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TheSensibleTurk t1_jdnrpor wrote

Congress can and will pass legislation to ensure a US based company can't replace more than an X percentage of workers with AI. Or some other formula to ensure AI won't threaten economic stability. In order for a company to make a profit, consumers have to be able to at least afford credit.

If, in the future, population starts shrinking like in Japan and this poses economic threats of its own, then AI can be utilized to a greater degree.

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simmol t1_jdossqe wrote

It might be the case that US based companies cannot compete with other non-US companies that do not have this restriction. I suspect that labor costs are significantly high enough in the total budget to make a difference. Moreover, I just think US as a whole would decline significantly if you have millions of people who are essentially working as some sort of an unnecessary prop just so that the system remains in tact. It might be better than the alternative of massive unemployment but just doesn't seem like a satisfactory solution.

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TheSensibleTurk t1_jdp0gua wrote

Other countries will impose similar rules as well. No country, not China, not North Korea, can survive massive unemployment. Profit requires consumers who can afford to consume.

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