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michael_nielsen's profile
michael_nielsen
michael_nielsen
michael_nielsen
@michael_nielsen

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michael_nielsen

@michael_nielsen

Searching for the numinous. Co-purveyor of https://quantum.country/ 

San Francisco, CA
michaelnielsen.org
Joined July 2008

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    1. Christopher Mims  🎆‏Verified account @mims 26 Jul 2018
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      Here is a super important thing that we don't talk about enough: Almost all of the increase in income inequality from 1978 to the present can be accounted for by the difference in wages between top performing firms and everyone else. 1/ https://www.wsj.com/articles/why-do-the-biggest-companies-keep-getting-bigger-its-how-they-spend-on-tech-1532610001 …pic.twitter.com/4oTzc0qXSr

      20 replies 208 retweets 329 likes
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    2. Christopher Mims  🎆‏Verified account @mims 26 Jul 2018
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      So you cannot talk about income inequality, a winner take all economy, the rise of megafirms like Amazon, Google, Apple, Facebook etc. without talking about all of them together, how they're interrelated, how they're a consequence of computers and software themselves. 3/

      4 replies 36 retweets 85 likes
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    3. Christopher Mims  🎆‏Verified account @mims 26 Jul 2018
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      At some point a new politics / policymaking will be built around these realities, especially as economists explore more hypotheses about what this all means. (Is technology itself to blame for our ever more ossified class/caste system?) But who knows when. 4/4

      6 replies 8 retweets 44 likes
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    4. michael_nielsen‏ @michael_nielsen 26 Jul 2018
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      Replying to @mims

      This is a very interesting set of assertions. Is it possible the relationship between cause and effect is backward? I.e., of course the top 5% cos had higher productivity growth: that's what made them the top companies? And they could spend more on IT b/c they were so successful?

      3 replies 0 retweets 1 like
      michael_nielsen‏ @michael_nielsen 26 Jul 2018
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      Replying to @michael_nielsen @mims

      I don't hold these as convictions. Just wondering if they provide alternate (& much less interesting) explanations of those graphs?

      6:53 AM - 26 Jul 2018
      0 replies 0 retweets 0 likes

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