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The bridge to wealth is being pulled up with AI

danielhomola.com

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Re: The bridge to wealth is being pulled up with AI

#61

Post by acessoproibido »

0x4e wrote: post #20

This is when I ask sincerely: how does AI truly benefit the average Joe? Sure it can help you do things “faster” and it can give you “private/cheaper” advice. But, AI feels increasingly like a thing that will make the powerful a lot more powerful with their data centres and automation shenanigans. All the hype feels like it’s being injected into everyone’s brain like a virus. Oh look at this shiny new tool! But, how…

Benefitting Joe Average was never the goal. Like all advances in tech it mainly benefits the elites.

Re: The bridge to wealth is being pulled up with AI

#62

Post by TGower »

0x4e wrote: post #20

This is when I ask sincerely: how does AI truly benefit the average Joe? Sure it can help you do things “faster” and it can give you “private/cheaper” advice. But, AI feels increasingly like a thing that will make the powerful a lot more powerful with their data centres and automation shenanigans. All the hype feels like it’s being injected into everyone’s brain like a virus. Oh look at this shiny new tool! But, how…

> How does AI truly benefit the average joe?

Automated production of goods and services means more goods and services to go around. From cheaper prices on all of the things people already buy to unlocking new classes of products like actually useful robotic helpers. Increased pace of development and reduced cost will make many niche products economically viable, essentially the maker movement on steroids.

Re: The bridge to wealth is being pulled up with AI

#63

Post by botswana99 »

ixlixl wrote: post #47
botswana99 wrote: post #29

The dude has obviously never met a multimillionaire owner of an auto body shop, a house demolition business, or a plumber. Did they do well in high school calc class? No. Are they richer than the author? Yes Blowing up the cognitive hierarchy is a gift that AI gives us. Let's move into an age where hard work and character matter more than your SAT score at 17.

AI automating (almost) all white collar work will concentrate all those salaries into the hands of a very small group of people. BTW the number of plumbers who become multimillionaires is vanishingly small, while the number of SWE who have in the last 15 years is enormous by comparison.

Neither statement is true, unfortunately. The reports that you read in the media don't reflect the state of the world. In the US, most plumbers and SWE make between 100-200K. The way to wealth is to start one's own business. Hence, hard work and character.

Re: The bridge to wealth is being pulled up with AI

#64

Post by rokkamokka »

r0fl wrote: post #50
0x4e wrote: post #20

This is when I ask sincerely: how does AI truly benefit the average Joe? Sure it can help you do things “faster” and it can give you “private/cheaper” advice. But, AI feels increasingly like a thing that will make the powerful a lot more powerful with their data centres and automation shenanigans. All the hype feels like it’s being injected into everyone’s brain like a virus. Oh look at this shiny new tool! But, how…

Does not benefit average Joe now I agree But let’s say we get to ASI. The ai is self owned, ever expanding. It takes over all service jobs, then all labour jobs, the robots create the robots. It lobbies the government, becomes the government Rebuilds all housing with no waste in the process Makes most things available to everyone at no costs, UBI, perfect healthcare, and food, etc Average Joe’s life will be pretty aw…

Pretty big assumption of empathy there

Re: The bridge to wealth is being pulled up with AI

#65

Post by adverbly »

cglan wrote: post #16

The future (if we keep using money to allocate resources) is something akin to feudalism but worse. If you are born at the bottom you will never rise to the top. It's bleak. Even worse, your labor will not be needed, nor will your intellectual abilities. There will be a few well off people with capital. The data centers will be guarded by automatons and drones. Everyone else will essentially live in a parallel econom…

Seems like if we want to avoid dystopia, our options are:

1. Full-blown socialism

2. Georgism

Georgism may have been right all along!

Re: The bridge to wealth is being pulled up with AI

#66

Post by excalibur »

0x4e wrote: post #20

This is when I ask sincerely: how does AI truly benefit the average Joe? Sure it can help you do things “faster” and it can give you “private/cheaper” advice. But, AI feels increasingly like a thing that will make the powerful a lot more powerful with their data centres and automation shenanigans. All the hype feels like it’s being injected into everyone’s brain like a virus. Oh look at this shiny new tool! But, how…

> Sure, it might cure cancer, but… that’s just uncertain. Sure, we’ll go to space, but… we sure have many problems at home.

We're not going to space. We're filling our own orbit with ever-increasing quantities of space junk and speeding toward a tipping point where space launch will no longer be possible due to near-certainty of collision. Mister "Let's all go to Mars" Elon Musk is the single greatest contributor to this problem.

Re: The bridge to wealth is being pulled up with AI

#67

Post by gradus_ad »

A rebuttal: the institutional and experiential barriers to wealth generation can be overcome with AI unlike any other technology before. Consider: someone wanting to start a business previously had to negotiate tremendous legal/compliance/technological hurdles. The prospect of going alone given these is very intimidating so most without wealth or connections didn't. Their good ideas languished. Now, everyone has a knowledgeable and forgiving partner and guide.

Re: The bridge to wealth is being pulled up with AI

#68

Post by apercu »

bloppe wrote: post #30

Until I see median real income start to actually go down, I just don't buy it. AI is currently a commodity. Maybe one of the labs will be able to differentiate sufficiently to be able to charge the kinds of premiums they need just to pay back their investors. Maybe, instead, we'll see something akin to the FOSS revolution, where large, high-quality, open training sets are developed to make sure there's always a fair…

> Until I see median real income start to actually go down

I'm not sure I understand this, it doesn't feel like what I have "lived" for the least 30 years.

Median real income might not be down statistically, but the purchasing power of professional incomes relative to housing, education, and major life costs clearly feels lower than it did in the mid 90s. An inflation-adjusted six-figure salary today does not deliver the same lifestyle position it once did.

Man... healthcare costs, too. Hell, even computers! Raw computing power per dollar is cheaper than ever, but the minimum spec required to function professionally has risen so much that the real cost of staying technologically current feels higher.

Re: The bridge to wealth is being pulled up with AI

#69

Post by bix6 »

cglan wrote: post #16

The future (if we keep using money to allocate resources) is something akin to feudalism but worse. If you are born at the bottom you will never rise to the top. It's bleak. Even worse, your labor will not be needed, nor will your intellectual abilities. There will be a few well off people with capital. The data centers will be guarded by automatons and drones. Everyone else will essentially live in a parallel econom…

We’re already there. Your individual labor isn’t enough to make a living unless you subscribe to the altar of a feudal FAANG. This is preposterous.

> Collectively, the wealthiest 1% held about $55 trillion in assets in the third quarter of 2025 — roughly equal to the wealth held by the bottom 90% of Americans combined.

https://www.cbsnews.com/news/us-wealth-gap-widest-in-three-d...

Re: The bridge to wealth is being pulled up with AI

#70

Post by pbiggar »

The author mentions the French revolution, and that is a really important thing for the elites to understand. Class mobility -- as much as it existed because for a lot of people it didn't -- is what keeps the heads of the elites attached to their bodies.

When the system gets destroyed, and when the wealthy extract all the wealth from society, a lot of desperate people start looking for reform. And when the wealthy control and limit all means of reform (buying politicians, limiting free expression on social media, etc), reformists realize the only remaining path is revolution.

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