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The critical fact often overlooked by techno-utopia folks is what you've put very well.. 'AI will be used to maximize profits rather than free us from labor.'.
by DesiLurker 8y ago
The critical fact often overlooked by techno-utopia folks is what you've put very well.. 'AI will be used to maximize profits rather than free us from labor.'.
this is my main concern given our current political & economic setup today. as I see it, UBI can only be implemented before AI is realized. Its because once it is there no 'winner' is gonna share the fruit of their hard work with unwashed masses. essentially then there would be no difference between poor people in your own country and rest of the world. So we can use our leader's attitude toward rest of world as a guide for what they are going to do here.
- paulpauper 8y agoThe labor force participation rate is at multi-decade lows and so is the number of hours worked weekly. people are already being freed from labor
- DesiLurker 8y agoLabor participation rate is low because of long term demographic trends. Also the labor wages have been stagnant for last 30 years (adjusted for inflation). overall the benefits of increased productivity from automation has only gone to the upper decile of income. to make ends meet people are just working longer hours. Also, there has been a fair bit of gaming of how the unemployment numbers are reported so some of those stats dont really represent what they intended to originally. if interested, John Williams of shadowstats does a good job of compiling numbers old style.