Comment by tonyedgecombe
5 months ago
That assumes the current high wages are here to stay. This seems unlikely if AI consumes most white collar jobs.
5 months ago
That assumes the current high wages are here to stay. This seems unlikely if AI consumes most white collar jobs.
Um, I expressly said that high wages wouldn't stay? If the choices are either being jobless and homeless, or doing some menial cotton-harvesting job while still being homeless, we got a slight social problem. The GP said that there's a lot of demand for menial labor. That demand only exists if you don't have to actually pay for said labor. In other words, it's not demand at all.