Comment by emsign
7 hours ago
This is horrible. AI industry is sucking the economy dry of resources and labor, making everything more expensive who is not an AI company.
7 hours ago
This is horrible. AI industry is sucking the economy dry of resources and labor, making everything more expensive who is not an AI company.
Things come to be only when there's demand for them. Nothing else makes the capitalist pay the worker or expand any business. AI providing the missing demand might be the thing that will push our infrastructure industries into XXI century. Because everywhere except China infrastructure seems to be stuck in the 70-ties of the previous one.
Things come to be only when the people with MONEY demand them. If you have no money your demand doesn't exist. A society this unequal serves only the rich (whether that's people or companies).
The 50-99% has twice the money of the 1%, and spends orders of magnitude more.
If you want to know what is in demand, look at what nice neighborhood suburbanites are doing.
Money is a mechanism for keeping tabs on how much the human civilization owes to any particular person or entity. It's imperfect, sure. But it's what we decided to go with. If you don't have money, society just decided (using its mechanisms) it pretty much owes you nothing. So your demands are disregarded.
2 replies →
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Are they? Or just creating a demand shock and a monopsony?
Amazon has hired so many journeymen electricians from our area that apprenticeship waiting lists have exploded. If you can assume that happens where the demand is being bought up, jobs could fail to emerge even if wages go up for existing experts.
In any case, the externalities like power and water draw or pollution rain down on the locals permanently, even if trades enjoyed a brief period of demand. It's not like a city emerging. It's a big warehouse that's pretty sparsely employed relative to its size.
> Amazon has hired so many journeymen electricians from our area that apprenticeship waiting lists have exploded. If you can assume that happens where the demand is being bought up, jobs could fail to emerge even if wages go up for existing experts.
If there is more sustained demand for electricians why on earth wouldn't more people become electricians?
Right now there's a supply crunch, but unless you think the US will keep building datacenters at this rate forever the problem will eventually go away.
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"Royal Executioner" is a job. "Bioweapon engineer" is a job. "Baby seal clubber" is a job. I could go on.