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Cost of products made solely by machines will approach zero. If machines take all the jobs, humans will live like aristocrats. Imagine telling farmers 200 years
by kajumix 4y ago
Cost of products made solely by machines will approach zero. If machines take all the jobs, humans will live like aristocrats. Imagine telling farmers 200 years ago, that 95% of the humanity won't be farming at some point. Imagine them making bets similar to yours.
- Riverheart 4y agoThat’s not going to happen overnight. Producers will keep the price the same for a higher profit margins because other things in life still require money.
- kiviuq 4y ago> Cost of products made solely by machines will approach zero. This is going to end capitalism.
- markus_zhang 4y agoMoney is just a game coin. The aristocracies need it because they need someone to provide services to them. By creating that bond an economic and currency system has to be created as well. But once they don't need people to provide services, well, they can remove that system too. That pretty much means the end of everything for ordinary people and the beginning of the "Lord of light". That also means that humans probably won't be able to go through the great filter -- yes I believe it is not a scientific filter, but a social one.
- noogle 4y agoLabor is not the only requirement for production. Resources will become the limiting factor, and their price will rise above what non-AI-owning people will be able to afford. So back to square one of scarcity.