Silicon Valley is gearing up for a permanent underclass
Recently, the New York Times published an article with this striking headline, which has been a hot topic abroad for over half a month, spawning discussions on various issues, such as whether an annual income below $500,000 signifies falling into a permanent underclass.
The author writes: The AI builders in Silicon Valley are privately discussing something they all know but no one dares to say publicly—AI will not only replace some jobs, it will create a 'permanent underclass'; once you're in, there's no climbing back out.
Social mobility will be frozen—wealthy individuals will control super-intelligent machines, while others will become 'useless', unable to find employment, and will have to rely on welfare to get by.
Today, I'm fearless in wanting to ride this wave of discussion and spark a debate:
Will capital eventually lead the crypto industry to a permanent underclass (the 'retail investors') where wealth disparity is permanently entrenched?
That is, the gap in wealth between ordinary folks and the whales expands by tens of thousands of times, making it impossible to outpace players holding thousands of Bitcoins.
Moreover, platforms and institutions completely control the issuance, circulation, and trading rules of assets. In the mathematical probabilities of this game, will ordinary people always be the ones buying in late and getting harvested?
Recently, the New York Times published an article with this striking headline, which has been a hot topic abroad for over half a month, spawning discussions on various issues, such as whether an annual income below $500,000 signifies falling into a permanent underclass.
The author writes: The AI builders in Silicon Valley are privately discussing something they all know but no one dares to say publicly—AI will not only replace some jobs, it will create a 'permanent underclass'; once you're in, there's no climbing back out.
Social mobility will be frozen—wealthy individuals will control super-intelligent machines, while others will become 'useless', unable to find employment, and will have to rely on welfare to get by.
Today, I'm fearless in wanting to ride this wave of discussion and spark a debate:
Will capital eventually lead the crypto industry to a permanent underclass (the 'retail investors') where wealth disparity is permanently entrenched?
That is, the gap in wealth between ordinary folks and the whales expands by tens of thousands of times, making it impossible to outpace players holding thousands of Bitcoins.
Moreover, platforms and institutions completely control the issuance, circulation, and trading rules of assets. In the mathematical probabilities of this game, will ordinary people always be the ones buying in late and getting harvested?