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Basic economic education has failed an entire generation, if not more. If there is a surplus of labour, will that increase wages, or depress them? Doctors are
by KaiserPro 1mo ago
Basic economic education has failed an entire generation, if not more.
If there is a surplus of labour, will that increase wages, or depress them?
Doctors are only able to charge that much because there are so few of them. With AI, mean average wage of programmers will drop, because you don't need as many of them (thats the idea anyway)
So that person making downloads for minecraft, whats going to happen if there are 10x more people doing it? will their income overall go up, or down?