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| You're kind of both right I think. It is efficiency, but it's a level of efficiency gain that's hard to fathom.
The key point in your last post is "efficiency means less jobs in some areas" - problem is it's not some areas, its vast swaths of the economy.
In the past it seems to have been one sector being replaced at a time, or if a vast enough change happens the new industry brings with it as much or more opportunity than what it replaced.
Draw a parallel to the combustion engine. It destroyed the need for horses. Breeders, shoers, etc all saw their jobs disappear quickly. But, there was a new industry to replace them. There was a greater need for production, distribution, sales, and maintenance of engines and engine driven things than what ever existed for horses.
Where do those driven out by AI go? Say anything to do with driving or data entry is taken over by AI in the next 10 years. That has to be at least 10% of all jobs. Where do these displaced people go? What industry is will suck up these workers at competitive wages? | |
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Labor
