GLE Lacrosse

Their key insight is that demand is nonhomothetic : as people get richer, they don’t just buy proportionally more of everything. They shift their spending toward sectors with higher income elasticity, goods whose demand grows faster than income.

But the economics of structural change, combined with deep-seated features of human preferences, suggests something different: as people get richer, they don’t just want more commodities. They want things that aren’t commodities in the standard sense of the word. The social aspects of products such as the relationships, the status, and exclusivity

Ultimately the answer to any question about the future economics of advanced AI begins with identifying what becomes scarce

Double down on your √n skills. Get so good at your two or three multiplier skills that you’re in the top 1% at the combination of those skills.

If you’re creating content, √n of your posts will drive 50% of your results. If you publish 100 posts, 10 will matter.

You have dozens of skills. √n of them drive half your value in the marketplace.

I once read that it’s easier to act your way into new ways of thinking than it is to think your way into new ways of acting. So act. Do something with your hands. Make something nobody asked for. Go toward what you are drawn to before you can explain why. The clarity comes after the motion, not before it.

The how was hard enough to be the whole project. Nobody asked what it was for.

AI took the hiding place away and nothing replaced it.