Comment by jongjong
1 day ago
Also, I should add that the job-hopping is likely a feature of our inflationary monetary system; as inflation is ongoing, people find that if they change jobs after 1 or 2 years, they can get some non-trivial salary increase... In reality, changing jobs every 2 years doesn't actually give you a real salary increase; it merely allows you to maintain your buying power in the face of inflation...
The elite class is basically using the monetary system to constantly squeeze value creators by forcing them to job-hop frequently as it demoralizes them, lowers their self-esteem and thus helps to keep their salary expectations down. The manager class also contributes to the demoralization aspect of value creators by imposing unnecessary constraints on value creators.
The reason we have population collapse in the west is because value creators are systematically demoralized. It's literally the enslavement of value creators by value extractors.
I think this is why coding is increasingly seen as a low-class skill nowadays... If you possess any productive skill, it signals that you're part of the lower 'value creator' class.
There is even a belief that if you have to create value for a living, then it means that you're just not smart enough to figure out how to make other people work for you... Completely ignoring the reality that it's all about social networking; literally all about your position in the social graph and distance to money printers.
If only someone invented a monetary system where the supply of money was determined by an algorithm that didn't constantly pump new money into existence all the time.
Oh wait, they did. But for some reason, most people on HN say Bitcoin is for scammers and grifters, and has no fundamental value proposition...
Bitcoin is a good store of value but unfortunately, Bitcoin doesn't scale beyond around 4 transactions per second and uses a massive amount of electricity. Also, a lot of cryptocurrencies basically turned into scams; sometimes with the backing and approval of governments.
That said, I think centralized providers acting as a layer above Bitcoin or any limited-supply crypto would still be orders of magnitude better than what we have now. Unfortunately, the boomers who benefited from the current fiat system think Bitcoin is just a fad to satisfy the fickle whims of spoiled millennials.