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On this note, even if LLMs or "AGI" make businesses more profitable by improving margins and allowing them to cut labor costs, you eventually have to balance it
by kevingadd 1y ago
On this note, even if LLMs or "AGI" make businesses more profitable by improving margins and allowing them to cut labor costs, you eventually have to balance it out somehow - all those people who've lost jobs are competing for a smaller number of available jobs, and the people who can't find jobs will either need to be supported by taxpayer dollars or die in poverty.
People talk about UBI as a solution for this but the money for UBI has to come from somewhere. Are corporations going to voluntarily pay a new tax to support UBI?
- nradov 1y agoIt's not a zero sum labor market. Some jobs are being destroyed but others are being created. The new AI data centers will require a huge amount of electrical power and someone needs to build that infrastructure.