Well at least we have a representative democracy with checks and balances, I’d be terrified what that kind of structure would do in the hands of an authoritarian.
Clearly all these sorts of companies are only using staff until they are able to replace with robots. Not a bad thing as also, clearly the job sucks but as many others have pointed out, what happens when products you buy are made by robots and distributed by robots with no humans involved. Who will have the income to buy? I am not seeing evidence of UBI coming in a serious way despite a few small successful pilots. Someone in the government better be ready to support these workers are their days are numbered
You’ve almost figured it out with this question: billionaires will.
If prices go too high, most people can’t pay, so
Prices go down, but
Wealth has been massively concentrated amongst a small number of people, and
If a pair of socks costs $40,000, one purchase can make up for thousands, therefore
Robots which don’t need pay or sleep making basic necessities like food and clothing and electricity can replace the workers in those industries, and
The economy can continue with many fewer participants.
So where does that leave us? Why, in the ground old chum!
To be clear, I don’t think this is going to happen for a while if it does, and it’s far from guaranteed. There’s a lot of enthusiasm around AI right now, particularly for the “Figure.01” OpenAI demo; we’ll have to see if that lives up to the hype.
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