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-lack of individual agency -limited prominent creative communities (SV & elite universities) -income effect> substitution effect ... contributing preference to leisure imo most reasons can be grouped into 1. lack of social motivation 2. misaligned financial incentives
Agree with you here. What causes the lack of agency? Do you really think we have fewer creative communities? not sure about that one.
you hit it on the nail with social stigma surrounding ambition... perhaps weaker willed generations are more likely deterred from being a lone wolf & taking asymmetric risks. larger corporate structures also stifle individual innovation
and maybe not fewer, but definitely not as robust. Growth in the past 20 years is synonymous w tech and finance. Most incentives align so that our top intellectual talent now sells out to wall st and consulting (not-particularly innovative industries)
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