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AI Economics for Dummies
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cm0002 europe.pub cm0002@europe.pub
Joined: 2025-11-06
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Optional lemmy.world homesweethomeMrL@lemmy.world
Joined: 2023-07-09
#2 · Quote Reply

Benjamin owns a farm. He employs 100 workers plowing his fields. His total payroll is $10 million/year. One day, he buys a mule, which provides the worker who uses it with a modest 10 percent productivity gain. Benjamin fires 99 of his workers and purchases 99 mules, expecting a 1,000 percent productivity gain. The driverless mules cause plow damage to his property in excess of $50 million. Benjamin loses another $5 million due to the loss of productivity from his one remaining employee, who no longer guides a plow but instead spends 100 percent of his time shoveling mule shit. Goldman Sachs builds an altar to Benjamin in their lobby and cuts out the heart of a junior analyst on it every Friday. They call it “Blood Sacrifice Friday.” The name isn’t catchy, but the event becomes a management favorite nonetheless.

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nightwatch_admin lemmy.world nightwatch_admin@lemmy.world
Joined: 2026-03-17
#3 · Quote Reply

Fuuuuck this is brilliant

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