4 ms·

I'm a bit worried about the social impacts. When a sector collapses and become irrelevant, all its workers no longer need to be employed. Some will no longer h

I'm a bit worried about the social impacts. When a sector collapses and become irrelevant, all its workers no longer need to be employed. Some will no longer have any useful qualifications and won't be able to find another job. They will have to go back to training and find a different activity. It's fine if it's an isolated event. Much worse when the event is repeated in many sectors almost simultaneously.

twoodfin 1y ago
As others in this thread have pointed out, this is basically what happened in the relatively short period of 1995 to 2015 with the rise of global wireless internet telecommunications & software platforms. Many, many industries and jobs transformed or were relegated to much smaller niches. Overall it was great.
- saturn8601 1y ago
  Man 1995, what a world that was. Seemed like a lot less stress.
9rx 1y ago
> They will have to go back to training Why? When we've seen a sector collapse, the new jobs that rush in to fill the void are new, never seen before, and thus don't have training. You just jump in and figure things out along the way like everyone else. The problem, though, is that people usually seek out jobs that they like. When that collapses they are left reeling and aren't apt to want to embrace something new. That mental hurdle is hard to overcome.
- throwaway35364 1y ago
  What if no jobs, or fewer jobs than before, rush in to fill the void this time? You only need so many prompt engineers when each one can replace hundreds of traditional workers.
  - 9rx 1y ago
    > What if no jobs, or fewer jobs than before, rush in to fill the void this time? That means either: 1. The capitalists failed to redeploy capital after the collapse. 2. We entered into some kind of post-capitalism future. To explore further, which one are you imagining?
    - saturn8601 1y ago
      The capitalists are failing to redeploy capital today. Thats why they have been dumping it into assets for years. They have too much capital and dwindling things they can do with it. AI will skyrocket their capital reserves. There is a poor mechanism for equalizing this since the Nixon years.
      - 9rx 1y ago
        > They have too much capital and dwindling things they can do with it. Yes, we've had full employment for a long, long time. But the idea here is that AI will free up labor that is currently occupied doing something else. If you are trying to say it will fail to do that, that may be true, but if so this discussion is moot.
paulsutter 1y ago
Good thing that we have AI tools that are tireless teachers

twoodfin 1y ago

As others in this thread have pointed out, this is basically what happened in the relatively short period of 1995 to 2015 with the rise of global wireless internet telecommunications & software platforms. Many, many industries and jobs transformed or were relegated to much smaller niches. Overall it was great.

saturn8601 1y ago
Man 1995, what a world that was. Seemed like a lot less stress.

9rx 1y ago

> They will have to go back to training Why? When we've seen a sector collapse, the new jobs that rush in to fill the void are new, never seen before, and thus don't have training. You just jump in and figure things out along the way like everyone else. The problem, though, is that people usually seek out jobs that they like. When that collapses they are left reeling and aren't apt to want to embrace something new. That mental hurdle is hard to overcome.

throwaway35364 1y ago
What if no jobs, or fewer jobs than before, rush in to fill the void this time? You only need so many prompt engineers when each one can replace hundreds of traditional workers.
- 9rx 1y ago
  > What if no jobs, or fewer jobs than before, rush in to fill the void this time? That means either: 1. The capitalists failed to redeploy capital after the collapse. 2. We entered into some kind of post-capitalism future. To explore further, which one are you imagining?
  - saturn8601 1y ago
    The capitalists are failing to redeploy capital today. Thats why they have been dumping it into assets for years. They have too much capital and dwindling things they can do with it. AI will skyrocket their capital reserves. There is a poor mechanism for equalizing this since the Nixon years.
    - 9rx 1y ago
      > They have too much capital and dwindling things they can do with it. Yes, we've had full employment for a long, long time. But the idea here is that AI will free up labor that is currently occupied doing something else. If you are trying to say it will fail to do that, that may be true, but if so this discussion is moot.

paulsutter 1y ago

Good thing that we have AI tools that are tireless teachers