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I would rather be market-corrected out of a job for a few weeks or months than have this inflate into an economy-wrecking bubble that derails my career and life for years. I'm worried that we're at that state already...

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The thing about the past is that it's the past. Things change, big changes do not bring back the past. They change things.

If you are market-corrected out of a job that situation most software engineers will be out of a job for years and wages will not recover for decades, or just never.

The trajectory of feudalism has always bent towards low wages and high rent extraction. There is no possible future where we stay with feudalism but increase wages.

Let's see ... feudalism started with slave labour (which is what muslims are still fighting for, fighting to bring it back), there were many bills of rights. Feudalism more or less started with Christianity forcibly implementing the right to quit your job, any job, including slavery, and ended with equality for all.

So: nope. Quite the opposite. Feudalism was a very slow increase in rights for normal people over time.

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