AdditionalPizza OP t1_its6yvg wrote on October 25, 2022 at 10:24 PM

Reply to comment by [deleted] in With all the AI breakthroughs and IT advancements the past year, how do people react these days when you try to discuss the nearing automation and AGI revolution? by AdditionalPizza

So you think companies will choose to increase output infinitely while AI improves, rather than save money on wages? There's only so much productivity to be had when something you're selling has a limited customer base. It'd be a weird world where we all still have to work even though we have an over abundance of material goods, living standards, and wealth.

Djaii t1_itsbhi8 wrote on October 25, 2022 at 10:58 PM

Please… what else do you think everyone will do? Just enjoy all of the leisure time?

AdditionalPizza OP t1_itsds1o wrote on October 25, 2022 at 11:15 PM

I honestly have no clue. Predicting the economy is impossible, especially when you can't really predict the variables. I'm looking for an answer that makes sense instead of the same ideas that don't.

It doesn't make sense to increase productivity and output in tandem with humans infinitely. Not only will AI have much higher intellect than humans, most humans won't be able to do highly intellectual jobs. So that leaves labour and skilled positions that AI haven't been able to automate and only a handful of people can do. The labour careers won't have high salaries, especially if they could be replaced with automated systems but it's just due to cost.

So we will live in a world where the majority is working low wage, unskilled jobs while companies produce an over-abundance of products that people can't afford? Who will their customers be?

You could argue automation would decrease prices, but that decreases prices of robots because they're essentially a product to be produced, and that makes low skilled labourers' cost more than automation.

I haven't heard much that's more convincing than just enjoying leisure time, even though that feels like a pipe dream.