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> with AI the hope is that the value created will be proportional to wages being removed […] if AI creates more value, it means that the large majority of peopl
by sshine 1y ago
> with AI the hope is that the value created will be proportional to wages being removed […] if AI creates more value, it means that the large majority of people will actually have less money, bar a few lucky ones
That’s one (not unreasonable) prediction of AI automation. Another is that it will empower the same people whose tasks are made redundant to create value somewhere else. In a way they have to, or they will perish. The sum of all value created does not have a fixed upper bound.
- OptionOfT 1y agoWeirdly enough I have the feeling here that companies don't want to do make more money with the same (retrained) people. They want to make more money with less people: https://www.theregister.com/2025/10/09/mckinsey_ai_monetization/ https://www.theregister.com/2025/10/09/mckinsey_ai_monetizat... > All of these copilots are supposed to make work more efficient with fewer people, but my business leaders are also saying they can't reduce head count yet.
- sshine 1y ago> companies don't want to do make more money with the same (retrained) people Right, a capitalist dream where the factory is fully automated and you can cut all labor cost. But we're not competing to become laborers at a fixed set of coal mines here. The service economy is significantly larger than industry; in the US, 77% of GDP. Worldwide, 60%. There's a limit to how many coffee shops you can have in any one area, but it's limited by purchasing power and not by natural resources that capitalists compete for monopoly over extraction. There is always something to do. (Also, I'm grossly overestimating people's willingness and ability to retrain.)