I don’t understand how any business leader can be excited about humans being replaced by AI. If no one has a job, who’s going to buy your stuff? When the unemployment in the country goes up, consumer spending slows down and recession kicks in. How could you be excited for that?
The ‘white-collar bloodbath’ is all part of the AI hype machine
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Re: The ‘white-collar bloodbath’ is all part of the AI hype machine
#42Earlier quoted context omitted.
I guess the idea is that the people left working will be made so productive and wealthy thanks to the miracle of AI that they can more than make up the difference with extravagant consumption.
If you want to see what that looks like, just look at the economy of India. Do we really want that?
Re: The ‘white-collar bloodbath’ is all part of the AI hype machine
#43https://en.m.wikipedia.org/wiki/List_of_predictions_for_auto... It wasn’t just Elon. The hype train on self driving cars was extreme only a few years ago, pre-LLM. Self driving cars exist sort of, in a few cities. Quibble all you want but it appears to me that “uber driver” is still a popular widespread job, let alone truck driver, bus driver, and “car owner” itself. I really wish the AI ceos would actually make my l…
Bureaucracy and regulation is the main issue there though. Like in Europe where you're forced to pay a notary to start a business - it's not really even necessary, nevermind something that couldn't be automated, but it's just but of the establishment propping up bureaucrats. Whereas LLMs and generative models in art and coding for example, help to avoid loads of bureaucracy in having to sort out contracts, or even hi…
Like in the US you have a choice of which jurisdiction you want to start your company. Not all require a notary
Re: The ‘white-collar bloodbath’ is all part of the AI hype machine
#44Earlier quoted context omitted.
I guess the idea is that the people left working will be made so productive and wealthy thanks to the miracle of AI that they can more than make up the difference with extravagant consumption.
I too plan to buy 100.000 liters of yogurt each day once AI has transported me into the socioeconomic strata of the 0.1%
Re: The ‘white-collar bloodbath’ is all part of the AI hype machine
#45Earlier quoted context omitted.
You ever thought there’s more to life than work lol. Maybe humans can approach a new standard of living…
I’m yet to be convinced that if majority of the humans are out of work, the government will be able to take care of them and allow them to “pursue their calling”. Hunger games is a more believable outcome to me.
Re: The ‘white-collar bloodbath’ is all part of the AI hype machine
#46There’s a hype machine for sure. But the last few paragraphs of the piece kind of give away the game — the author is an AI skeptic judging only the current products rather than taking in the scope of how far they’ve come in such a short time frame. I don’t have much use for this short sighted analysis. It’s just not very intelligent and shows a stubborn lack of imagination. It reminds me of that quote “it is difficul…
It was never used in the sense of denigrating potential competitors in order to stay employed.
> People like this have banked their futures on AI not working out.
If "AI" succeeds, which is unlikely, what is your recommendation to journalists? Should they learn how to code? Should they become prostitutes for the 1%?
Perhaps the only option would be to make arrangements with the Mafia like dock workers to protect their jobs. At least it works: Dock workers have self confidence and do not constantly talk about replacing themselves. /s
Re: The ‘white-collar bloodbath’ is all part of the AI hype machine
#47Around the time when bitcoin started to get serious public attention, late 2017, I remember feeling super hyped about it and yet everyone told me that money spent on bitcoin was wasted money. I really believed that bitcoin, or at least cryptocurrency as a whole, would fundamentally change how banking and currencies would work. Now, almost 10 years later, I would say that it did not live up to my believe that it would…
Re: The ‘white-collar bloodbath’ is all part of the AI hype machine
#48Re: The ‘white-collar bloodbath’ is all part of the AI hype machine
#49There’s a hype machine for sure. But the last few paragraphs of the piece kind of give away the game — the author is an AI skeptic judging only the current products rather than taking in the scope of how far they’ve come in such a short time frame. I don’t have much use for this short sighted analysis. It’s just not very intelligent and shows a stubborn lack of imagination. It reminds me of that quote “it is difficul…
Using the Upton Sinclair quote in this context is a sign of not understanding the quote. The original quote means that you ignore gross injustices of your employer in order to stay employed. It was never used in the sense of denigrating potential competitors in order to stay employed. > People like this have banked their futures on AI not working out. If "AI" succeeds, which is unlikely, what is your recommendation t…
As to my recommendation to what they do — I dunno man. I’m a software engineer. I don’t know what I am going to do yet. But I’m sure as shit not burying my head in the sand.
Re: The ‘white-collar bloodbath’ is all part of the AI hype machine
#50This is not a matter of whether AI will replace humans whole sale. There are two more predominant effects:
1. You’ll need fewer humans to do the same task. In other forms of automation, this has led to a decrease in employment. 2. The supply of capable humans increases dramatically. 3. Expertise is no longer a perfect moat.
I’ve seen 2. My sister nearly flunked a coding class in college, but now she’s writing small apps for her IT company.
And for all of you who poo poo that as unsustainable. I became proficient in Rust in a week, and I picked up Svelte in a day. I’ve written a few shaders too! The code I’ve written is pristine. All those conversations about “should I learn X to be employed” are totally moot. Yes APL would be harder, but it’s definitely doable. This is an example of 3.
Overall, this will surely cause wage growth to slow and maybe decrease. In turn, job opportunities will dry up and unemployment might ensue.
For those who still don’t believe, air traffic controllers are a great thought experiment—they’re paid quite nicely. What happens if you build tools so that you can train and employ 30% of the population instead of just 10%?