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johnvanommen | 22 days ago

> Generating an extra $400 per year in value, per employee, isn't that much extra.

I agree, and would add that it’s contributing to inflation in hard assets.

Basically:

* it’s a safe bet that labor will have lower value in 2031 than it has today

* if you have a billion to spend, and you agree, you will be inclined to put your wealth into hard assets, because AI depends on them

In a really abstract way, the world is not responsible for feeding a new class of workers: robots.

And robots consume electricity, water, space, and generate heat.

Which is why those sectors are feeling the affects of supply and demand.

discuss

order

whattheheckheck|22 days ago

The world IS responsible for handling the people. Thats the whole fucking reason we made society to take care of children. Nothing is inevitable. It serves the interests of the few.

tjwebbnorfolk|22 days ago

"The world" isn't responsible for anything. The world simply exists, and owes you nothing.

mahirsaid|22 days ago

humans collectively are responsible for the end results of innovations and achievements , otherwise who are you doing all this for. Wars are a extreme form of disagreements amongst a large body of opposing opinions or perspective IMHO. Earth (world!) simply exists, with or without you. You as Byorganism/Byproduct of this planet you have an obligation to this planet in good deeds. Have you not watched Star-Wars?

YokoZar|22 days ago

> * it’s a safe bet that labor will have lower value in 2031 than it has today

If AI makes workers more productive, labor will have higher value than it has today. Which specific workers are winning in that scenario may vary tremendously, of course, but I don't think anyone is seriously claiming AI will make everyone less productive.

keybored|22 days ago

> If AI makes workers more productive, labor will have higher value than it has today.

Workers being more productive does not necessarily translate to workers getting more leverage or a larger piece of the pie.

z2|22 days ago

The value of labor i.e. wages depend on labor demand (the marginal product of labor) and bargaining power, not output per worker. If AI is a substitute for many tasks, the marginal value of an additional worker, and what a company is willing to pay for their work can fall even if each remaining worker is more productive.