There's a lot of non-engineering people who are very happy to see someone else get unemployed by automation for a change. The people who formerly were automating others out of a job are getting a taste of their own medicine.
I am not an engineer and I expect my white collar job to be automated.
The reason to be excited economically for this is if it happens it will be massively deflationary. Pretending CEOs are just going to pocket the money is economically stupid.
Being able to use a super intelligence has been a long time dream too.
What is depressing is the amount of tech workers who have no interest in technological advancement.
I'm not sure exactly what you mean by deflationary, but in general deflation in an economy is a very bad thing. The most significant period of economic deflation in the US was 1930-1933, ie, the great depression, and the most recent period was the great recession.
And since when do business executives NOT pocket the money? Pretty much the only exception is when they reinvest the savings into the business, for more growth, but that reinvestment and growth usually is only something the rest of us care about if it involves hiring..
> that would cause a tremendous drop in demand for the services the schaudenfreuden folks provide, hurting them as well
You're correct. But it doesn't matter. Remember the San Francisco protests against tech? People will kill a golden goose if it's shinier than their own.
satyrun|7 months ago
The reason to be excited economically for this is if it happens it will be massively deflationary. Pretending CEOs are just going to pocket the money is economically stupid.
Being able to use a super intelligence has been a long time dream too.
What is depressing is the amount of tech workers who have no interest in technological advancement.
overgard|7 months ago
And since when do business executives NOT pocket the money? Pretty much the only exception is when they reinvest the savings into the business, for more growth, but that reinvestment and growth usually is only something the rest of us care about if it involves hiring..
linotype|7 months ago
JumpCrisscross|7 months ago
You're correct. But it doesn't matter. Remember the San Francisco protests against tech? People will kill a golden goose if it's shinier than their own.
daedrdev|7 months ago