[dd8601fn]

I'm still trying to make sense of it.

Every tool increases efficiency at the expense of labor, but when it was the power loom and sewing machine the unemployed seamstresses and weavers couldn't afford to buy one.

This time everyone gets a power loom, though. So... what happens to the value of woven goods? And if we apply this to all modern knowledge work, what happens to the overall economy?

[drzaiusx11]

I'd argue that the cost of today's "loom" is less affordable than ever before. Billions of dollars to build a new frontier model from scratch. We're just taking turns playing on someone else's loom.

[eudamoniac]

AI still can't cook me food, so I guess we become a purely service economy.