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I guess the idea is that the people left working will be made so productive and wealthy thanks to the miracle of AI that they can more than make up the differen

I guess the idea is that the people left working will be made so productive and wealthy thanks to the miracle of AI that they can more than make up the difference with extravagant consumption.

isoprophlex 1y ago
I too plan to buy 100.000 liters of yogurt each day once AI has transported me into the socioeconomic strata of the 0.1%
- FeteCommuniste 1y ago
  My many robots will be busy building glorious mansions out of yogurt cups.
  - Terr_ 1y ago
    Or, as per a Love, Death, and Robots short film, the new superintelligence will be inextricable from yogurt...
darth_avocado 1y ago
If you want to see what that looks like, just look at the economy of India. Do we really want that?
- FeteCommuniste 1y ago
  Certainly not what I want, but it looks like we could be headed there. And the "industry leaders" seem cool with it, to judge by their politics.
  - eyesofgod 1y ago
    [flagged]
- munksbeer 1y ago
  The economy of India is trending in the opposite direction to this narrative. More and more people lifted out of poverty as they modernise.
  - darth_avocado 1y ago
    The comment wasn’t on the trend or where things are going and the historical progress the country has made. The comment was on the current state of the economy. The fact that wealth concentration creates its own unique challenges. If as many people were unemployed and in poverty (or in the low income bracket) in the US or any other developed nation, the living conditions would have been drastically deteriorated. The consumer market would have shrunk to the point where most people couldn’t afford to buy chips and soda.
    - munksbeer 1y ago
      The point is, I don't see that happening. The reverse is happening in the world. The percentage of people in poverty globally is decreasing each year. I still fail to see why people think we're going to innovate ourselves into global poverty, it makes no sense.
      - darth_avocado 1y ago
        Poverty is decreasing because innovation is creating more jobs. Everything hinges on the fact that people can earn a living and spend their money to generate more jobs. If AI replaces those jobs you’re going the other way.
        const_cast 1y ago
        Right, every economic system we've thought up relies on the assumption that everyone works. Or, close to everyone. Capitalism is just as much about consumption as it is production.
        SpicyLemonZest 1y ago
- JKCalhoun 1y ago
  I'd been thinking modern day Russia, but I admit to being ignorant of a lot of countries outside the U.S.
al_borland 1y ago
A single rich person can only much door dash. Scaling a customer base needs to be done horizontally.

I guess the idea is that the people left working will be made so productive and wealthy thanks to the miracle of AI that they can more than make up the difference with extravagant consumption.

isoprophlex 1y ago

I too plan to buy 100.000 liters of yogurt each day once AI has transported me into the socioeconomic strata of the 0.1%

FeteCommuniste 1y ago
My many robots will be busy building glorious mansions out of yogurt cups.
- Terr_ 1y ago
  Or, as per a Love, Death, and Robots short film, the new superintelligence will be inextricable from yogurt...

darth_avocado 1y ago

If you want to see what that looks like, just look at the economy of India. Do we really want that?

FeteCommuniste 1y ago
Certainly not what I want, but it looks like we could be headed there. And the "industry leaders" seem cool with it, to judge by their politics.
- eyesofgod 1y ago
  [flagged]
munksbeer 1y ago
The economy of India is trending in the opposite direction to this narrative. More and more people lifted out of poverty as they modernise.
- darth_avocado 1y ago
  The comment wasn’t on the trend or where things are going and the historical progress the country has made. The comment was on the current state of the economy. The fact that wealth concentration creates its own unique challenges. If as many people were unemployed and in poverty (or in the low income bracket) in the US or any other developed nation, the living conditions would have been drastically deteriorated. The consumer market would have shrunk to the point where most people couldn’t afford to buy chips and soda.
  - munksbeer 1y ago
    The point is, I don't see that happening. The reverse is happening in the world. The percentage of people in poverty globally is decreasing each year. I still fail to see why people think we're going to innovate ourselves into global poverty, it makes no sense.
    - darth_avocado 1y ago
      Poverty is decreasing because innovation is creating more jobs. Everything hinges on the fact that people can earn a living and spend their money to generate more jobs. If AI replaces those jobs you’re going the other way.
      - const_cast 1y ago
        Right, every economic system we've thought up relies on the assumption that everyone works. Or, close to everyone. Capitalism is just as much about consumption as it is production.
        SpicyLemonZest 1y ago
JKCalhoun 1y ago
I'd been thinking modern day Russia, but I admit to being ignorant of a lot of countries outside the U.S.

al_borland 1y ago

A single rich person can only much door dash. Scaling a customer base needs to be done horizontally.