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June Northey's avatar

Fantastic article that im sharing parts of to my kids. My 20 year old is getting educated in media and the technology around it, I can see it being eaten by AI but also can see knowledge from it being very useful in adapting to the mess coming. Another kid wants to become a lawyer - big shortage of those strangely. Again AI could take it over, but knowing how to maneuver in legal circles should be valuable for a long time. The youngest wants to do arts, something AI tries but often fails at, she is 11 so by the time she has to choose it'll be more clear hopefully.

Funny, in the 80s I saw programming as a dead end as i figured we'd make programs that could make other programs, heck as programmers how could we resist making ourselves obsolete? Just our nature. Took longer than I expected.

Michelle Paquette's avatar

Synthetic employees reporting to synthetic managers, in virtual office spaces or linked to robotic machines in the physical world, all busily providing goods and services for sale, with better profit margins for their owners than the meatbags produced.

From the capital investor’s viewpoint this sounds wonderful. Until…

The now unemployed meatbags have no income or savings to purchase more goods and services. The synthetic employees don’t have a salary or the need for goods and services to purchase.

Only the capital investors and owner class have the ability to purchase goods and services.

What’s the new stable state for this economy? What happens to those without the ability to be in the investor/owner class?

Do we magically promote the displaced population of Earth into the investor/owner class? Oh, horrors, socialism! Or do the machines do the obvious optimization, using another surplus resource as feedstock for the system?

Interesting times ahead.

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