Comment by leosanchez
8 days ago
> Sure for rich people it's an absolute delight to see that they can now produce code without having to pay people, increase margins like never before ... But then what ?
But if consumer spending decreases, the companies rich people own also would face the heat, right? Especially if they are not computing adjacent. Am I missing anything?
No, you're not.
If consumer spending decreases, everything goes down. For example if you take ads shown on blog post, news media.. What happens tomorrow once human traffic decrease, and it's mostly crawlers.. How can those website still keep up ? Crawlers don't click ads.
Either rich people are just trying to surf the wave of AI and we've got to endure this for a few years. Or if it's not a wave, it could deeply change our society, beyond everything we've seen.