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There’s a balance between capital and labor. During some periods labor is strong and you get unions, 40 hour workweeks and OSHA. During some periods capital is
by dougmwne 4y ago
There’s a balance between capital and labor. During some periods labor is strong and you get unions, 40 hour workweeks and OSHA. During some periods capital is strong and you get child labor and stoking the blast furnace in your underwear.
AI is part of the power of capital. If it effectively replaces large amounts of labor, you will see that balance shift to capital having most of the power in the world and labor having very little. There would still be jobs for most, just possibly very badly paid ones. There will always be a price where human labor is cheaper than AI labor, even if it’s a few cents an hour. If the price of labor goes down enough we will be like serfs again, doing backbreaking labor for the day’s bread.
So the simplest recommendation is to have capital, that way if the value of your labor crashes, you would still have a productive resource.
Or ya know, vote if you still have a democracy, and pick up the pitchfork if you don’t.
- deleted 4y ago[deleted]