I'm surprised to not find the word "deflation" anywhere. It doesn't necessarily seem likely in the end given governments would presumably just print money, but intuitively AI seems like the ultimate deflationary technology. Fairly generally, not just for labor.
What will our economic future look like?
251–260 of 417 posts
Re: What will our economic future look like?
#252Earlier quoted context omitted.
I didn't read the article but headed straight to comments because I cannot trust a single word Anthropic says about economy. They have an incentive to play dumb and talk as if AI is net positive for the world.
It feels like propoganda.
That’s because it is. And not even well presented propaganda.
Re: What will our economic future look like?
#253Earlier quoted context omitted.
> human lives are the cost of making the wrong decisions ... True. > ... AI can't be allowed to be a decision maker Non sequitur. Part 2 only follows from the Part 1 if you can demonstrate that AI makes more errors, or more severe errors, than humans in the identical situation. And for those situations, I agree with you. But there are already many situations where the AI is making fewer errors than humans, and for th…
Since AI can't be held liable for mistakes, it's immaterial whether the AI makes fewer mistakes than humans.
Not true. The company deploying or using the AI (not the frontier AI lab building it) needs to make sure that the AI works. Just like anything else. Not sure why this is complicated.
Re: What will our economic future look like?
#254> As the nurse incorporates AI into her job, the nurse is able to oversee and accomplish more. She can spend more time talking with patients and helping them understand diagnoses. Productivity increases. This feels economically naïve.. If AI lets one nurse do the work that previously required two, the default pressure in a cost-driven system is not "great, now nurses can spend twice as long with patients" It is "grea…
I know this is just an example, but I'm going to say this every time the subject comes up: since human lives are the cost of making the wrong decisions, AI can't be allowed to be a decision maker of any kind in healthcare. If my blood pressure crashes because my nurse is caring for 15 patients at once and didn't notice that the AI decided to pause my norepinephrine, I won't consider "the AI did it" to be any acceptab…
> “the AI did it" to be any acceptable excuse.
It will be depending on how much you paid. My bet is that in the near future normal people (like most of us) will be attended by AI in pretty much everywhere: the bank, the hospital, shops, hotels, etc.
You will need to pay extra premium to be attended by a human being. Actually that’s what’s been happening to the ultra rich since a very long time ago (e.g. a millionaire doesn’t book an appointment by using their phones, they ask their assistant to book for them; they don’t go online shopping, they get people do the shopping for them, etc)
Re: What will our economic future look like?
#255Earlier quoted context omitted.
I didn't read the article but headed straight to comments because I cannot trust a single word Anthropic says about economy. They have an incentive to play dumb and talk as if AI is net positive for the world.
It feels like propoganda.
As long as it is repeated often enough, everyone will accept it and most will also believe it. Even when corrected later, whatever was repeated more often will live on.
This is why all the things you are supposed to believe are repeated and repeated and repeated some more.
Re: What will our economic future look like?
#256It's funny that this is missing the negative effects or the possibility of an economic crisis scenario. Many data centers are being built by companies that won't exist in a few years, as the winner will take all. This is why XAI is already renting compute to Anthropic. This goes as well without saying that in few years, compute pricing will drop heavily. Another effect is increased inequality in the US and other West…
Wait but then in your scenario wouldn’t the companies going out of business simply sell their data centers to the winning companies?
Re: What will our economic future look like?
#257For me the ideal scenario would be us having humanoid robots with AI.
This would free up so much time for me and even in the worst case if I lose my job, I can live in village side growing my own food and being fully self sustained with the help of humanoid robots and solar energy. That would actually be a dream come true
Re: What will our economic future look like?
#258Watch Ann Droid on the Beeb for a dark but funny prediction of what it will be like wrt to nursing care for the elderly.
I binged watched it and loved it. A humanoid robot like that would be amazing to have when I get older, certainly better than having a son like Michael
Re: What will our economic future look like?
#259> As the nurse incorporates AI into her job, the nurse is able to oversee and accomplish more. She can spend more time talking with patients and helping them understand diagnoses. Productivity increases. This feels economically naïve.. If AI lets one nurse do the work that previously required two, the default pressure in a cost-driven system is not "great, now nurses can spend twice as long with patients" It is "grea…
I know this is just an example, but I'm going to say this every time the subject comes up: since human lives are the cost of making the wrong decisions, AI can't be allowed to be a decision maker of any kind in healthcare. If my blood pressure crashes because my nurse is caring for 15 patients at once and didn't notice that the AI decided to pause my norepinephrine, I won't consider "the AI did it" to be any acceptab…
"A computer can never be held accountable; therefore, a computer must never make a management decision." - IBM, 1979
I'd say society's, or maybe executive's, viewpoint has shifted on this.
Re: What will our economic future look like?
#260Earlier quoted context omitted.
If you want to know what flying first-class 50 years ago was like (and you live in southern California, and you have money to burn) you can try the Panam Experience ( https://panamexperience.com/ ). It's a replica of a Panam 747, together with a "crew" in period-correct costumes, that tries to recreate the entire experience of flying in the 1950s. (Bearing in mind that the plane is a replica, located on a soundstage.…
That sounds a bit weird, the 747 didn't enter commercial service until 1970. A 1950s flight experience would have been on something with piston engines and propellors, like a DC-6 or a Super Constellation. Noisy, turbulent, and not particularly safe by modern standards.
That's because the 1950s were seventy years ago, not fifty, which only brings you back to the 1970s.