Skip to content
By using Twitter’s services you agree to our Cookies Use. We and our partners operate globally and use cookies, including for analytics, personalisation, and ads.

This is the legacy version of twitter.com. We will be shutting it down on June 1, 2020. Please switch to a supported browser, or disable the extension which masks your browser. You can see a list of supported browsers in our Help Center.

  • Home Home Home, current page.
  • About

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @
  • Language: English
    • Bahasa Indonesia
    • Bahasa Melayu
    • Català
    • Čeština
    • Dansk
    • Deutsch
    • English UK
    • Español
    • Filipino
    • Français
    • Hrvatski
    • Italiano
    • Magyar
    • Nederlands
    • Norsk
    • Polski
    • Português
    • Română
    • Slovenčina
    • Suomi
    • Svenska
    • Tiếng Việt
    • Türkçe
    • Ελληνικά
    • Български език
    • Русский
    • Српски
    • Українська мова
    • עִבְרִית
    • العربية
    • فارسی
    • मराठी
    • हिन्दी
    • বাংলা
    • ગુજરાતી
    • தமிழ்
    • ಕನ್ನಡ
    • ภาษาไทย
    • 한국어
    • 日本語
    • 简体中文
    • 繁體中文
  • Have an account? Log in
    Have an account?
    · Forgot password?

    New to Twitter?
    Sign up
vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

Tweets

Venkatesh Rao

@vgr

This is my conversational account. For my work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian.

Los Angeles, CA
venkateshrao.com
Joined August 2007

Tweets

  • © 2020 Twitter
  • About
  • Help Center
  • Terms
  • Privacy policy
  • Imprint
  • Cookies
  • Ads info
Dismiss
Previous
Next

Go to a person's profile

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @

Promote this Tweet

Block

  • Tweet with a location

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

    Your lists

    Create a new list


    Under 100 characters, optional

    Privacy

    Copy link to Tweet

    Embed this Tweet

    Embed this Video

    Add this Tweet to your website by copying the code below. Learn more

    Add this video to your website by copying the code below. Learn more

    Hmm, there was a problem reaching the server.

    By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.

    Preview

    Why you're seeing this ad

    Log in to Twitter

    · Forgot password?
    Don't have an account? Sign up »

    Sign up for Twitter

    Not on Twitter? Sign up, tune into the things you care about, and get updates as they happen.

    Sign up
    Have an account? Log in »

    Two-way (sending and receiving) short codes:

    Country Code For customers of
    United States 40404 (any)
    Canada 21212 (any)
    United Kingdom 86444 Vodafone, Orange, 3, O2
    Brazil 40404 Nextel, TIM
    Haiti 40404 Digicel, Voila
    Ireland 51210 Vodafone, O2
    India 53000 Bharti Airtel, Videocon, Reliance
    Indonesia 89887 AXIS, 3, Telkomsel, Indosat, XL Axiata
    Italy 4880804 Wind
    3424486444 Vodafone
    » See SMS short codes for other countries

    Confirmation

     

    Welcome home!

    This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.

    Tweets not working for you?

    Hover over the profile pic and click the Following button to unfollow any account.

    Say a lot with a little

    When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.

    Spread the word

    The fastest way to share someone else’s Tweet with your followers is with a Retweet. Tap the icon to send it instantly.

    Join the conversation

    Add your thoughts about any Tweet with a Reply. Find a topic you’re passionate about, and jump right in.

    Learn the latest

    Get instant insight into what people are talking about now.

    Get more of what you love

    Follow more accounts to get instant updates about topics you care about.

    Find what's happening

    See the latest conversations about any topic instantly.

    Never miss a Moment

    Catch up instantly on the best stories happening as they unfold.

    1. Venkatesh Rao‏ @vgr Feb 23
      • Report Tweet
      • Report NetzDG Violation

      Thought: For an individual, labor supply curve is not monotonic up and to the right, it’s a U-shape. If you have minimum living costs, you’ll sell more time to hit your minimum. But once you can make minimum with less than 100% time, leisure is substitute demand so curvecrisespic.twitter.com/Y85u1pfHOR

      2 replies 2 retweets 35 likes
      Show this thread
    2. Venkatesh Rao‏ @vgr Feb 23
      • Report Tweet
      • Report NetzDG Violation

      Modeling your supply curve is just as hard as modeling your demand curve. With demand, you lack data. With supply you lack self-knowledge. Would I be willing to sell all my time at $1000/hour? $2000/hour? Can’t answer without knowing what you’re asking me to actually sell.

      1 reply 0 retweets 9 likes
      Show this thread
    3. Venkatesh Rao‏ @vgr Feb 23
      • Report Tweet
      • Report NetzDG Violation

      The higher the price, the more of your waking hours you should be willing to sell, up to biological sustainability for that type of work. But past a point you will want to sell less, because it’s deal with a devil, indecent proposal etc.

      1 reply 1 retweet 10 likes
      Show this thread
    4. Venkatesh Rao‏ @vgr Feb 23
      • Report Tweet
      • Report NetzDG Violation

      Oh shit I’ve discovered the true human labor supply curve. It’s a demented curve. Gimme economics Nobel.pic.twitter.com/PJOuk6nQfB

      2 replies 2 retweets 31 likes
      Show this thread
    5. Venkatesh Rao‏ @vgr Feb 23
      • Report Tweet
      • Report NetzDG Violation

      Red = sample demand curve offering a choice between soulless grind and slightly soulful passion work at lower pay Blue = sample demand curve offering a choice between selling your soul for a while to make fuck-you money vs sticking to high integrity passion work

      1 reply 0 retweets 9 likes
      Show this thread
      Venkatesh Rao‏ @vgr Feb 23
      • Report Tweet
      • Report NetzDG Violation

      Y’all ignoring this now, but when I attach some catchy metaphor and meme and write it up, you’ll be like “much insight, wow” 😐

      4:20 PM - 23 Feb 2020
      • 25 Likes
      • 🐢 Turtle is. chad donkey from shrek 2 K Visakan Veerasamy Extraordinary Banana Dorian Taylor David Alleyn QC Andrew M. Webb
      2 replies 0 retweets 25 likes
        1. New conversation
        2. Venkatesh Rao‏ @vgr Feb 23
          • Report Tweet
          • Report NetzDG Violation

          Law of human labor supply: we either sell enough time to make rent, or work because we’re bored of leisure, or sell minimum fraction of soul we can to make fuck-you money Those are the 3 regimes. I could probably even quantify this.

          2 replies 1 retweet 18 likes
          Show this thread
        3. Venkatesh Rao‏ @vgr Feb 23
          • Report Tweet
          • Report NetzDG Violation

          Part I haven’t modeled yet is leisure value model. Annoying coupling here since surplus income increases the value of leisure, creating feedback loop. Eg. If you can make survival income in 30h/week but enough surplus for 1 kindle ebook/wk with 31h, value of 9 free hours went up

          1 reply 0 retweets 7 likes
          Show this thread
        4. Venkatesh Rao‏ @vgr Feb 23
          • Report Tweet
          • Report NetzDG Violation

          Less confusing: there’s actually 3 supply curves for your time: subsistence work, passion work, fuck-you-money exit work

          1 reply 0 retweets 12 likes
          Show this thread
        5. Venkatesh Rao‏ @vgr Feb 23
          • Report Tweet
          • Report NetzDG Violation

          Most of us will never see the FU$ curve because it’s past the line of how hard we’re capable of working on the right (say 100h/week) Most middle class will never see the subsistence curve because you can always find something more meaningful on the passion curve to beat it

          1 reply 0 retweets 9 likes
          Show this thread
        6. End of conversation

      Loading seems to be taking a while.

      Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.

        Promoted Tweet

        false

        • © 2020 Twitter
        • About
        • Help Center
        • Terms
        • Privacy policy
        • Imprint
        • Cookies
        • Ads info