Comment by joe_the_user
7 hours ago
Do we see a society where the market will value humans over AI without, like, any specific thing impelling the market to do that?
I mean, a combination of political and economic factors from 1930s to 1960s forced the wealthy to return a portion of the returns of automation to the remaining working people. Then from the late 70's till now, those in power have clawed back all those gains.
Of course, any further gains from automation will go to the very wealthy unless things change.
> I mean, a combination of political and economic factors from 1930s to 1960s forced the wealthy to return a portion of the returns of automation to the remaining working people.
The credible threat of communist revolutions put the fear of god into the capitalist elites. So they had to share a larger share of wealth with workers, beyond mere subsistence wages, to keep them peaceful. With the downfall of USSR, communist revolutions stopped being a credible threat, and elites clawed back productivity gains, pushing workers toward subsistence wages again.