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> If A.I. starts to replace jobs en masse But then nobody will have money to buy anything anymore, then nobody will have money to pay the AI companies, and the
by zombot 1mo ago
> If A.I. starts to replace jobs en masse
But then nobody will have money to buy anything anymore, then nobody will have money to pay the AI companies, and then they won't have any money. The jobless will starve to death and then those who have their food made by robots will reign over an empty world where money has become meaningless. LLMs and robots don't eat money, they eat electricity.
- snovv_crash 1mo agoPaperclippers but in slow motion with the economy in the loop.
- RivieraKid 1mo agoIf you really simplify how this works: Owners of capital use the capital in combination with workers to produces goods and services. They give half of the production to the workers and keep the other half. If AI replaces workers, the owners of capital will simply keep all of the production to themselves. So they would be better off. If I have a construction company, I could just lay off the workers and distribute the surplus houses to myself and other owners. There are nuances to this of course, but this is a point that most people miss.
- OccamsMirror 1mo agoWith that many people out of work, you may struggle to hold on to that capital.
- marmarama 1mo agoThat's where the fully automated weapons systems come in. Robotics and AI give the megalomaniacs of the world both a reason and the means to kill everyone with impunity. The rest of the 21st century is going to be really messed up.
- zombot 1mo agoIf it's all robots and LLMs, then it will be the LLM provider and the robot provider who owns these things. Should you be of a different opinion, good luck in court when the judicial LLM is run by the same company you want to sue. If LLMs and robots produce all things, what would anyone still need you for?
- RivieraKid 1mo agoThat assumes monopoly status of the AI companies and no regulation. No one would need me in the hypothetical case where I own a construction company. I would just own the company and collect profits.
- hn_submit 1mo agoI had the same thought, but this is more or less how things stood at the end of the 19th century: most of the wealth was accumulated by the ruling class whilst the majority of workers were at the poverty line. If we don't tax these A.I. Moguls these times will return.