An important element of economics that this ignores: if the maximal substitution of human labor with generative machine learning is achieved… who is going to fucking buy or invest in anything? Wages enable consumption. Kill wages == kill consumption == kill your profit margin. Everything ultimately rolls back to the consumer in market economics.
An important element of economics that this ignores: if the maximal substitution of human labor with generative machine learning is achieved… who is going to fucking buy or invest in anything? Wages enable consumption. Kill wages == kill consumption == kill your profit margin. Everything ultimately rolls back to the consumer in market economics.
I get this sinking feeling that they are planning for the worst possible version of a post money world
Underclasses as feedstock for the AI farmers compost needs?
deleted by creator
I don’t think it ignores it, rather the argument is precisely that that maximal substition won’t and can’t happen.