That would assume that AI is truly capable of making a lot of jobs obsolete… but from my current perspective, that premise is nothing more than a marketing gimmick used by AI companies.
But the important part is that idiotic managers and shareholders buy it. Although they might have caused their own bankruptcy, people has lost their job, and the demand of labour is not even staying the same. It has caused unemployment after all.
Many of those jobs lost to AI were going away anyway. AI is just the excuse management can use with less backlash currently. They have a bogeyman so they’re gonna use it.
You really only need to replace 10% of jobs. There are talks of replacing software devs with AI. And developing is one of the more complex tasks in office environment. Imagine 10% of the country rioting. Thats suddendly millions of people. You dont have sufficient police or prisons to handle that.
That would assume that AI is truly capable of making a lot of jobs obsolete… but from my current perspective, that premise is nothing more than a marketing gimmick used by AI companies.
But the important part is that idiotic managers and shareholders buy it. Although they might have caused their own bankruptcy, people has lost their job, and the demand of labour is not even staying the same. It has caused unemployment after all.
Many of those jobs lost to AI were going away anyway. AI is just the excuse management can use with less backlash currently. They have a bogeyman so they’re gonna use it.
The AI bubble bursting is capable of destroying a bunch of jobs simply by wrecking the economy.
You really only need to replace 10% of jobs. There are talks of replacing software devs with AI. And developing is one of the more complex tasks in office environment. Imagine 10% of the country rioting. Thats suddendly millions of people. You dont have sufficient police or prisons to handle that.
During the great depression 1/4 of working Americans were without jobs. This lasted for several years. The average earnings fell by 40% for families.
Guess what? No revolution.
So unless we are looking at more than a quarter of the jobs being replaced it isn’t going to make any changes at all honestly.