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So, AI brings massive productivity, which drops cost of living... and then what happens to the industries whose costs were reduced as part of that? What if the
by putsteadywere 10y ago
So, AI brings massive productivity, which drops cost of living... and then what happens to the industries whose costs were reduced as part of that?
What if the impact of AI reducing costs looks like the impact of on textile industries in countries that receive mountains of donated clothes?
"The result of this harmful practice is increased dependency on foreign aid in countries like Kenya and Uganda. Local industry can't compete, so factories close down, taking priceless jobs with them. It's a huge problem."
[0] http://www.spiegel.de/international/spiegel/spiegel-interview-with-african-economics-expert-for-god-s-sake-please-stop-the-aid-a-363663.html http://www.spiegel.de/international/spiegel/spiegel-intervie...
[1] http://blog.wovin.org/faq http://blog.wovin.org/faq
[2] https://techcrunch.com/2013/11/23/lets-kill-the-aid-industry/ https://techcrunch.com/2013/11/23/lets-kill-the-aid-industry...
- AstralStorm 10y agoThe main problem with robotics is the very high barrier of entry to making silicone electronics. This obviously concentrates power in the hands of the very few.
- clarkmoody 10y agoI think you meant the industries' prices instead of costs. Take the hypothetical of costs declining massively on everything: Instead of donating tons of clothing, we donate tons of food, building materials, cars, etc, since they are dirt cheap. Eventually this leads toward the techno-utopia of having all earthly needs provided for by technology for free. So the jobs in Uganda are no longer priceless, they're unnecessary. I don't believe in Utopias, but you get the point.