His data is meaningless without actually saying the sources for these numbers. BLS inflation data is highly criticized and it may make his entire point moot if the cost of those industries hasn't actually increased.
AI Won't Cause Unemployment
31–40 of 362 posts
Re: AI Won't Cause Unemployment
#32How did this get so many points?
Some people probably agree with him. I think his reasoning isn't quite right and do think that there will be people fired and replaced at least in part by AI, but I think his insistence that AI is illegal and that's the reason health, education, and housing prices are so high is kind of funny. I feel like he hasn't thought about how setting a bone, wrapping a bandage, meeting with individual students, building on finite land might not be done as relatively efficiently as the other things on that list.
Re: AI Won't Cause Unemployment
#33How did this get so many points?
Sometimes I'll upvote a post where the article is essentially useless if I'm interested in seeing the hacker news community discuss the topic.
I haven't done so for this article, but it could be a similar motivator for others.
Re: AI Won't Cause Unemployment
#34Re: AI Won't Cause Unemployment
#35I can't help but think Andreesen's gone off the deep end a bit, especially after he started gushing over Adam Neumann's second run at a real estate company (“We think it is natural that for his first venture since WeWork, Adam returns to the theme of connecting people through transforming their physical spaces and building communities where people spend the most time: their homes.”). > AI is simply already illegal ac…
Something snapped in him when crypto shit the bed. His new obsession with AI is him working some stuff out.
It's because he stopped drinking recently. https://pmarca.substack.com/p/on-pausing-alcohol
(In all seriousness, I'm very happy it's becoming more fashionable to not drink)
Re: AI Won't Cause Unemployment
#36I think there is real difference between a) devaluing someone's work, and b) and voiding work of value. What makes AI different from previous technological innovations is that it seems to have the potential to make peoples labor worthless, rather than merely devalued. To give examples, if your writing is worse than ChatGPTs then your writing is worthless. If your art is worse than stable diffusion then your art is wo…
But this is the story of technology for two centuries or more. Somehow we kept income and aggregate growth going even as we needed far fewer farmers, factory foremen, and travel agents.
Re: AI Won't Cause Unemployment
#37> We had two such anti-technology jobs moral panics in the last 20 years — “outsourcing” enabled by the Internet in the 2000’s, and “robots” in the 2010’s. The result was the best national and global economy in human history in pre-COVID 2019, with the most jobs at the highest wages ever. How much of this economy and growth was real and how much was free money from the FED? We’ve still got all that same stuff now, bu…
People overestimate the potency of monetary policy. Japan's central banks had its foot to the pedal for 2 decades and only recently have things gotten better. 0% interest rates is not an elixir for growth. It's not that easy or simple. Same for other countries which had 'easy money' polices but far less success compared to the US, no Facebook or Aamzons coming out of the UK or Germany.
Japan is ahead of us in time. What they are we will be. Zero interest rates can’t fix massive debt, a graying population with low population growth, low immigration, and out of control property prices.
https://www.forbes.com/sites/lawrencelight/2021/02/24/will-t...
Re: AI Won't Cause Unemployment
#38Something tells me that if someone came up with a technology that threatened to make venture capitalists unemployed and bankrupt, Andreesen would suddenly become very pro-luddite.
Re: AI Won't Cause Unemployment
#39I can't help but think Andreesen's gone off the deep end a bit, especially after he started gushing over Adam Neumann's second run at a real estate company (“We think it is natural that for his first venture since WeWork, Adam returns to the theme of connecting people through transforming their physical spaces and building communities where people spend the most time: their homes.”). > AI is simply already illegal ac…
Something snapped in him when crypto shit the bed. His new obsession with AI is him working some stuff out.
Crypto was a big mistake on his part, imho . Crypto is not at all like the 'next facebook' or the 'next world wide web'. At best it will be a niche and limited to gambling. Even I could have told him it was a bad idea, but it's not his money, so what does he have to lose. As long as there are people chasing the latest thing in the hope of getting rich, there will be people selling shovels and ticket.
Re: AI Won't Cause Unemployment
#40I don’t get the argument of tech not being able to affect prices.
Having an AI research assistant or tutor surely should reduce the ridiculous prices of college textbooks and the need for TAs no?
Also how does virtual and reimagined medical care not disrupt this? Go look at OneMedical and Amazon and they seem to be bringing costs down significantly.
Didn’t Charlie Munger say something about how high prices create the illusion of scarcity and quality?