[james_oofou]

more productivity at same cost = more stuff, cheaper

[muldvarp]

More productivity at same cost = More profit for companies.

Also, the cost of most of the stuff I (have to) buy (i.e. rent, groceries, ...) is not dominated by the wage of knowledge workers.

Or to put it differently: If AI makes me lose my job but doesn't decrease my rent, I'm in a really bad position.

[james_oofou]

> More profit for companies

Agreed. So I don't think it's a bubble.

Will also be good for consumers in the long-term: much faster pace of drug discovery and new tech generally.

[mgol94]

Soo where is that deflation? Bc from what I see all of that extra productivity is landing in the pockets of shareholders

[james_oofou]

Right, so not a bubble then

[delfinom]

I don't think I need email marketing spam or useless apps to be cheaper.

The hard trades and manual labor services we consume for everything that matters daily? That's not going to be made cheaper by AI.

[AlienRobot]

*To sell, not to buy.

[neuronic]

This lie is still being spread in economics classes?

[james_oofou]

No clue