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The Permanent Upper Crow

permanent-upper-crow.jasonwu.ink

71–80 of 88 posts

Re: The Permanent Upper Crow

#71
post #69

Earlier quoted context omitted.

Are we the Baddies? Yes, and how interesting. I could vibe a game about that.

There’s a lot more ways automation can turn out than “permanent underclasses”. It’s kinda like how some people build planes without supporting crashing them into things

He isn't building a plane but a device.

What does the device do? He doesn't know.

Re: The Permanent Upper Crow

#73
post #35

Earlier quoted context omitted.

I'd argue it's not about selling everything. Instead, avoid buying things by default and trying to keep up with the Joneses. You don't need to move to the wilderness, you just need to choose to escape consumerism. For example: - Do you really need a new car, when a lightly used one will do just fine and will be more economical? - Do you really need to upgrade to a new phone every year when your current one is still w…

How does that go for Americans who cannot afford to pay for a $400 surprise expense out of pocket? https://www.federalreserve.gov/consumerscommunities/sheddata...

That was debunked as a misleading interpretation, e.g. https://www.jpmorganchase.com/institute/all-topics/financial... . The graph very specifically says "...using cash or its equivalent".

Re: The Permanent Upper Crow

#74
post #6

Fascinating. I was able to escape the suffering by simply not purchasing a top hat. An interesting lesson that the pursuit of conspicuous consumption is the root of one’s own suffering. A strange game. The only winning move is not to play.

[deleted]

Re: The Permanent Upper Crow

#76

I wasn't expecting this to get the visibility it did... but I want to say thank you to everyone that took a few minutes of their precious time to play through this. I made this on a whim yesterday. It's inspired by many of my experiences talking to folks in the AI space. While it paints a grim picture, I still have hope that we'll find a way out of this mess in the future. I also want to give some recognition for the…

Ah yes, arbeit macht frei

Re: The Permanent Upper Crow

#77

What's interesting is the creator of the site has listed on their linkedin that they're ... wait for it ... a co-founder at some generic AI startup with the goal of using AI agents to automate away manual jobs.

What if the intended takeaway was something else like this?

"Jumping so late onto the bandwagon by buying shares like that is for losers! Winners are people bold enough to be entrepreneurs who make the stuff and sell the shares. (Like I'm going to do, because I'm smarter than that crow.)"

I must warn that it isn't the most charitable random-ass-theory of a stranger's worldview... but it would resolve the apparent inconsistency.

Re: The Permanent Upper Crow

#78
post #62

If crypto was a bunch of autodidacts speed running the history of finance, then AI is speed running the history of religion. This whole "permanent underclass" thing seems like it's just the Rapture in secular clothing. It's interesting watching each new generation relate to the rat race, but this current framing seems toxic. The economy is not a zero sum game. I worry about the amount people coming into the work forc…

> This whole "permanent underclass" thing seems like it's just the Rapture in secular clothing.

The Left Behind version of the Rapture.

Re: The Permanent Upper Crow

#79
Of course ai execs are going to say AI will automate every job, but only a fool believes it. I guarantee we will still have tedious manual work in 25 years. People have been saying this for years.

I mean do the math... Who buys anything from the robot overlords if we're all jobless? How do states exist without tax revenue? Why would anyone pay money to get a factory full of robots to make something if nobody's going to I buy it? Somebody please answer that last one

Re: The Permanent Upper Crow

#80

Earlier quoted context omitted.

How does that go for Americans who cannot afford to pay for a $400 surprise expense out of pocket? https://www.federalreserve.gov/consumerscommunities/sheddata...

That was debunked as a misleading interpretation, e.g. https://www.jpmorganchase.com/institute/all-topics/financial... . The graph very specifically says "...using cash or its equivalent".

> 77 percent of low-income households can cover an unexpected $400 expense, though many must cover it with disposable income or short-term credit... 43 percent of low-income households unable to weather small expense shocks might be able to pay them with access to additional credit.

I'm not sure if credit is the ideal solution, nor if additional credit would be beneficial.

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