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When a company replaces a $100,000 employee with $10,000 of compute and electricity, the tax base evaporates while government obligations remain. Then what? C
by mattyboomboom 10mo ago
When a company replaces a $100,000 employee with $10,000 of compute and electricity, the tax base evaporates while government obligations remain.
Then what?
Countries face a choice between raising taxes on remaining workers, innovating on how money is raised, or accepting they can’t fund existing services.
Disruption in the order encourages competition between countries for who will will enable innovation, and stimulate growth, and who manages decline
Plus about another 1500 words of chat about this theme
- techblueberry 10mo agoIf history is any indicator, Those workers will be replaced by higher productivity workers who increase the tax base.
- mattyboomboom 10mo agothe transition in the industrial revolution took about 80 years (3 generations give or take) and there was terrible destitution during that time you might be interested in this one: https://m4ttl4w.substack.com/p/ai-the-pendulum-swings-capital-vs-labour-leverage https://m4ttl4w.substack.com/p/ai-the-pendulum-swings-capita...