This post is also very relevant. Especially this part which reflects an update away ETG:
Despite these caveats, the model has produced at least one important update for us. As the stock of EA capital has grown more quickly than the stock of EA labor, it has been widely claimed that earning to give is less valuable, relative to direct work, than it used to be. On a March 2020 episode of the 80,000 Hours podcast, Phil had argued that this claim was mistaken, on the grounds that the EA “capital to labor ratio” should simply be expected to fluctuate over time, suggesting that we had no reason to expect a long-run trend in either direction. Earning to give is thus still highly valuable, he argued, in light of the opportunity to invest for a time in which EA projects are again more capital-constrained. The results of our model suggest to us that this particular argument for earning to give was incorrect. It is at least plausible that, relative to direct work, earning to give has indeed grown less valuable, and—temporary fluctuations notwithstanding—will continue to do so.
Thanks. I agree Owen’s post is relevant.
This post is also very relevant. Especially this part which reflects an update away ETG: