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by sdellis
10 days ago
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It's not so much a question of whether AI is strong or not. It's a question of whether the tradeoffs (theft of intellectual property, coal burning, lack of transparency, stealing water, rising energy prices, global surveillance, etc.) are worth the outcomes. It's not even a serious question. If AI was truly strong, we would be seeing signs in the job market. And we would certainly be seeing a lot more subscriptions and demand for these services. For most people, AI does not improve their lives. For a lot of them, especially younger people, it makes their lives much harder and sadder. |
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Recalling past business cycles, the job market can look "strong" with low unemployment, even while a lot of creative destruction is going on. Look at the 2004-2009 cycle, where the economy looked strong until some time in 2008 even though a lot of money was being wasted on bad projects.
It's only when the tide goes out that you see who's swimming without trunks. So unemployment doesn't typically rise until the recession part of the cycle.