We're building increasing layers of abstraction on top of physical production. In industry these positions wouldn't exist if they didn't increase efficiency somehow. However, as regulation increases, more and more work gets allocated to satisfy these arbitrary bureaucrats
Bingo. This is really what’s missing here: most of these jobs are badly allocated labor. Companies would rather hire 20 more engineers or sales people than 10 regulatory compliance specialists just because some bureaucrats want to audit your firm every two years.
We're building increasing layers of abstraction on top of physical production. In industry these positions wouldn't exist if they didn't increase efficiency somehow. However, as regulation increases, more and more work gets allocated to satisfy these arbitrary bureaucrats
Bingo. This is really what’s missing here: most of these jobs are badly allocated labor. Companies would rather hire 20 more engineers or sales people than 10 regulatory compliance specialists just because some bureaucrats want to audit your firm every two years.