Earlier quoted context omitted.
When everyone working 40 hours they are getting paid a lot more. They can afford high rents and mortgages. Even as a software engineer I struggle with rent and don't leave much for savings. When a robot is doing low skilled jobs and education is insanely expensive like it is now, the gap is inevitable. Capital buys AI allowing one person to do the work of many and reap the rewards of it. America is built on this very…
well robots arent just doing low skilled jobs here. They are on the verge of replacing many white collaar jobs
The AI Threat Isn’t Skynet – It’s the End of the Middle Class
221–230 of 268 posts
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#222Earlier quoted context omitted.
The idea that giving someone just enough money to live will kill their motivation is insane. If that were true why do people still work 40+ hour weeks when they could be earning enough to live on just 15? Most UBI schemes are initially targeting around 1k per month which is nowhere near enough satisfy the vast majority of people.
It's also worth noting that $1K per month for all US citizens would represent materially more than 100% of the current federal tax. US Citizens: Couldn't find a readily available reliable source, so I'll use residents instead. Should be close enough for this math though I'd imagine this would be more likely a citizen program rather than a resident program. US Residents: ~325 million Federal Tax Revenue 2016 - ~3.27 t…
If robots don't end up making society incredibly wealthy and more unequal then there's no point in UBI to begin with. So it doesn't make sense to simply look at current figures.
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#223Earlier quoted context omitted.
They weren't. All of the things the OP listed resulted in dramatic (and often very disruptive and painful) changes for the Middle Class. Personally, I hate the whole "people have been saying this forever" type dismissals. They are "mid-brow", as PG would call it: they look intelligent on the surface by giving the illusion of a broader perspective, but don't actually address the point being brought up and don't add an…
I don't see how they don't address the point being brought up. They explicitly point out past scenarios where these sort of predictions were wrong. I think the peddlers of these predictions are disingenuous and intellectually lazy. If they want others to take them seriously they need to explain why their predictions don't fall under the same criticisms.
Horses are still around, but the population peaked around the turn of the century (19th-20th).
How good does automation have to get before large portions of the population find themselves in the same position as early 20th century horses.
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#224Earlier quoted context omitted.
> It's funny how boredom, vice, and the indignity of receiving income without continual labor loom in importance if and only if we're talking about technological unemployment. What of people receiving Social Security, pensions, inherited wealth, royalties from patents and copyrights, rents collected on real estate...? It is largely a desire for a control mechanism where the sheep are inherently dependent on the mecha…
LOL. Millions of young men with housing and food and nothing to do. You just described a standing army.
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#225Earlier quoted context omitted.
It's also worth noting that $1K per month for all US citizens would represent materially more than 100% of the current federal tax. US Citizens: Couldn't find a readily available reliable source, so I'll use residents instead. Should be close enough for this math though I'd imagine this would be more likely a citizen program rather than a resident program. US Residents: ~325 million Federal Tax Revenue 2016 - ~3.27 t…
Well, we're imagining a world where robots have made us vastly richer. (Self-driving cars! 100% automated factories!) Stark increases in inequality will also mean that more of the US' total income is given to the highest earners, i.e. those with the highest tax brackets. So we'd collect quite a lot more in taxes even if we left current rates completely unchanged. If robots don't end up making society incredibly wealt…
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#226Earlier quoted context omitted.
The amount of money someone can make in our economy as an artist isn't a reflection of how much art we "need." Art in particular is not a commodity that society can just have enough of. And in general, the price something fetches in our economy isn't always a reflection of its value to society. See: salaries of social workers, emergency medical technicians, etc.
Everything, including art, follows supply and demand. Value is the point where they meet. Salaries of social works and EMTs are where the supply of those positions meet the need for those positions in any certain area. Art has a defined supply and demand, where the supply is high and demand is low (probably due to the fact you can buy copies of famous masterpieces for very cheap).
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#227That threat has many thinkers entertaining the idea of a universal basic income, a guaranteed living wage paid by the government to anyone left out of the workforce. But McAfee believes this would only make the problem worse, because it would eliminate the incentive for entrepreneurship and other activity that could create new jobs as the old ones fade away. Others question the psychological effects of the idea. “A u…
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#228That threat has many thinkers entertaining the idea of a universal basic income, a guaranteed living wage paid by the government to anyone left out of the workforce. But McAfee believes this would only make the problem worse, because it would eliminate the incentive for entrepreneurship and other activity that could create new jobs as the old ones fade away. Others question the psychological effects of the idea. “A u…
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#229Wouldn't you rather have a community and a meaningful life than be a meat-based beta version of a future AI?
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#230Earlier quoted context omitted.
foglets perhaps will do the trick https://en.wikipedia.org/wiki/Utility_fog
one step from gray goo then though https://en.wikipedia.org/wiki/Grey_goo