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If AI displaces human workers faster than the economy can reabsorb them, it risks eroding the very consumer demand firms depend on. That is a huge "if" though.
by paulpauper 7mo ago
If AI displaces human workers faster than the economy can reabsorb them, it risks eroding
the very consumer demand firms depend on.
That is a huge "if" though. I am not sure either that the latter falls from this. When the US transitioned away from assembly lines or agriculture dominated, it's not as if consumer spending consequently collapsed.
- whazor 7mo agoEspecially also since AI providers are struggling with scaling up.
- thephyber 7mo agoWhen did the US transition away from agriculture? When did the US transition away from assembly lines? I don’t think you have thought through either one of these and I don’t think they are comparable to what we expect to see for AI’s changes to the job market.
- paulpauper 7mo agohere is the data. Farming as a percentage of the labor force fell considerably https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidUxnyIaNJ2HEmVZxxfM2FGOI040t2dpGdvK8c5kGRZUzieSdUxrMxmIl7b5n7Dn-QyUt7f8Ve-ToOYBN49f47rUkNBuGM1x60EbYpdmw1fYV3Rxne41-6RTg4QyoKW-_m6nS0/s1600/farmjobs.jpg https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi...