Imagine this scenario:
- All companies start producing mostly using only AI and firing people, because people have no use anymore
- Joe spend most of his income on digital video games products
- Joe get fired because he got replaced by AI now, since AIs are taking over most jobs
- Joe has no income anymore
- Joe doesn’t have any more money to spend on video games
- Companies have no more profit, because people don’t have income, so people can’t spend on their AI produced products
In this scenario both lose, the company adopting AI and the worker. Am I missing something? Is there any possibility besides Universal Basic Income to keep the system running and not collapsing?
Abolition of money
That is a problem for the next quarter’s CEO to deal with
Joe doesn’t have any more money to spend on video games
Companies have no more profit, because people don’t have income, so people can’t spend on their AI produced productsFunny thing, a Scottish fellow named Adam Smith figured that an economy where people don’t have money to spend ends up stagnated and/or fucked over. Somewhat ironically, that is the piece that is most often overlooked by today’s liberal economists (the kinds that are in favor or less regulation and taxes)
Most rich assholes like the idea of lording over a bunch of dirty peasants, of feeling superior to the unwashed masses, having them offer themselves into slavery out of “free will”
thats why AI scheme is peddling to all different countries government, under the guise of verification, age, and CAMERA surveillance tech, they see them as the only source of income.
On top of that who’s gonna keep creating the real data necessary to keep training the AI models if no one can profit from their work anymore.
It’s an ouroborous situation.
as long as they keep peddling new AI startups, they can keep it going a little longer. if you live near a convention center, you know almost every event is AI (this or that)now
hint: they won’t. a flooded labor pool means the corps can pay as little as possible for the labor they do need humans for. it’s the whole point of capitalism. for a neat story about it, read “The Jungle” by Upton Sinclair.
The economy will shift to serve a smaller number of people.
The people who lose their income will fall into poverty, existing on charity, begging, or scrounging, or they will die. (They will nearly all die sooner than they would have if they had maintained their income)
The CEOS and shareholders might understand this, but none of them can solve it alone, and trying to do so puts them at a disadvantage vrs their competitors.
The productive capacity will go toward ever more elaborate and esoteric projects, like Bezos wedding, or sending Musk to Mars, or building the biggest superyact, again.
And the majority will suffer.
bezos barely FUNCTIONing B.O. company for space tourism.
I suspect you left out a step: many will start going after people who DO have money before just dying.
Who, by then, will be surrounded by ai-powered armed drones and robots.
They will, and I suspect some will succeed because the billionaires do not realize the danger of the truly desperate, and even if they do, they will cheap out on security.
I believe the French got there once and they managed to solve the issue
I really wouldn’t want to get to that point and I honestly don’t really understand why the rich class just continues this course because I do believe it’s playing with fire at this point
They won’t. AI can’t be used for anything remotely important because it is only superhuman at being broadly applicable or fast and terrible, but crap compared to any narrowly applied human intelligence. It’s already brutally expensive to train, has nowhere near enough new data to add to the training sets to see any improvement, and is about to get way, way more expensive for the users.
Now, if you want to imagine a fake world where we have achieved cheap AGI, expect violence. A cheap AGI would eliminate jobs as fast as robots could be built. In any society where the unemployment rate gets high enough without a sufficient social safety net, which those who own the robots would have to be taxed for, people get desperate, and desperate people with no work to eat up their time and energy get active, and eventually violent.
alot of CHATBOTS ARE AI, and they are less than helpful in customer services, its just to annoy the cusotmers til they give up complaining to an actual CS person. too much assumptions and summarization(ignoring all opinions an biases that some of the sources are) of what you want from searches, or whatever you want to do.
It’ll just be a corprate circle jerk of companies paying each other for “products and services”. People will work for food an be shelter, provided by the company you work for. I believe the kids are calling it “techno-feudalism”.
I don’t think the ai and data centres are for us.
The billionaires who want to survive this upcoming apocalypse need ai to be functional in order to survive in their bunkers.
Everyone else till then is basically free labour, training material and collateral.
other than maybe SOROS, mackenzie scott, and cuban. the other billionaires are the first target.
I look forward to reading about you in the news cycle. Go now while you’re still motivated.
Now that’s a username!
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Ideal : Universal Basic Income where everybody receives a set amount to live on, and if you can find a job on top of that then good for you.
Probable : 2 tier society where the poors are left to fend for themselves in increasingly feral ghettos
Almost certain : WW3. Kill off lots and lots and lots of poors. You see how many people were killed at an industrial scale in WW2. That’ll be nothing.
They actually want to depopulate the Earth, as we are a serious threat to them, both to the ecosystem that they need to survive, their own survival, and all the resources they want to drain dry. It will be just a few million or less elites, trading robot labor with each other.
they wont survive long in thier bunkers, if they cant PAY thier “slaves”, robots is too far in the future to be super useful as MAIDS, or construction workers. they are just hoping the manosphere propaganda, conservatism is enough to stave off thier PURGE, and peter thiels obsessive SURVEILLANCE to watch any “radicals”
No one knows. Not a single person kn Earth
K shaped economy. They don’t care if we can afford anything. Its Versailles. The peasants starve while the aristocrats move the “economy”.
In the end, the owners have access to the resources, can get labor or whatever for cheap, and can live in control and luxury even without selling much or anything, while trading amongst themselves.
They don’t have a need or use to produce for the parents anymore. It only makes sense for as long as they have gain.
Owners may incite conflict and war to gain more control. The peasants will join for a lack of better knowledge, access, or alternatives.
We’re back in the middle ages.
People rise up and destroy or regulate the destructive forces, and establish a more sustainable system - maybe.
