What would the other 80% be spent on? Sanjay’s estimate could also be quite conservative. Say it was $1B given away in next year, with 80% of it allocated to programs in next year, and 80% spent on salaries, with an average salary of $80k. Then it would be 8k jobs! Maybe we can say that there will be somewhere in the range of 80-8,000 jobs available over the next 18 months (and more in the coming years). Sanjay’s 1,000 does seem like a reasonable point estimate.
Here’s an example of an FTX Future Fund application requesting $1M that doesn’t mention using the money to hire anyone. Instead, the plan is to use the money to subsidize charity prediction markets.
What would the other 80% be spent on? Sanjay’s estimate could also be quite conservative. Say it was $1B given away in next year, with 80% of it allocated to programs in next year, and 80% spent on salaries, with an average salary of $80k. Then it would be 8k jobs! Maybe we can say that there will be somewhere in the range of 80-8,000 jobs available over the next 18 months (and more in the coming years). Sanjay’s 1,000 does seem like a reasonable point estimate.
Here’s an example of an FTX Future Fund application requesting $1M that doesn’t mention using the money to hire anyone. Instead, the plan is to use the money to subsidize charity prediction markets.
8000 is unrealistic. EA can’t scale that fast.
Yes, it would have to involve some amount of hiring from outside the community.