3 ms·
> The pursuit of human-like capabilities, Brynjolfsson argued, has led to technologies that simply replace people with machines, driving down wages and exacerba
by gremlinsinc 4y ago
> The pursuit of human-like capabilities, Brynjolfsson argued, has led to technologies that simply replace people with machines, driving down wages and exacerbating inequality of wealth and income. It is, he wrote, “the single biggest explanation” for the rising concentration of wealth.
I think, assuming it doesn't kill us - the faster we get to an economy where only 5-10% of the people are employable, the faster we get to post scarcity, and MORE equality/egalitarianism (if accelerationism doesn't lead to the opposite outcome, walled cities for elites, wastelands for everybody else) ... but the transition... it's going to be bumpy/painful.
Part of me is worried, part of me says rip the bandaid off, let's get to UBI, and other programs --as people can't stay rich or get richer if nobody can buy products. What's the point of better productivity at Ford or GM if nobody is buying cars anymore?
The world of the next 20 years, is going to change as much as the change from before electricity to the 1920s when it was mainstream. We can't really stop it, even if we tried - other actors good/bad are going to be using AI, it's part of our lives now for better or worse.