https://www.nytimes.com/2026/06/09/magazine/ai-jobs-workforce-labor.html

@ModeledBehavior It's very funny because this issue was debated a lot during the microfinance boom and it turned out that most people don't want to be entrepreneurs.

@ModeledBehavior This bit was equally silly. Does he think children weren't working to death in the fields before industrialization?

@techn0politics The startup rate is far below historical levels and basically every economist agrees this is a problem, and he is worried we will solve this and also solve it too much. That is hack shit I am sorry

@ModeledBehavior Do you disagree with his analysis that a massive number of new entrants can be distortionary?

@ModeledBehavior Got it, that is helpful context that I did not know. I appreciate you replying!

@techn0politics Sorry I got mad, but I'm mad at him not you

@ModeledBehavior Where does he get this "it is very, very costly and very distortionary"? It's fine.

@besttrousers @ModeledBehavior Most don't even want to work for an entrepreneur. It's exhausting. Or so I imagine.

@ModeledBehavior Acemoglu doesn't take Hayek seriously.

@the_sigh_op2 @ModeledBehavior No they didn't die of lung cancer at age 20 working in the fields? Broad reduction in the QoL is absolutely compatible with technological progress--both agricultural and industrial revolutions are well beaten examples. A priori cannot rule out the AI revolution won't be the same

@ModeledBehavior AI giving entrepreneurs in developing markets access to better advice and tools. How is that a bad thing? 🚀