[fny]

A tangential thought: say AI makes a huge dent into labor. Wages will collapse across the board. Who is left to profit from?

[soared]

There is a more feasible future IMO that paints AI as the washing machine, calculator, computer, spreadsheet, automation, etc. Jobs AI can complete don’t lead to people getting let go, but rather those people sit on top of the AI who can do their job much better (sometimes at larger scale, sometimes not). Better outputs for the same cost (well wage+AI costs) -> more purchasing power, more efficient business, etc.

I don’t know if this is how AI will go, but this exact thing happened to me with deep learning. I did stupid math to optimize algos in 2012, but in 2022 deep learning was 100x better than me. I just babysat the AI, as it (and llms) still can’t talk to clients, understand business/culturual nuances, navigate an org, politic, innovate, etc

[throwaway173738]

I think a few people will live like kings while the rest of us live in Terrafoam.

[Nextgrid]

> Who is left to profit from?

That's already the case where most of the economy is AI-related stock market speculation rather than being based on actual investment fundamentals.

[foobarian]

Money is just a proxy for value add. When automation replaces the labor, the only remaining value add may be withholding violence. I hope we don't get there