AGB can correct me if I’m wrong, but I’d summarize it as:
EAs originally thought that replicability meant your value is only equal to how much better you are than the next best applicant, rather than your total value.
Now EAs think your value is equal to your full value, as the person you “replace” would go on to produce their full value somewhere else. Replaceability thus isn’t really the issue that we once thought it was.
However, when considering additional costs, underemployment factors, other market dynamics, etc., it looks like the EA employment market is very saturated and the next best applicant actually doesn’t end up producing their full value somewhere else. So perhaps our original naive analysis of replaceability ends up being closer to the truth.
I agree with this summary. Thanks Peter and sorry for the wordiness Milan, that comment ended up being more of a stream of consciousness that I’d intended.
AGB can correct me if I’m wrong, but I’d summarize it as:
EAs originally thought that replicability meant your value is only equal to how much better you are than the next best applicant, rather than your total value.
Now EAs think your value is equal to your full value, as the person you “replace” would go on to produce their full value somewhere else. Replaceability thus isn’t really the issue that we once thought it was.
However, when considering additional costs, underemployment factors, other market dynamics, etc., it looks like the EA employment market is very saturated and the next best applicant actually doesn’t end up producing their full value somewhere else. So perhaps our original naive analysis of replaceability ends up being closer to the truth.
I agree with this summary. Thanks Peter and sorry for the wordiness Milan, that comment ended up being more of a stream of consciousness that I’d intended.