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And then when 1T worth of workers are laid off, who is going to buy the stuff that the companies who laid them off make?
by psunavy03 11mo ago
And then when 1T worth of workers are laid off, who is going to buy the stuff that the companies who laid them off make?
- vlovich123 11mo agoI am in no way making a value statement of whether this is good or bad. Just analyzing the opportunity.
- brazukadev 11mo agoThat was not a question of good and bad. There's no point in optimizing production if there's no demand for products. Then most businesses would go bankrupt and we would get into a huge recession until things get to a balance again, something worse than 1929
- vlovich123 11mo agoMaybe maybe not. If AI is really taking over, that means the goods are also getting cheaper. It’s too difficult to prognosticate on the impact this has on human labor and society and the economy writ large