4 ms·

How many of these top 10% of households will have their breadwinners be replaced with AI? The LLM boom is aimed at them, professionals, knowledge workers, not a

How many of these top 10% of households will have their breadwinners be replaced with AI? The LLM boom is aimed at them, professionals, knowledge workers, not at landscapers and plumbers.

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dalyons 5mo ago
90% of the 10% will be doomed. The remainder, the 1% overall lives off capital not labor, they’ll be fine.
- 33MHz-i486 5mo ago
  that is incorrect, the 0.1% (>50m) live purely off capital. the 1% are still mostly highly paid specialized labor and despite high savings their capital would not sustain their lifestyle outside a brief retirement.
  - daemonologist 5mo ago
    In the US, 99th percentile household wealth is ~$14M, which at historical rates of return is enough to live opulently indefinitely. (Of course although we're discussing a scenario where capital holds most of the cards, who knows if those returns would be dependable.)
    - 33MHz-i486 5mo ago
      if you dig into whats actual safe to distribute after inflation and taxes, or conservative FIRE mid-life recommendations, its around 1-2% of principal per year . From 14m, 10-20k/month, about the budget of the white collar household in a major metro. Which is nice but hardly opulent. Rent, healthcare, and kids (or some expensive hobbies) eat that up in hurry.
      - jp_sc 5mo ago
        Yes, but it’s 20k and all the time in the world.
      - confidantlake 5mo ago
        20k a month being the budget of a white-collar household? We obviously live in very different worlds.
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palmotea 5mo ago
>>> I guess if global population drops by 80-90℅ you suddenly get a "sustainable" economy, as everything is repriced the economy of scale needs a much smaller scale. > How many of these top 10% of households will have their breadwinners be replaced with AI? The LLM boom is aimed at them, professionals, knowledge workers, not at landscapers and plumbers. The point of AI is to make inequality even more extreme. A well-off worker is still a worker, and it's the dream of every capitalist to not have to pay any of them a dime. For supposedly smart people, software engineers are really dumb. We should have unionized a decade ago, at the height of our power. Instead too many of us inhaled libertarian propaganda and identified with our bosses instead of our own class.

How many of these top 10% of households will have their breadwinners be replaced with AI? The LLM boom is aimed at them, professionals, knowledge workers, not at landscapers and plumbers.

deleted 5mo ago

[deleted]

dalyons 5mo ago

90% of the 10% will be doomed. The remainder, the 1% overall lives off capital not labor, they’ll be fine.

33MHz-i486 5mo ago
that is incorrect, the 0.1% (>50m) live purely off capital. the 1% are still mostly highly paid specialized labor and despite high savings their capital would not sustain their lifestyle outside a brief retirement.
- daemonologist 5mo ago
  In the US, 99th percentile household wealth is ~$14M, which at historical rates of return is enough to live opulently indefinitely. (Of course although we're discussing a scenario where capital holds most of the cards, who knows if those returns would be dependable.)
  - 33MHz-i486 5mo ago
    if you dig into whats actual safe to distribute after inflation and taxes, or conservative FIRE mid-life recommendations, its around 1-2% of principal per year . From 14m, 10-20k/month, about the budget of the white collar household in a major metro. Which is nice but hardly opulent. Rent, healthcare, and kids (or some expensive hobbies) eat that up in hurry.
    - jp_sc 5mo ago
      Yes, but it’s 20k and all the time in the world.
    - confidantlake 5mo ago
      20k a month being the budget of a white-collar household? We obviously live in very different worlds.
      - deleted 5mo ago
        [deleted]
      - deleted 5mo ago
        [deleted]

palmotea 5mo ago

>>> I guess if global population drops by 80-90℅ you suddenly get a "sustainable" economy, as everything is repriced the economy of scale needs a much smaller scale. > How many of these top 10% of households will have their breadwinners be replaced with AI? The LLM boom is aimed at them, professionals, knowledge workers, not at landscapers and plumbers. The point of AI is to make inequality even more extreme. A well-off worker is still a worker, and it's the dream of every capitalist to not have to pay any of them a dime. For supposedly smart people, software engineers are really dumb. We should have unionized a decade ago, at the height of our power. Instead too many of us inhaled libertarian propaganda and identified with our bosses instead of our own class.