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Yes, technology enhancements (which are not “AI”) have increased productivity, allowing less people to create more value. Where is the widespread unemployment?
by seibelj 7y ago
Yes, technology enhancements (which are not “AI”) have increased productivity, allowing less people to create more value. Where is the widespread unemployment?
- iso947 7y agoThe fear is, like the agricultural and industrial revolutions, that change will suddenly spring forward at a rate that society can’t adapt fast enough. And people are unemployed, or worse they are employed but at a rate they can’t afford to live, so are one of the tens of thousands of homeless in LA alone. They work 18 hours a day 7 days a week, so are dangerous as they drive to their third job at 3 in the morning which causes a crash which means massive traffic problems all day. Even if you are a cold blooded Victorian thetr are benefits to keeping your customers alive and with enough free time to buy the crap you peddle.
- ZhuanXia 7y agoThere is a notion in economics of complements and replacements. The plow was a complement to horse labour, while the gas engine was a replacement. The former increased demand for horses while the latter basicly eliminated it. If we truly had human-level AI, labour models predict human wages would decline below subsistence. However, applying these labour models in a regime where we have AGI makes little sense, as all that will matter for human welfare is the objective functions of the AIs.
- seibelj 7y agoThis is operating under the assumption that AGI is going to happen anytime soon. It may never happen. All of these studies and worries are intellectual masturbation.