Comment by autoexec
1 day ago
> And although you might need fewer human employees at one company to do the same amount of work with AI, this creates an enormous opportunity for small teams to start new companies and invent new technologies.
Yes, I'm sure all the wage slaves who are suddenly forced out of the labor market that was barely allowing them to scrape by paycheck to paycheck will suddenly start creating new businesses and become investors in new technology and not just become homeless leading to a massive increase in diseases/crimes of despair.
If (and it's a massive if) what passes for AI these days gets good enough to replace any substantial number of workers it will be a disaster.
The forced out wage slaves in your scenario would rather be homeless than at least trying to start a business? Sure not everyone will run a business but you must see the logic in AI enabling productivity gains leading to more businesses?
Not all new business will be good for humanity though. Modern ad tech is shit, but it is huge.
> The forced out wage slaves in your scenario would rather be homeless than at least trying to start a business?
It takes money to start a business. People who live paycheck to paycheck don't have money, and banks don't give loans to people who are poor and unemployed.