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I do think you’re missing something, though. In a healthy competitive market (like most of the history of the US, maybe not the last 30-40 years), if all of th
by californical 1y ago
I do think you’re missing something, though.
In a healthy competitive market (like most of the history of the US, maybe not the last 30-40 years), if all of the farms do that, it drives down the cost of the food. The reduction in labor necessary to produce the food causes competition and brings down the cost to produce the food.
That still doesn’t directly benefit the farmhands. But if it happens gradually throughout the entire economy, it creates abundance that benefits everybody. The farmhand doesn’t benefit from their own increase in productivity, but they benefit from everyone else’s.
And those unemployed farmhands likely don’t stay unemployed - maybe farms are able to expand and grow more, now that there is more labor available. Maybe they even go into food processing. It’s not obvious at the time, though.
In tech, we currently have like 6-10 mega companies, and a bunch of little ones. I think creating an environment that allows many more medium-sized companies and allowing them to compete heavily will ease away any risk of job loss. Same applies to a bunch of fields other than tech. The US companies are far too consolidated.
- bluefirebrand 1y ago> I think creating an environment that allows many more medium-sized companies and allowing them to compete heavily will ease away any risk of job loss. Same applies to a bunch of fields other than tech. The US companies are far too consolidated How do we achieve this environment? It's not through AI, that is still the same problem. The AI companies will be the 6-10 mega companies and anyone relying on AI will still be small fry Every time in my lifetime that we have had a huge jump in technological progress, all we've seen is that the rich get richer and the poor get poorer and the gap gets bigger You even call this out explicitly: "most of the history of the US, maybe not the last 30-40 years" Do we have any realistic reason to assume the trend of the last 30-40 years will change course at this point?