Comment by heathrow83829
6 hours ago
The argument that AI guys are making about the coming mass unemployment goes like this: those companies that are spending on AI rather than humans may have a huge competitive advantage that allows them to take marketshare from human run companies and thus there's less and less demand for human labor.
But, how many businesses/sectors of the economy actually need to compete for marketshare? we assume it's nearly all of them. if that were the case, we'd see AI taking over much quicker.
I am very skeptical of the argument that companies are competing with each other on market share. There is arguably a lot more competition between AI companies than in most of the sectors of our economy.
Without human labor, there’s no human economics. Without human economics, there is no market. So jokes on them.
But there are materials and power, something which is more fundamental than the market.
who's going to get the materials? Robots?
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As long as the handful trillionaires own everything by the end of the game, what does it matter to them?