So if AI replaced humans at jobs, as well as off shore labor. How will businesses survive if most people are out of jobs and have no income to spend money? How is this doing economy any good or making America great? Humans are very stupid and corporate greed is a death wish!
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You may be right. It's near impossible to predict where economies go. People often can't see where the future will take us. Plenty of 19th century people thought that 'everything that can be invented, has been', and they were comically wrong. I have confidence that we'd find things to do. If not, then the masses will likely eat the rich. Possibly literally. AI depends on a lot of physical infrastructure and has significant power needs, which is by definition very vulnerable. The rich themselves are also. They want to be our overlords, but the relationship has limits, and billions of unemployed malnourished people won't end well for the oligarchs.
"Walk us through this. So taxes are increased on companies that employ AI and have downsized, but those companies in turn will raise their prices on the goods and services paid for by people getting paid UBI?"
Pretty much, although those companies wouldn't only be providing goods and services solely to US retail consumers (they would also provide goods and serives to other businesses, government(s), educational institutions, foreign consumers, etc). Also those companies wouldn't necessarily raise their prices, rather prices would settle at a point that the market could bear.
Of course I don't have the exact details of how it would work (no one does yet), but that's the gist of how I would see it working.
"The money for UBI would come from increased taxes on the companies that are proportionally benefitting the most from job downsizing due to AI."
Walk us through this. So taxes are increased on companies that employ AI and have downsized, but those companies in turn will raise their prices on the goods and services paid for by people getting paid UBI?
Make fat stacks now on Onlyf-ns and by selling feet pics. Bonus points if you do so from your WF office. Then retire.
“ Humans will just do other things.”
It’s easy to point to replacing manual labor jobs through mechanization and say people found other work.
But AI is a whole different ballgame. There isn’t a back office function safe from AI. Not even software developers.
As the elite own more and more of everything, the rat race that is capitalism becomes a burden upon them. They are purchasing control of the land and resources. As more and more jobs disappear, they have the capital it continue buy more, cheaply, as people sell what they have to survive or it is seized by the banks.
It won’t matter that entire markets disappear because the consumers disappear, because they will own everything. The only working class will be those who directly support their lifestyle.
Capitalism ultimately dies because the capitalist uses his/her resources to buy politicians to stifle the healthy functions of markets through government barriers they create for new competition to enter the market. Capitalism gets distorted and becomes cronyism.
Most of the trading activity in the markets is not human trading, it’s computers. The oil markets are manipulated by trading with no intent of taking delivery of oil, just to skim off profit buying oil contracts and lower prices and selling at higher prices impacting the cost of the consumer.
The moral matrices of the elite are not like us. They value money and the pursuit of more riches over everything else. There is never a point where they stop and think “I have enough, I don’t need more, I can go off and live an enjoyable life free from the worries of poverty, spend time with my family and friends.” Earning money isn’t a means to an end for them. It is the entire basis of their life.
2007/2008 should have put many of these out on the streets, but it failed because the politicians the capitalists bought needed to prop up their backers. So instead of the markets naturally operating as they should and cleaning out the excess, the politicians and bankers shifted their mess on to the taxpayers.
Capitalism is dead. Techno-feudalism is here and the next few decades will bring much misery to humanity. I am fortunate that I’ll probably be dead before the worst of it begins. I fear for my children.
The only hope is that there are more Luigi’s out there that when the time comes, are brave enough and charismatic enough to lead others to rise up.
As long as the common folk are divided, divided arguing amongst themselves about men in women’s restrooms and sports, identity politics and other distractions, so we fight amongst ourselves, the elite are robbing the planet without much notice. They don’t fear the combined strength of the people, because they have gotten us to fight ourselves.
They need to be reminded that they should fear the people. That they are outnumbered and that at any moment they can be placed in a tall wooden frame with a weighted blade dangling above their necks.
I think you raise a valid concern. In coming years, millions upon millions in the US (and elsewhere) are expected to be displaced from their jobs. For example, think about people who drive for a living getting displaced by robotaxis and automated trucks. To your point, I don't know what specific new work or means of support will absorb those displaced people, but the hope is increased economic productivity will lead to GDP growth which will in turn lead to new businesses forming, entrepreneurship, and enough credit and money flowing to support everyone participating in the economy.
Are you losing sleep over this?
Humans will just do other things. Mechanization drastically reduced the number of people farming. Did they all just roll over and die? No, they did other jobs. The chaos from these kinds of shifts is relatively temporary. Doesn't mean it doesn't su-k for those impacted, but the fact that these things happen should motivate us all to plan for rainy days. They will happen, especially here.
@bz+1jkgjyzkm Working so hard yet still you come to thelayoff because everything is just working out great lol Or I guess all the laid off and outsourced people must’ve just had it coming for not working hard enough?
Conservatism is an ideology for people with the minds of children. Keep telling yourself these little fairy tales.
The Earth has a finite amount of resources. They need much of the world population to disappear.
Capitalism is dead. It’s being replaced with a techno-feudalism. They will own everything. You will own nothing. You will be happy with the scraps they give you for labor they need.
The rest of us will perish.
Wrong. If you compete and work super hard every day, you will overcome. It’s always worked that way.
AI is designed employing LOGIC, we are safe here in WF.
Sociopathic conservatives can never imagine they’d be affected by something. That’s only for the weak and lazy!
Literally all unsuccessful people who are hoping not to have to work and compete are the ones voting left and hoping for UBI. I’m so sick of it.
It’s not any different than offshoring all the jobs. How is that great for our economy? P&I don’t stimulate our economy nor pay into social security.
Historically, new tech and paradigm shifts tend to create more jobs. Will AI buck that trend? Who can say?
But if it displaces more jobs than it creates, then obviously the economy will have to adjust with it somehow.
The money for UBI would come from increased taxes on the companies that are proportionally benefitting the most from job downsizing due to AI.
Just give me UBI and a replicator
Not true. Not all humans are stupid. But most humans are stupid and they all think smart humans are greedy if rich and cheap if poor.
@a4+1jkgjyzkm, Sure UBI is a solution, but where does the money to fund UBI come from?
It will just exacerbate the inequality. There will few more Americans living in 3 world conditions.
Universal Basic Income
For capitalists, Who will buy your goods and services?
The billionaires don't care at all lol, they just want more money. Maybe they'll sell goods to other countries with financial safety nets and just give up on the U.S.