Generally, health is just so heavily regulated. It’s just a painful business to be in. It’s just not necessarily how I want to spend my time. Even though we do have some health projects, and we’ll be doing that to a certain extent. But I think the regulatory burden in the U.S. is so high that think it would dissuade a lot of entrepreneurs. … it’s so heavily regulated. It’s a difficult area.
I can give you an example. Imagine you had the ability to search people’s medical records in the U.S.. Any medical researcher can do it. Maybe they have the names removed. Maybe when the medical researcher searches your data, you get to see which researcher searched it and why. I imagine that would save 10,000 lives in the first year. Just that. That’s almost impossible to do because of HIPPA. I do worry that we regulate ourselves out of some really great possibilities that are certainly on the data-mining end."
"during a period in which median wages have been stagnant over the last
30 years, median wages in terms of automobiles have almost doubled”
Well, that didn’t take long. Less than seven hours after I posted a request and reward for a 23andme app, I had two submissions. Beau Gunderson and Eric Jain (who turn out to be friends) both submitted short programs that fulfilled my request. The winning version is at Beau’s site.
This is great! Thanks for setting this up!
a surprisingly large chunk of our male population is now in the position where there is nothing that people can think of for them to do that is useful enough to cover the costs of making sure that they actually do it correctly, and don’t break the stuff and subtract value when they are supposed to be adding to it.
This is the most serious economics trend out there. Technology is replacing skills so quickly that even occupations once considered “safe” are becoming obsolete.
“No one would choose to work on the roadside,” said Mr. Say Thu, who tries to support his wife and children on an income of about $200 a month. “We would prefer to be indoors.”
This is the type of person who will be working in a factory soon, perhaps under conditions that latte-sipping, well-intentioned Americans will think too cruel.
I’m also reminded of my surprise, during my visit there, of the high prices for many/most of the handmade items. Even (especially) labor-intensive products like hand-sewn scarves seemed expensive and often not particularly high-quality compared to similar items from Thailand or Vietnam.
The reason: little to no automation. Blocking themselves from the outside world for so long made Burma poor.
(Source: The New York Times)