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Who will buy your services if you fire us all?

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Re: Who will buy your services if you fire us all?

#52
post #3

The author is so naive to think that after eliminating the dependency on labor that the wealthy class will launch UBI so that they will still have customers. What will happen is they will leave us to die.

All you have to do is look at the state of the world today to see this is the endgame. Huge swaths of humanity live on basically subsistence level agriculture, and it's not like we're all sending UBI to them. The top .001% can see the rest of us fall a lot further before they have to worry about who will buy their products.

This is such an odd take, when the percent of the world doing subsistence farming has never been lower at any point in human history, and a mixture of capitalism and technological innovation is the primary driver of that.

Re: Who will buy your services if you fire us all?

#53
post #3

The author is so naive to think that after eliminating the dependency on labor that the wealthy class will launch UBI so that they will still have customers. What will happen is they will leave us to die.

All you have to do is look at the state of the world today to see this is the endgame. Huge swaths of humanity live on basically subsistence level agriculture, and it's not like we're all sending UBI to them. The top .001% can see the rest of us fall a lot further before they have to worry about who will buy their products.

Hmm I share your concern but we do regularly develop new economies? The EU pumped a ton of money into eastern Europe, the west collectively did the same by outsourcing to Asia which is now the largest market for very significant industries.. Latin America and Africa have been abused and hollowed out for centuries but seeing decent growth now, so I'm more optimistic

Re: Who will buy your services if you fire us all?

#54
post #27

I'm not sure I follow Wouldn't UBI be funded by the wealth generated by the automation in this case? So is the difference only the amount people receive that changes UBI from an economic cushion to sharing the wealth? In addition the premise that everyone will be fired is a little presumptuous to me. So far we've seen that agents are very capable of automating well-scoped, verifiable tasks but the majority of jobs do…

You assume that the people who are at the top of the organizations generating said wealth will have any incentive to do that. Look around the world at the petro states for examples of a highly capital intensive industry generating money that subsidizes the rest of the economy.

Re: Who will buy your services if you fire us all?

#55
post #23
post #3

The author is so naive to think that after eliminating the dependency on labor that the wealthy class will launch UBI so that they will still have customers. What will happen is they will leave us to die.

> Altman theorized a system where society has "an ownership share in whatever AI creates." In this "universal basic wealth system," people can barter their share of the world's AI capacity. [1] It's not clear to me how the average person would acquire their "ownership share" without buying in first like a stock. Is it from the company where you work now when they lay you off? When does it start? According to the CEOs…

Sam Altman is too stupid to realize he's arguing for nationalizing the AI companies.

Re: Who will buy your services if you fire us all?

#57
The AI industry, and arguably at this point the tech industry as a whole, isn't concerned with sustainability, as long as they can profit today tomorrow is tomorrow's problem. Who will buy the services, where will data for AI training come from, these are perfectly valid questions but they're questions that don't have an immediate effect on profit, so easier to ignore it until we can't apparently.

The same could be said about environmental concerns. It'll be a lot cheaper to deal with today than deal with when it becomes a problem, but its easier to ignore that and collect the cash from oil and gas whilst its going

Re: Who will buy your services if you fire us all?

#58
Wealth and Power are linked, but power is the goal for the wealthy, not the wealth itself. The moment the relationship of wealth and power is uncoupled, they will discard it in favor of whatever comes next in their accumulation of power.

It is incredibly naive to think that the way things currently are is the way things will be. There is significant reason to believe that after enough concentration of power, there would be no reason for them to continue to participate in traditional economics as we know them.

On the bright side, history shows us that powerful people tend to concentrate power up to the point in which they start to believe themselves as some sort of god-like being. At which point they are reliably proven they are not. The Sword of Damocles hangs above all of them.

Re: Who will buy your services if you fire us all?

#59
post #21

Earlier quoted context omitted.

History provides the same answer every time this question arises

> History provides the same answer every time this question arises You mean that after some popular discontent arises, the top authorities will simply be overthrown by a competing faction within the ruling class, but that competing faction will fool the masses into thinking that “people power” won out and things are any better? That is, after all, how most “successful” revolutions have played out. Other revolutions t…

Well, we were overall better for a couple of centuries after abolishing all-powerful kings + some welfare laws here and there (ymmv, maybe serfdom sounds nice to you). So those changes can work for a while, big emphasis on can and for a while.

Greedy accumulators always end up ruining things for societies when it gets into ridiculous extremes (and there is a part of society that notices and gets fed up).

Re: Who will buy your services if you fire us all?

#60
post #3

The author is so naive to think that after eliminating the dependency on labor that the wealthy class will launch UBI so that they will still have customers. What will happen is they will leave us to die.

> What will happen is they will leave us to die.

Lots of people want to rule a nation, but no one wants to rule a nation of bones.

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