2 ms·
> This picture doesn't make sense. If most don't have any money to buy products, just invent some other money and start paying one of the other people who doesn
by tivert 2y ago
> This picture doesn't make sense. If most don't have any money to buy products, just invent some other money and start paying one of the other people who doesn't have any money to start making the products for you.
Ultimately, it all comes down to raw materials and similar resources, and all those will be claimed by people with lots of real money. Your "invented ... other money" will be useless to buy that fundamental stuff. At best, it will be useful for trading scrap and other junk among the unemployed.
> In reality, if there really is mass unemployment, AI driven automation will make consumables so cheap that anyone will be able to buy it.
No. Why would the people who own that automation want to waste their resources producing consumer goods for people with nothing to give them in return?
- whimsicalism 2y agoif people with AI use it to somehow enclose all raw resources, then yes - the picture i painted will be wrong
- whynotminot 2y agoEnclosing raw resources tends to be what powerful people do.
- astrange 2y ago"Raw resources" aren't that valuable economically because they aren't where most of the value is added in production. That's why having a lot of them tends to make your country poorer (https://en.wikipedia.org/wiki/Resource_curse https://en.wikipedia.org/wiki/Resource_curse).
- Jensson 2y agoToday educated humans are more valuable than anything else on earth, but AGI changes that. With cheap AGI raw resources and infrastructure will be the only two valuable things left.