For the back half of the 20th century (what Fortune founder Henry Luce called “The American Century”), MBA and law degree programs were a ticket to a great office job and a path to the American Dream. The 21st century is asking the question: What happens when all those office jobs get automated?..
so thats when the bubble will pop.
Oh it’s like fusion. AGI in 18 months, and in 18 months it’ll be another 18 months, and in another 18 months it’ll be yet another 18 months, and in 50 years it’ll be in 18 months.
By some of the original estimates we’re supposed to all be dead due to a nuclear war genetically engineered virus released by an AI by now. But nope, were all still here, the lying bastards.
He has just given himself an eighteen month deadline to succeed or lose his own job. At least, that’s how I’d interpret it if I was in a position to fire his ass.
I would just fire him now for being obviously incompetent. How can someone competent make such an unrealistic prediction?
Remember 18 months ago when all programmers and software engineers were going to be replaced… Still waiting…
Translation: Dear investors, please keep supplying truck-loads of money for us to burn!
You’ll get it all back and so much more! We promise, in 18 months!Just another trillion dollars guys! Just another year and a half! I swear!
Junkies high on venture capital, begging for their next hit.
I mean, the idea that all white-collar jobs could be automated is obviously stupid. But even if just 50% could be made redundant by increased productivity, or 20%, that would generate enormous downward pressure on wages and salaries and turn this kind of job into college-degree burger flipping, economically.
The world went through the very similar blue-collar job destruction in the 80s and 90s. Back then, Conservatives decided this was all a Very Good Thing, and Neoliberals shrugged. The made vast swaths of industrial areas suddenly derelict and impoverished. It’s hard to believe that Detroit was once one of the wealthiest cities in America.
We must tax companies that use AI to reduce workforce to offset cost benefits. Society will have to deal with the suddenly impoverished accountants and lawyers and needs extra revenue.
The worst part of this AI revolution is that it affects most directly those that have the least experience, as it’s easier to replace an entrant with software. Yet another way young people are screwed, yet another way society absolutely needs to step in to make sure the next generation has a fighting chance.
And now it’s $80 an hour or more to hire a plumber. This is a bad deal no matter how you slice it.
And the commenter above is correct. If AI could do these jobs, so could cheap labor overseas. So the $80 an hour plumber is much more likely than the outsourcing that resulted in the destruction of Detroit as a manufacturing hub.
