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You are not a horse: AI and the future of labor demand
submitted by
frankPodmorehttps://www.economicforces.xyz/p/you-are-not-a-horse
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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?
New World Order. I’m not exactly sure, but I think they’re planning to destroy billions of people, keep loyal consumers on basic collateral for a while, and when the system stabilizes without consumers, the remaining consumers will be destroyed too, and eventually a few thousand or hundreds of people in the world will have absolute power until AI takes it away and destroys every single one of them.
This is how it is likely to end. If you don’t want to be killed, I recommend thinking about it.
I don’t think it ignores it, rather the argument is precisely that that maximal substition won’t and can’t happen.
The difference is a tractor did the same job better than a horse.
AI does not do jack fucking shit better than a human.
Wrong! LLMs produce useless garbage MUCH faster and for FAR higher costs than a human ever could, all while making middle management insanely horny.
Me, looking at all the horse furries: “I KNEW IT”
Every fucking time.
It’s really not that; it’s about how spending and employment patterns have changed historically in response to increased automation.
Historical employment patterns which depend on labour being a smaller but irreplaceable slice of a larger pie. 0% of an economy a billion times the current size is still 0$
[citation needed]
Neigh