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> It is being built by large capital-rich firms with the explicit goal of automating away the middle class, after they've finished automating away the poor Any
by XorNot 4y ago
> It is being built by large capital-rich firms with the explicit goal of automating away the middle class, after they've finished automating away the poor
Any executive imagining that their AI will enrich them is being very optimistic. AIs are going to be better at knowledge work, management and information processing then any human...all jobs which normally are fulfilled by those executives.
The race to the bottom will mean the first company to ditch the C-suite and then the middle managers will be out next. And worker-collectives with AI management will outmaneuver any company which is paying inefficient human ownership: after all, if you have spare cash, that means you can either hire more workers, pay workers more while that increases productivity, or cut prices on your products.
Every dollar spent on management or ownership is dollars not optimizing economic success.
AI is going to wipe out the management class first, and the executive class next. Blue-collar workers are going to be fine for a very long time.
- checkyoursudo 4y agoAI will also figure out a way to cut out the investor class, since investors are a waste of resources that the AI could otherwise use to increase its domain. In fact, AI-investors might take over even before AI-CEOs do.
- kmeisthax 4y agoWe already have robo-advisors. And passive index investing is already known to provide the best returns long-term. No neural networks needed.
- tivert 4y ago> The race to the bottom will mean the first company to ditch the C-suite and then the middle managers will be out next. And worker-collectives with AI management will outmaneuver any company which is paying inefficient human ownership That's a fantasy. The AI will be an agent of ownership, which will not be cut out. Serving the owners is the whole point of the enterprise!
- jiriknesl 4y agoHow exactly is this process supposed to happen? You have decision makers in organizations who aren't going to fire themselves. So existing companies' leaders aren't going anywhere. So if you are right, and if AI should replace CXOs and managers, workers will have to start co-ops and outcompete existing companies first. How are they going to do it? In tech, you could potentially start cheap, but how are they going to raise money for capital intensive businesses like automotive companies? Also, is technical ability of AI to pass MBA exam enough to be a good entrepreneur? Will it be putting not performing employees on PIPs, cut jobs when needed, actively increase sales quotas, etc.?