3 ms·
> the belief that the amount of work is fixed. You would have to define work for this to be meaningful. Generally, demand for "work" is unlimited if the price
by yobbo 3y ago
> the belief that the amount of work is fixed.
You would have to define work for this to be meaningful. Generally, demand for "work" is unlimited if the price is zero, but demand falls to zero as price increases. Humans are willing to work for at least what buys them "bare necessities", food and maybe shelter (in a madmax-style world.)
In these discussions, it is suspected that AI will "underbid" larger groups of workers than in previous waves of automation.