We saw during Covid that many jobs are not needed. And we may be heading to energy lockdowns. Companies could lose a lot of valuation or just use the "AI is doing everything" excuse.
What jobs are "needed" by the economy is a function of who has the money. There's no measure of efficiency, or redundancy, that isn't relative to a specific distribution of wealth.
A lot of that money is printed and handed to some players that recirculate it where they see fit. It's as "needed" as the government paying you to dig and fill curves.
surfmike · · focus · HN ↗
Ambolia · · focus · HN ↗
vintermann · · focus · HN ↗
What jobs are "needed" by the economy is a function of who has the money. There's no measure of efficiency, or redundancy, that isn't relative to a specific distribution of wealth.
Ambolia · · focus · HN ↗