Wage Stagnation: Much More Than You Wanted To Know by Scott Alexander – ‘Median wages tracked productivity until 1973, then stopped. Productivity kept growing, but wages remained stagnant. This is called “wage decoupling”. Sometimes people talk about wages decoupling from GDP, or from GDP per capita, but it all works out pretty much the same way. Increasing growth no longer produces increasing wages for ordinary workers. Is this true? If so, why?’
Classic Style Intellectual Worlds by Robin Hanson – Only the most impressive intellectuals are ‘allowed’ to be creative. This is similar to the norms of classical artwork. The largest spaces on the Vatican, where the most creativity was allowed, where painted by high status artists. Normal artists only had the opportunity to fill in the smaller spaces.
Ray Dalio’s Principles by Bayesian Investor – Ray Dalio runs a very successful, and extremely weird, hedge-fund. A review of his life advice book Principles: ‘Principles contains an unusual amount of wisdom. But it’s unclear whether that’s enough to make it a good book, because it’s unclear whether it will convince readers to follow the advice. Much of the advice sounds like ideas that most of us agree with already. The wisdom comes more in selecting the most underutilized ideas, without being particularly novel. The main benefit is likely to be that people who were already on the verge of adopting the book’s advice will get one more nudge from an authority, providing the social reassurance they need.’
Humans Who Are Not Concentrating Are Not General Intelligences by Sarah Constantin – ‘Reasoning Ability’ does not seem to be required to create a relatively realistic linguistic style. You need to pay close attention to find the mistakes. OpenAI’s bot can write prose that seems to make sense unless you read it critically. It is very difficult to estimate a person’s IQ/g-factor based on their communication style.
Machine Learning Can Boost Value Wind Energy by DeepMind – Deepmind and Google have boosted value of wind energy by roughly 20 percent at the plants they worked with.