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by dofm
2 hours ago
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Tractors and looms displaced labour. Those people got other jobs. In many cases radically worse jobs for the first hundred years; living standards for those people dropped noticeably as they went into industrial mining and factory work. The pitch for AI is that it's affordable at the insane valuations because it replaces labour. It takes work out of the labour market entirely — fewer salaries means more money can be freed up that can go to the giant intelligence tap. Not just some sectors — really all non-manual work sectors at once. Isn't that what the e/acc guys were open about at the beginning? Learn AI or you won't have a job? Sam Altman was so open about this that he funded a UBI study. |
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source?