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In my humble opinion, money is a distraction most of the time when trying to understand economic matters. Instead it's better to take opposite view: looking at
by im3w1l 8mo ago
In my humble opinion, money is a distraction most of the time when trying to understand economic matters. Instead it's better to take opposite view: looking at the flow of goods and services.
AI will allow higher production of goods and services. If producing goods and services becomes cheap enough (and it's looking like it will become dirt cheap), then it will not take much redistribution for it to reach the masses.
I think the true crisis will be one of purpose. That we live meaningless lives of leisurely abundance.
- pastel8739 8mo ago> and it's looking like it will become dirt cheap Why do you say this? How does AI helping us lower prices of goods?
- NetMageSCW 8mo agoThe same way lesser automation has reduced the price of goods. By allowing an increase in the scope of automation, AI will decrease the costs of goods. Someday.