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I don't understand. If AI replaces jobs by being a "cheaper" alternative, wouldn't it deliver the same productivity metrics while saving costs? This is insanely
by MinimalAction 1y ago
I don't understand. If AI replaces jobs by being a "cheaper" alternative, wouldn't it deliver the same productivity metrics while saving costs? This is insanely simplified, I know, but the premise holds, I feel.
- _diyar 1y agoEconomy grows from increased labor and capital investment. If AI is a "cheaper" alternative, ie. is more efficient with respect to capital, it needs less labor for the same output. But now think about how most of the population can afford their lifestyle, ie. buying stuff from S&P 500 companies: selling their time as labor.
- deleted 1y ago[deleted]