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The thing is that if AI matches the hype around it, there won't be any more jobs left. The economy depends on the middle class working, earning a living, buying
by elforce002 4y ago
The thing is that if AI matches the hype around it, there won't be any more jobs left. The economy depends on the middle class working, earning a living, buying things. The government collect taxes from businesses and its citizens. At risk and low-income people depend on the government to assist them with basic things.
If AI destroys the middle class, then the whole system collapses. No middle class = no spending = less businesses = more low-income and at risk people, and the cycle continues.
We'll basically create a neofeudalist society where the rich will control everything and the people will work for them (food, housing, etc...).
It seems crazy, etc... but not improbable. I'm not a conspiracy person, but I can't stop thinking about this: These advancements align with "You'll own nothing, and you'll be happy" sentence from the WEF.
- AmericanChopper 4y agoYes I’m sure AI will be the very first technology to match its own hype. The technology that destroys the middle class has finally arrived. The days of falsely prophesying that a technology is about to destroy the middle class are over.
- elforce002 4y agoC'mon man. It's not that far fetched. I'm not saying that this will happen tomorrow but if ai gets "there", we don't want to see desperation on a global scale.
- AmericanChopper 4y agoThe idea that technological innovation is going to destroy the middle class isn’t exactly far fetched, it’s more just blatantly stupid. No economy has ever destroyed its middle class through technological innovation. This will never happen. Technological innovation is one of the primary factors that led to the rise of the middle class to begin with…
- elforce002 4y agoWe have 2 scenarios here: - AI will create more jobs (group 1); - AI will destroy the middle class (group 3). This is not trial and error. These are people's lives we're talking about. Families, children, etc... Let's hope this innovation won't cause any bad scenario to occur.
- medvezhenok 4y agoAI destroying the middle class will always be a political choice (i.e. the powerful have chosen some sort of hyper-extractive techno-feudalism). You could always tax the AI and redistribute the money back to the people affected. What does have to be changed with the rise of AI is the tax laws. We basically should treat it the same as if an adversary was dumping product under cost (i.e. tax AI "work") and subsidize human workers; basically run a version of protectionism against AI - if we want human work in this post-AGI world to be viable.
- AmericanChopper 4y agoGood luck amending the constitution to allow taxing speech. What a terrible idea.