Thread by @balajis

Most value eventually becomes digital.

This is counterintuitive. But first think about what fraction of your spending already goes to digital goods like books, SaaS, etc.

Now think about what happens as robotics improves and you can “print” more things.

Much work remains on sensors & actuators. But once an actuator gets to a certain level, most value is digital.

Printers let you print most documents, speakers let you “print” most sounds, monitors let you “print” most images.

Drone delivery, robotics, 3D printing extend this.

This is a complementary take on the phenomenon @EpsilonTheory notes.

Eventually, robotics turns more forms of labor into electricity. And with digital code + digital currency, you can print out anything.

Many of these APIs already exist (from TSMC to Zazzle) but more will come.

https://twitter.com/epsilontheory/status/1335538465333719040

If we squint our eyes to look at the other side of the ongoing internet revolution, the future economy is much heavier on robotics, with even more value creation, capture, and storage happening online.

And for those who don’t become engineers? Perhaps many more investors.

https://twitter.com/balajis/status/1308430095460134912

One other point is that employment can actually be anti-correlated with productivity. The percentage of people working in agriculture plummeted even as the amount of food produced rose exponentially.