Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The latest breakthroughs in artificial intelligence could lead to the automation of a quarter of the work done in the US and eurozone, according to research by Goldman Sachs.

The investment bank said on Monday that “generative” AI systems such as ChatGPT, which can create content that is indistinguishable from human output, could spark a productivity boom that would eventually raise annual global gross domestic product by 7 percent over a 10-year period.

But if the technology lived up to its promise, it would also bring “significant disruption” to the labor market, exposing the equivalent of 300 million full-time workers across big economies to automation, according to Joseph Briggs and Devesh Kodnani, the paper’s authors. Lawyers and administrative staff would be among those at greatest risk of becoming redundant.

https://arstechnica.com/information-technology/2023/03/generative-ai-set-to-affect-300-million-jobs-across-major-economies/

Assuming this comes true and 25% of the jobs in the US are replaced by AI, how do those people make money/make a living? if they don't who will buy all the junk that is stocked at stores like costco, bestbuy, safeway etc? If the answer is no one, how will those companies stay afloat? If they can't what does that do to the companies that depend on selling software (including AI) to those companies? To the global economy that pretty much depends on exports to US and EU to grow?

If 25% of the workforce is laid off (and no, the vast majority of them don't want UBI or other handouts) that would be the end of the US economy, and by extension, the global economy.. There will be blood on the streets (and not figurative kind that Warren Buffet talks about). I don't think Governments will allow this.

UBI is not considered a handout--it's a recognition that our collective culture produced technological advances that afforded wealth and that everyone should be paid a dividend. If everyone's basic needs are met, people who want to work can find work that is fulfilling and pays low or be paid very well for the existing jobs that really need to be done. I think people need to seriously consider this--there aren't good alternatives.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The latest breakthroughs in artificial intelligence could lead to the automation of a quarter of the work done in the US and eurozone, according to research by Goldman Sachs.

The investment bank said on Monday that “generative” AI systems such as ChatGPT, which can create content that is indistinguishable from human output, could spark a productivity boom that would eventually raise annual global gross domestic product by 7 percent over a 10-year period.

But if the technology lived up to its promise, it would also bring “significant disruption” to the labor market, exposing the equivalent of 300 million full-time workers across big economies to automation, according to Joseph Briggs and Devesh Kodnani, the paper’s authors. Lawyers and administrative staff would be among those at greatest risk of becoming redundant.

https://arstechnica.com/information-technology/2023/03/generative-ai-set-to-affect-300-million-jobs-across-major-economies/

Assuming this comes true and 25% of the jobs in the US are replaced by AI, how do those people make money/make a living? if they don't who will buy all the junk that is stocked at stores like costco, bestbuy, safeway etc? If the answer is no one, how will those companies stay afloat? If they can't what does that do to the companies that depend on selling software (including AI) to those companies? To the global economy that pretty much depends on exports to US and EU to grow?

If 25% of the workforce is laid off (and no, the vast majority of them don't want UBI or other handouts) that would be the end of the US economy, and by extension, the global economy.. There will be blood on the streets (and not figurative kind that Warren Buffet talks about). I don't think Governments will allow this.

UBI is not considered a handout--it's a recognition that our collective culture produced technological advances that afforded wealth and that everyone should be paid a dividend. If everyone's basic needs are met, people who want to work can find work that is fulfilling and pays low or be paid very well for the existing jobs that really need to be done. I think people need to seriously consider this--there aren't good alternatives.

Anonymous wrote:

Anonymous wrote:The latest breakthroughs in artificial intelligence could lead to the automation of a quarter of the work done in the US and eurozone, according to research by Goldman Sachs.

The investment bank said on Monday that “generative” AI systems such as ChatGPT, which can create content that is indistinguishable from human output, could spark a productivity boom that would eventually raise annual global gross domestic product by 7 percent over a 10-year period.

But if the technology lived up to its promise, it would also bring “significant disruption” to the labor market, exposing the equivalent of 300 million full-time workers across big economies to automation, according to Joseph Briggs and Devesh Kodnani, the paper’s authors. Lawyers and administrative staff would be among those at greatest risk of becoming redundant.

https://arstechnica.com/information-technology/2023/03/generative-ai-set-to-affect-300-million-jobs-across-major-economies/

Assuming this comes true and 25% of the jobs in the US are replaced by AI, how do those people make money/make a living? if they don't who will buy all the junk that is stocked at stores like costco, bestbuy, safeway etc? If the answer is no one, how will those companies stay afloat? If they can't what does that do to the companies that depend on selling software (including AI) to those companies? To the global economy that pretty much depends on exports to US and EU to grow?

If 25% of the workforce is laid off (and no, the vast majority of them don't want UBI or other handouts) that would be the end of the US economy, and by extension, the global economy.. There will be blood on the streets (and not figurative kind that Warren Buffet talks about). I don't think Governments will allow this.

Anonymous wrote:The latest breakthroughs in artificial intelligence could lead to the automation of a quarter of the work done in the US and eurozone, according to research by Goldman Sachs.

The investment bank said on Monday that “generative” AI systems such as ChatGPT, which can create content that is indistinguishable from human output, could spark a productivity boom that would eventually raise annual global gross domestic product by 7 percent over a 10-year period.

But if the technology lived up to its promise, it would also bring “significant disruption” to the labor market, exposing the equivalent of 300 million full-time workers across big economies to automation, according to Joseph Briggs and Devesh Kodnani, the paper’s authors. Lawyers and administrative staff would be among those at greatest risk of becoming redundant.

https://arstechnica.com/information-technology/2023/03/generative-ai-set-to-affect-300-million-jobs-across-major-economies/

Anonymous wrote:Are all of these Chicken Littles sponsored by the PRC to freak out the American populace? You remind me of the people who freaked out when computers replaced typewriters. Learn from history

Anonymous wrote:Robots might keep us around as pets.

Anonymous wrote:On the computing front, quantum computing will make today’s supercomputers look like ka-ching cash registers of the 1970’s. (Some of us might be old enough to remember.)

Anonymous wrote:We're all f'ed.