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Is everything an MLM

annehelen.substack.com

71–80 of 297 posts

Re: Is everything an MLM

#71
My goal is to extract as much money as I can out of the tech industry, without compromising on my values. While I'm doing that I'm trying to build up a small food forest which will help me avoid the pyramid altogether.

My only hope for humanity is for at least 30% of the population to do the same, but I'm not holding my breath.

Re: Is everything an MLM

#72
post #68

Most of the economy in the so called "developed countries" is nowadays a zero-sum game between winners and losers. Seen from a macro perspective, it resembles a multi-agent system where independent agents compete to provide inessential products and services in exchange for being able to afford basic necessities like housing, food and child care. The finite resource that such companies are fighting for is people's att…

I’m sorry that this is your world view, because it is deeply flawed and focusing on such cynicism leads to depression. Most of HN lives in a tech bubble where everyone is focused on building semi-useless software like you describe. However the majority of society still does “normal” things like construction, manufacturing, sales, etc. and some sort of fundamental reorganizing of society on non-market principles doesn…

>The economy is not a zero-sum game. If I make more money there is not someone else losing.

Depends on your accounting. As a % of GDP, the economy is absolutely zero sum. And some useless sectors (finance) have been taking a greater share of GDP.

Re: Is everything an MLM

#73

Earlier quoted context omitted.

I guess any sort of significant power imbalance. Does your team generate good revenue for the company but you still get paid peanuts? Does your work ask for overtime but fail to allow you to take time off when you need it? Do they ask for commitment to the job, while being prepared to terminate you at a moment's notice when time gets tough?

There is no power imbalance except for the ones you create for yourself. A company doesn’t have much power over an employee willing to walk away for some other job.

And you think every person should be willing to walk away for some other job? How will that play out?

Re: Is everything an MLM

#74
post #70
post #68

Earlier quoted context omitted.

I’m sorry that this is your world view, because it is deeply flawed and focusing on such cynicism leads to depression. Most of HN lives in a tech bubble where everyone is focused on building semi-useless software like you describe. However the majority of society still does “normal” things like construction, manufacturing, sales, etc. and some sort of fundamental reorganizing of society on non-market principles doesn…

>> It’s not on someone else to tell me what I should and should not want. That's true. >> If I desire it and a company provides it for a price, it doesn’t matter that the smart refrigerator is a waste in your vision. People are not good at knowing(or at least acting) on what will make them deeply happy, happier over the longer term, or even just happy. Psychological research tells us that. Add to that the power of ad…

I’d rather trust individuals to make their own purchasing decisions, and let the market experiment and figure out what is best, than reorganize society on non-market principles and let a committee determine what people should and should not want.

Research may state that no one knows what will make themselves happy, but isn’t that one of life’s challenges? Finding happiness and purpose? I don’t need an academic paper to tell me happiness is difficult to attain.

Re: Is everything an MLM

#75
post #68

Earlier quoted context omitted.

I’m sorry that this is your world view, because it is deeply flawed and focusing on such cynicism leads to depression. Most of HN lives in a tech bubble where everyone is focused on building semi-useless software like you describe. However the majority of society still does “normal” things like construction, manufacturing, sales, etc. and some sort of fundamental reorganizing of society on non-market principles doesn…

>The economy is not a zero-sum game. If I make more money there is not someone else losing. Depends on your accounting. As a % of GDP, the economy is absolutely zero sum. And some useless sectors (finance) have been taking a greater share of GDP.

That's entirely artificial. At the individual or company level, nobody knows or cares about their percentage of GDP.

Re: Is everything an MLM

#76

Earlier quoted context omitted.

I guess any sort of significant power imbalance. Does your team generate good revenue for the company but you still get paid peanuts? Does your work ask for overtime but fail to allow you to take time off when you need it? Do they ask for commitment to the job, while being prepared to terminate you at a moment's notice when time gets tough?

Yeah, but you get into that contract voluntarily , so you sort of know what you signed up for, and regardless, you have the option to quit. This is why I do not understand the complaints.

Although At-Will employment gives the option for an employee to quit and seek out new employment whenever they want, At-Will explicitly favors employers.

Most people would simply prefer a raise at a job they love---

Re: Is everything an MLM

#77
post #68

Most of the economy in the so called "developed countries" is nowadays a zero-sum game between winners and losers. Seen from a macro perspective, it resembles a multi-agent system where independent agents compete to provide inessential products and services in exchange for being able to afford basic necessities like housing, food and child care. The finite resource that such companies are fighting for is people's att…

I’m sorry that this is your world view, because it is deeply flawed and focusing on such cynicism leads to depression. Most of HN lives in a tech bubble where everyone is focused on building semi-useless software like you describe. However the majority of society still does “normal” things like construction, manufacturing, sales, etc. and some sort of fundamental reorganizing of society on non-market principles doesn…

The economy that you describe, is the simplified econ 101 version. The market fixes everything, and the invisible hand steers everything to optimality.

The human being you describe in your last paragraph is from the same economics textbook: A perfectly rational human being making rational decisions 24/7.

Both are simplified models that help doing some undergrad economics...but are absolutely insufficient to explain the world correctly and prevent the solutions of a myriad of problems.

Re: Is everything an MLM

#78
post #68

Most of the economy in the so called "developed countries" is nowadays a zero-sum game between winners and losers. Seen from a macro perspective, it resembles a multi-agent system where independent agents compete to provide inessential products and services in exchange for being able to afford basic necessities like housing, food and child care. The finite resource that such companies are fighting for is people's att…

I’m sorry that this is your world view, because it is deeply flawed and focusing on such cynicism leads to depression. Most of HN lives in a tech bubble where everyone is focused on building semi-useless software like you describe. However the majority of society still does “normal” things like construction, manufacturing, sales, etc. and some sort of fundamental reorganizing of society on non-market principles doesn…

>> It’s not on someone else to tell me what I should and should not want.

Let me give you the news: companies have like..., forever, being in the business of telling others what they should want or not. This is called advertising. This is essentially what every company in the so called new economy, large or small, does to make money. In a modern capitalist economy, nobody cares about the needs of others. The goal is to advertise what you want others to do and, if the advertisement and product presentation is good enough, make loads of money. In the end, the need usually is born from the collective pressure of using the same products.

Re: Is everything an MLM

#79

Earlier quoted context omitted.

>The economy is not a zero-sum game. If I make more money there is not someone else losing. Depends on your accounting. As a % of GDP, the economy is absolutely zero sum. And some useless sectors (finance) have been taking a greater share of GDP.

That's entirely artificial. At the individual or company level, nobody knows or cares about their percentage of GDP.

The economy definitely behaves in ways that has to do with percent of GDP. Capital allocation is the most obvious factor. Individuals feel the weight of finance on the economy regardless of whether they know it or care.

Re: Is everything an MLM

#80
post #39
post #19

Any decent grad department will give the grad students a tuition waiver and stipend so it's actually the opposite of a pyramid scheme. In a pyramid scheme, you pay to join the pyramid. In academia, the pyramid pays you. I spent two years in a grad department in Boston that paid me to hang out and read books and occasionally grade papers. It probably wasn't the best life decision but there wasn't any exploitation.

Is it really free given the labor they get from you? Say your labor could get you $100k from a tech company but you're getting a $20k stipend + $20k fee remission from a university to do coding instead, aren't they benefitting from underpaying you by $60k?

The opportunity cost is offset by the student wanting to work in academia more than the industry. I know several grad students who know full well they’d be paid more at Google, but enjoy doing research at a lower salary far more. Money isn’t the only value you get out of a job.
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