Everytime automation replaced jobs the economies created by this replacement always created new jobs that replaced the previous ones. The USA has always been on the forefront of automating away jobs and it's unemployment rates show that new jobs were always created and that there was no long-term unemployment due to automation. AI won't be any different.
throw234234234|3 months ago
On a side note this is why I find proponents that state people with agency will thrive in the AI world puzzling -> isn't the whole point of "agentic AI" to have "agency"?
With no advantage left (e.g. strength, intelligence, agency, etc) even if new industries come about why not use the AI for those too? Unlike previous industries where new domains needed more "brains" to drive/direct it, we have AI now. AI isn't a tool; it can for example deploy and can make decisions for itself. That's what the obsession with "agentic" is all about - replacing agency which at the moment was the very general domain that you still needed humans for.
This strongly favors the economic means of production remaining that are still scarce (capitalism rewards the scarce, not the efficient). Land, capital, social connections/nepotism, etc. Logically people without these will be less economically and socially valued in general - I hope I'm wrong. The current productive class have the most to lose from AI.
AI IMO breaks meritocracy and skilled based work long term assuming they succeed. Even if not in the next decade, and not the current crop of companies pushing it I'm sure AI will eventually cause this outcome.