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Yep essentially that is my thinking! AI/ML just hyper-charges the ability of capital to produce with an ever shrinking amount of required labor. And in our free
by dangerwill 4y ago
Yep essentially that is my thinking! AI/ML just hyper-charges the ability of capital to produce with an ever shrinking amount of required labor. And in our free-market with no guard rails every uptick in unemployment leads to more misery.
- WillDaSilva 4y agoYup. I'll add that it's not just unemployment that hurts us (under our current economic systems), but also underemployment, as we see with the "gig economy". Some people will overly focus on the unemployment stats, and naively conclude that all's well despite many people not living up to their potential, and barely making ends meet.