far so to sum up uh the problem we face today in my view is scarce skills not scarce jobs um thank youthat's a good question um you know I think undoubtedly Geographic inequality is a major part of the inequality we see
problem. Now, meaning in ordinary life is like an atmosphere that's losing its incredibly scarce . So, what do we need to do? We could turn back the clock, I suppose. Some people have proposed that.
There's more capital out in the world than ever before. The scarce resource is attention. How do you get attention?
A handful of taste makers or influencers, who are party elites settled on their favorite candidate-- let's call him Jeb Bush-- decided to distribute their favoritism of Jeb Bush through scarce media channels, like FM stations and television stations, and the public would necessarily and obediently come to believe them and vote for the preferred candidate.
but this time, most of these mutation populations start to decline. Because of the scarce resources, the new best population, the lime one, actually starts stealing resources from the others. After that, a few more mutations pop up, even more powerful than the lime.
You can find the answer on how to do pretty much anything, or buy a book on the topic. Information is no longer scarce , so that can't be it. Skill? Well, skill can be acquired, just like information.
One of the key lessons of economics is scarcity is what gives rise to high returns, right? What is the scarce factor? What is the weak link?
goods, consumables, utilitarian goods uh will become abundant. But, there are always going to be scarce desirable goods that will not become abundant. And I think he overstates the case. Money will still be valuable, wealth will still be valuable. But, I'll give you an example.
But in late 2023, the company’s board of directors canned him. Public details were scarce , but it was speculated that the board’s priority was AI safety, while Altman’s was profits. But in less than a week, Altman was reinstated — while most of the board members were replaced.
And what I'm trying to argue in the book is that we in higher education control our own three scarce resources. We control scarce access to the seats in the classroom. We control scarcity and access to faculty experts.
But if we don't believe that-- and I don't know anyone who does-- then this is a terrible way of allocating access to the scarce resources. And we ought to be ashamed of ourselves.
Throughout most of human history, cloth was scarce . Everything was scarce . Food was scarce . And it's only with the Industrial Revolution, which made thread or yarn for making cloth available widely,
From a Netflix perspective, sleep is our biggest form of competition. Time is scarce . And it's a contestability for that time which we need to focus on. Now, this battle for our scarce attention is having consequences on art, on how art is produced, on how art is created.
And I didn't think it would make much difference. And then water so scarce in some places because of climate change.
Number one, ownership conflicts are all around us. The owners of scarce resources that people want, they design allocation, they design how you get these resources, and they use that to basically steer us to do what they want.
Number one, ownership conflicts are all around us. That is a scarce resource.
And how can you expect your dishwasher to be truly effective at keeping you safe and making your dishes clean with the least amount of water in an age of scarce resources if you are able to put any old dish that you want in your dishwasher? And that is why you shouldn't be bending the prongs of your dishwasher or trying to take the RFIDs out of the dishes that you bought from the Disher store
When we have scarce time, it can be good for us.
And it's inherently scarce , but not only is it inherently scarce , it's also inherently scarce in a very predictable fashion.
Everything was scarce . And every single aspect of the system, you really had to think carefully, because there just wasn't--
Resources are scarce . Conflict is inevitable.
The new scarce resource is customer attention.
fighting for scarce resources.
So we know that scarce things are more valuable, and we also know that things that come from high power people are more impactful.
If something is scarce because it is popular, it does not raise in value and we don't pay more attention to it.
But if something is scarce because of an outside force, because of a manufacturing or some other thing, we assign much more value.
Life is scarce , and so I'm going to just grab mine.
Apartments are scarce . Buildings are still destroyed.
Sugar was too scarce .
it's scarce , it's too expensive?
there are scarce resources.
when computers were scarce and expensive and had to be protected and controlled and where anything that disrupted the status quo was
That knowledge is relatively scarce , that most of what we see is not knowledge.
it's relatively scarce , it's impersonal in that anybody, whatever is true is true for everybody.
is a very scarce metal and the same thing is going on in China with what they call rare earths. The more rare something is, the more we assign value to it and I'm giving a tiny
usually grown in water scarce regions the RLC has become a
or information not as scarce , good.
Number one, ownership conflicts are all around us. As resources become scarcer, the stakes rise in the storytelling battle.
It is scarcely a secret that we live in a terrifying world, a world in which
Sometimes my candle scarcely out, my eyes would close so quickly that I did not have time to say to myself, 'I'm going to sleep.' And half an hour later,
The true investor scarcely ever is forced to sell his shares.
And it's also scarcely populated.
As Evans could scarcely have imagined in 1900, Linear B would become one of the most tantalizing riddles of the first half of the 20th century, a secret code that
that they could scarcely realize no doubt, palsied them with fear.
But they thought in their scarce mindset.
And I think the real scarce resource-- again, going back to a point we raised earlier-- is imagination in the executives,
And so time is a scarce resource when you're managing risk.
of human intelligence was still rare and scarce and only humans had it.
So it's even more scarce in that very beginning in terms of that.
Time is critical because it's naturally scarce .