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What is obvious about that? What jobs are being created long term that can be filled by those displaced? To me it seems like even jobs that are not knowledge jo
by bradishungry 24d ago
What is obvious about that? What jobs are being created long term that can be filled by those displaced? To me it seems like even jobs that are not knowledge jobs are going to utilize ai to cut hiring, not grow it
- adam_arthur 23d agoWhen wages decline, cost of producing the service/good does down too. And when the costs go down, relative demand goes up. When relative demand goes up, the total labor needed expands. How many Uber rides would you take at $5 vs $20? How many times would you eat out at $10 vs $50? Would you pay for a house cleaner at $25/visit over $150/visit? A live in nurse at 50k/year vs 200k? The costs of all these things will decline materially when the labor pool expands meaningfully due to displacement. Technology has always been deflationary in the long run throughout history.