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by well_ackshually 12 days ago
Demand for law related things isn't elastic. In fact, in an increasingly unemployed, AI first future, work law is a dead end, contract law is a dead end, and there will not be "AI law" jobs created.

"Price go down means more demand" applied blindly is a an economic theory so absurdly shit that even the most apeshit libertarians like Ayn Rand know it isn't true. Don't make me defend Ayn Rand.
3 comments
patentatt 12 days ago
Labor law will be hit more by widespread use of robotics, but I can envision a much larger market for contract disputes and transactional law. Having AI in both sides doesn’t mean people won’t disagree about stuff.
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mr_toad 12 days ago
> Demand for law related things isn't elastic.

Of course it is. When someone is thinking of suing someone else the first thing that gives them pause is the potential legal costs.

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well_ackshually 12 days ago
Which hasn't changed, because the company you would have sued that was spending 200k on a lawyer is now spending 500k worth of tokens to spend the next consecutive 300 hours without sleep to find out that you took an unauthorised 5.1 minute shit on April 23 at 3PM by reviewing every single hour of camera footage and establishing a physical movement map of MAC addresses based on proximity to the WiFi relays they put every 10 meters.

You. Cannot. Win. Against. Capital.

And then you're going to sue, and realize that the system is so massively overloaded that the next available judge and jury are in 32 years. Also they're lobbying to replace those with AI judges where they entirely removed the concept of nuance.

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ethbr1 12 days ago
If AI eats law, then AI must also eat judgement (either judge or jury) for the bulk of cases.

Could see the future being AI arguments -> AI judgement -> appeal to human judge/jury

With the appeal to humans being expensive (human lawyers required?) or volume-barred in some manner.

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RandomLensman 12 days ago
What is an "AI first future"? Infinitely capable robots and AI? All current laws and regulations suddenly gone or changed?

Why would there be less demand for contract law or for privacy related law, for example? There is certainly some elasticity in law related things from my own experience.

Where have I applied elasticity blindly?

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