pays for the generous welfare state, but gets almost none of the benefits. You don't get/need the welfare, if you earn enough to be considered middle class.
Fewer kids == more investment per kid == more competition for high quality everything == more costs.
Also, more workers in the labor force (aka fewer SAHM’s, etc) == more competition for labor == lower cost for labor (vs historic trends) == can buy less with an hours labor.
The ratio of pay for an hours work to a daycare hour is at historic highs, and there is a reason for that.
If you look at women’s participation in the workforce and overlay it with ratios of worker pay vs buying power, it’s a pretty obvious correlation. There is a reason that labor has been losing ground since the 70’s, and it’s largely because birth control means that women can put off having kids (while still meeting needs like having sex and being in relationships) in order to work and make money and be independent.
The issue here is - whatcha going to do about it?
Most women I know eventually want kids, but then they get screwed by all the younger women who don’t yet want kids making the market, ahem, not very amenable.
And they’re caught in the rat race, which is its own kind of miserable, especially when everyone is competing for the same slots, instead of the roughly half that was the historic norm.
There really is no free lunch though - plenty of horror stories from before too.
Re: Google boss says AI investment boom has 'elements of irrationality'
#534Earlier quoted context omitted.
I don't even know what the selling point of AI is for regular people. In the 60s it was possible for a man to work an ordinary job, buy a house, settle down with a wife and support two or three children. That's completely out of the realm of reality for many young people now and the plummeting birth rates show it. The middle class have financially benefited very little from the past 20+ years of productivity gains. S…
> That's completely out of the realm of reality for many young people now and the plummeting birth rates show it. I'm skeptical of this explanation for falling birthrates just because birthrates are falling across the world and there seems to be no correlation between fertility and financial security. America has low birthrates. Scandinavia (usually considered to have generous welfare states) has low birthrates. Hung…
Kids can be fun but also can be really exhausting.
How many kids are really born just for having am offspring and not because of other reasons.
If people can consciously decide to have or not to have kids my bet is on falling birth rates.
For stable population you need two kids per couple and first could be an eye opener that children are a lot of work.
Re: Google boss says AI investment boom has 'elements of irrationality'
#535Earlier quoted context omitted.
It's not really about optimism or pessimism, it's effect vs no effect. Self reported anecdotes like yours abound, but as far as I'm aware the effect isn't real. That is, it's not in fact true that if a business buys AI tools for its developers their output will increase in some way that impacts the business meaningfully. So while you may feel more productive using AI tooling, in fact you probably aren't, actually.
If there was no effect we wouldn't be seeing so many mass layoffs and people complaining about this job market being worst than even dot com crash.
Re: Google boss says AI investment boom has 'elements of irrationality'
#536Earlier quoted context omitted.
If by ”Nordics” you mean the rich oil kingdom of Norway, sure. Everyone else has been cutting back on welfare for the last 20 years.
My former friend in Finland finished med school, "for free", while living in a really nice apartment "for free", receiving ADHD medications "for free", and then went to a business school "for free". He has not worked a single day in his life and he is in his very late 20s.
Re: Google boss says AI investment boom has 'elements of irrationality'
#537Interestingly I think if the AI succeed at the level that a lot of these CEOs hope we're not much better off either. And the sentiment that goes around is more: reduce the amount of people needed to do the same amount of work: https://www.theregister.com/2025/10/09/mckinsey_ai_monetizat... > McKinsey says, while quoting an HR executive at a Fortune 100 company griping: "All of these copilots are supposed to make work…
I don't even know what the selling point of AI is for regular people. In the 60s it was possible for a man to work an ordinary job, buy a house, settle down with a wife and support two or three children. That's completely out of the realm of reality for many young people now and the plummeting birth rates show it. The middle class have financially benefited very little from the past 20+ years of productivity gains. S…
Make it 50 years https://fredblog.stlouisfed.org/2023/03/when-comparing-wages...
Re: Google boss says AI investment boom has 'elements of irrationality'
#538Earlier quoted context omitted.
If Meta or Google disappared overnight, it would be, at worst, a minor annoyance for most of the world. Despite the fact that both companies are advertising behemoths, marketing departments everywhere would celebrate their end.
Considering how much of the world runs on WhatsApp alone, that’s laughably wrong.
People would just switch to the next IM platform. Most would forget they ever needed whatsapp 12 hours after a permanent whatsapp shutdown.
I mean, the only reason the majority of whatsapp users use whatsapp is the network effect.
Take that away and you think people would just give up trying to IM each other?
Re: Google boss says AI investment boom has 'elements of irrationality'
#539Earlier quoted context omitted.
I don't even know what the selling point of AI is for regular people. In the 60s it was possible for a man to work an ordinary job, buy a house, settle down with a wife and support two or three children. That's completely out of the realm of reality for many young people now and the plummeting birth rates show it. The middle class have financially benefited very little from the past 20+ years of productivity gains. S…
> In the 60s it was possible for a man to work an ordinary job, buy a house, settle down with a wife and support two or three children. Every kind of a man, or woman? > Do people really think more technology is going to be the path to a better society? Because to me it looks like the opposite. Well, this probably why statistics exist.
Exactly.
What about black people or any other minority? Black people couldn't even vote until 1965. Housing discrimination and things like redlining would prevent people from living where they wanted even if they had the money.
Re: Google boss says AI investment boom has 'elements of irrationality'
#540Earlier quoted context omitted.
It's do-able, but the housing crisis needs to be resolved. People will never own a house if they didn't have skin in the game by 2021. Salaries are not rising to match housing price inflation. Specifically, both house prices and interest need to go down heavily. Sadly, they used higher interest to try to lower prices, and that didn't really bring prices down. More supply isn't helping much either, as there is no dive…
> It's do-able, but the housing crisis needs to be resolved. Why? Almost everywhere a majority of people (and certainly the majority of voters) are already invested in housing and do not want their investment to loose value. > Specifically, both house prices and interest need to go down heavily. Sadly, they used higher interest to try to lower prices, and that didn't really bring prices down. People are more willing…