Why are geniuses destroying jobs in Uganda?
Here is an important contrast. The author describes speaking to a development practitioner from Uganda, who highlighted job creation for young people being one of the major challenges for the country. 64% of unemployed there are between 18 and 30 years old. At the same time, local airports switched to fully automated parking system, requiring no staff. Why, the author asks, are the world’s scarcest economic resources devoted to economizing one of the world’s most abundant economic resources? Here, the scarce resources stand for entrepreneurial ability and top percentile of intelligence, concentrated in tech hubs such as Silicon Valley. There is a lot to unpack there, and I let you to read the article yourself. ...