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Another point to acknowledge is that this job elimination, even if it temporarily boosts corporate profits, is not going to be good for the economy, nor going t
by HarHarVeryFunny 2y ago
Another point to acknowledge is that this job elimination, even if it temporarily boosts corporate profits, is not going to be good for the economy, nor going to boost GDP.
Cheap AI labor will depress wages and therefore reduce consumer demand. This is not a recipe for GDP growth or a vibrant economy anymore than outsourcing to reduce labor costs has been.
The people trying to sell AI as good for the economy will no doubt tell you that companies don't want to reduce your salary or lay you off - that they will be happy to keep payroll the same, or increase it (increased consumer spending = GDP growth!) by employing you as a highly paid AI whisperer. Yeah, no, companies are looking to reduce payroll.