Dylan Patel

That's almost a function of why Intel has fallen off a lot, right?

It's like you have all these geniuses in nanochemistry and PhDs and all these like random things, whether it be chemistry, physics, all these like incredibly smart people.

But there's a whole class of incredibly smart people that never went that way because they're like, oh, those guys are making like 200K.

Why would I do that?

I'm going to go to Google and make 800K.

and now I'm going to go to Meta and go make $100 million, right?

Any smart 18-year-old is going to be like, fuck that, I'm doing this.

Why do the smartest doctors, and I don't mean to say the smartest doctors in a general sense, but there skews a really smart population of doctors that want to be dermatologists and anesthesiologists.

It's like, is that the most valuable thing for them to do?

No, but those are the two professions that give you good working hours and great pay.

Lots of pay, yeah.

Not to say that the general doctor is not smart as them, but if you took the population of general family doctors, the random doctor, and you took the population of dermatologists, the newest coming out of school, the ones that are being dermatologists and anesthesiologists are way smarter, or at least scored better, were able to get into the field that was coveted

So yeah, talent, we've sort of been through this process of like, it's always been human capital and capital goods, sort of those two vying off of each other.

And for a long time with mechanization, industrialization, we had the human capital decreasing as the industrial capital increased.

That got to a point where, especially in the 70s, it really started to tank as the ability to globalize and all these things started to really hit the U.S.

And that's why we have a lot of the population level dynamics and income inequality that we have today that like is very bad for the psyche of the U.S.

and the stability of it.

But you now have like we're in such a age of actually like manufacturing things is pretty commodity.

Like most of the value doesn't come from the manufacturing of it.

It comes from the creation of the idea.