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Every time the marginal cost of a resource reaches zero, the pricing power of the previous generation is destroyed.
Information zero → Newspapers died, Google lived
Communication zero → SMS died, WeChat lived
Computing power zero → IBM died, AWS lived
The marginal cost of intelligence is approaching zero
The old pricing power is already loosening; who holds the new pricing power?
The marginal cost of intelligent thinking becomes zero → White-collar workers die, agents live.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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