Anonymous wrote:AI is a sloppy mess. My hope is it will be over in 5 years.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Today, NVDA's market cap reached 5 Trillion dollars, there are a lot of people who have made tons of money off of NVDA, myself included. However, as I was reading the NVDA reddit forum, I was wondering that we have 2 classes now, one class of people who have the funds to invest in the market and make money and the others who not only can't participate in the stock market AI boom but also are losing their jobs to AI. The situation as it currently stands is unsustainable, I am not hearing any properly thought out arguments as to how do we plan to managing disruption to society on such a large scale.

It's really the tale of two cities and that did not end well for the haves. I am a naturalized citizen, I left my country because middle class in America was solid and strong, it hurts me to see that what I left behind is now becoming the reality here. One one hand people are losing access to food stamps or losing jobs, on the other hand people making lots of money in stock market or in other recession proof careers, the gap is widening and it's heartbreaking. Americans elected to put billionaires in charge of the economy and their future, what could go wrong?

I’m a US citizen who spend the first part of my life in a country with an incredibly large and strong middle class… it’s been sad for me to see the U.S. killing its middle class off. The masses of the poor and very poor are increasing. Millions are one or two paychecks away from a food bank.

Meanwhile there are no limits for the well off, also a very large group. We have extravagant and expensive places, and people are paying for it, they have made so much money over the last decade.

The forward march of AI, and robotics, the inability to leverage debt like in the past, and the increasing exclusion of the middle class from higher education is already here. The biggest tax burden is shouldered by the middle class, too, and that situation is worsening in many localities. Soon it is just going to be the poor and the rich.

It’s not looking good, and I’m honestly not sure what can be done, and doubtful the will is there for a drastic change of course - that’s what it would take to save the middle class.

I agree with much of what you say, but this comment is not true. The top 1% of earners pay 40% of all taxes.

A massive problem though is that while the top 1% pay a large share...the top 0.1% do not because they have much of their wealth tied up in stock and other assets which are only taxes when capital gains are realized. They can do things like borrow massive amounts against this stock tax-free...and even tax an interest deduction on the borrowing. It is also worth it to this group to pay tax folks big $$$s to set up all kinds of tax-avoidance schemes.

You may not feel sorry for an investment banker or BigLaw partner making $1MM+...but that's not enough money to engage in the various schemes above and it's still W2 income...so they pay the taxes.

Anonymous wrote:Everyone needs to calm down. Social media and the spread of information to the masses is just making everyone crazy.

The next available dental cleaning is in Feb
My bikini waxer is booked solid for 2 weeks
Custom sofa takes six months to receive
Hotels are booked up
My hair stylist is booked solid through the holidays
Dermatologist booked solid

Not to mention I’m practically working from the minute I get up until I go to bed. There is so much room for improving our QOL and how we spend our time.

Anonymous wrote:With the trillions of dollars companies will now make by eliminating humans and replacing them with AI, these companies should pay a universal income/salary to people who would otherwise have had entry level and managerial jobs that don’t exist anymore.

This is where we are. You can’t make a living anymore with a good paying stable job. It’s not available anymore. AI should be regulated. This is already not working out. Where are people supposed to go to get their foot in the door now and make a decent living when everything is being taken over by companies that make more money than they actually need?

And guess what, consumers aren’t going to be able to buy what they offer anyway since so many of us are already unemployed and underemployed.

Anonymous wrote:I am not clear on how AI will replace doctors, lawyer, engineers, electricians, plumbers.
These professions require a license to practice and the professional liability insurance rates are high. Plus, one can lose the license with shoddy, unethical work.
What client will want AI to represent them in high stakes negotiations?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:With the trillions of dollars companies will now make by eliminating humans and replacing them with AI, these companies should pay a universal income/salary to people who would otherwise have had entry level and managerial jobs that don’t exist anymore.

This is where we are. You can’t make a living anymore with a good paying stable job. It’s not available anymore. AI should be regulated. This is already not working out. Where are people supposed to go to get their foot in the door now and make a decent living when everything is being taken over by companies that make more money than they actually need?

And guess what, consumers aren’t going to be able to buy what they offer anyway since so many of us are already unemployed and underemployed.

If you aren’t encouraging your teens to consider the following types of professions, the economic fate of your children is on you.

Athletic Trainer
Carpenter
Chef
Child Care Worker
Dentist
Doctor
Electrician
EMT
Firefighter
HVAC
Human Resources
Lawyer
Mechanic
Mental Health Practitioner
Nurse
Occupational Therapist
Paramedic
Personal Trainer
Physical Therapist
Plumber
Police Officer
Public Relations
Sales
Social Worker
Speech Pathologist
Teachers
Veterinarian

HVAC, mechanics, and all of the skilled trades are already being reduced to “techs” as PE is taking over the space.

The computers will take care of the high skilled diagnostic work (already happening for cars), and leave the humans to do the physical labor for incredibly low pay.

Yes, the big conglomerates buy up local businesses, keep the name, but raise prices and become more predatory and less reliable to their customers. Bob’s Family Plumbing will still advertise that it’s a 40-year-old family business, but now it’s owned by a large corporation that provides less honest and more expensive service. This happened to the pest control and HVAC company I use.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:With the trillions of dollars companies will now make by eliminating humans and replacing them with AI, these companies should pay a universal income/salary to people who would otherwise have had entry level and managerial jobs that don’t exist anymore.

This is where we are. You can’t make a living anymore with a good paying stable job. It’s not available anymore. AI should be regulated. This is already not working out. Where are people supposed to go to get their foot in the door now and make a decent living when everything is being taken over by companies that make more money than they actually need?

And guess what, consumers aren’t going to be able to buy what they offer anyway since so many of us are already unemployed and underemployed.

If you aren’t encouraging your teens to consider the following types of professions, the economic fate of your children is on you.

Athletic Trainer
Carpenter
Chef
Child Care Worker
Dentist
Doctor
Electrician
EMT
Firefighter
HVAC
Human Resources
Lawyer
Mechanic
Mental Health Practitioner
Nurse
Occupational Therapist
Paramedic
Personal Trainer
Physical Therapist
Plumber
Police Officer
Public Relations
Sales
Social Worker
Speech Pathologist
Teachers
Veterinarian

I would think law firms are going to be impacted in a big way by AI. What do lawyers think?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:With the trillions of dollars companies will now make by eliminating humans and replacing them with AI, these companies should pay a universal income/salary to people who would otherwise have had entry level and managerial jobs that don’t exist anymore.

This is where we are. You can’t make a living anymore with a good paying stable job. It’s not available anymore. AI should be regulated. This is already not working out. Where are people supposed to go to get their foot in the door now and make a decent living when everything is being taken over by companies that make more money than they actually need?

And guess what, consumers aren’t going to be able to buy what they offer anyway since so many of us are already unemployed and underemployed.

If you aren’t encouraging your teens to consider the following types of professions, the economic fate of your children is on you.

Athletic Trainer
Carpenter
Chef
Child Care Worker
Dentist
Doctor
Electrician
EMT
Firefighter
HVAC
Human Resources
Lawyer
Mechanic
Mental Health Practitioner
Nurse
Occupational Therapist
Paramedic
Personal Trainer
Physical Therapist
Plumber
Police Officer
Public Relations
Sales
Social Worker
Speech Pathologist
Teachers
Veterinarian

HVAC, mechanics, and all of the skilled trades are already being reduced to “techs” as PE is taking over the space.

The computers will take care of the high skilled diagnostic work (already happening for cars), and leave the humans to do the physical labor for incredibly low pay.

Anonymous wrote:

Anonymous wrote:So because some people can't figure out which jobs are not going to be replaced with AI, we should just give them money to do nothing? Why didn't countries do that during the industrial revolution, when automation began to reduce the need for manual labor in many roles? Because it's a stupid idea which would merely encourage indolence instead of initiative.

There are new types of jobs developing all the time, and plenty of jobs which are largely unaffected or merely enhanced by AI. Just because you're blind to them, or too wedded to what you do now, or to what you used to do, is no reason for society to just start supporting you instead of you figuring out how to support yourself.

If you want to handle things like we did during the Industrial Revolution, you are either ignorant of history or a psychopath.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:With the trillions of dollars companies will now make by eliminating humans and replacing them with AI, these companies should pay a universal income/salary to people who would otherwise have had entry level and managerial jobs that don’t exist anymore.

This is where we are. You can’t make a living anymore with a good paying stable job. It’s not available anymore. AI should be regulated. This is already not working out. Where are people supposed to go to get their foot in the door now and make a decent living when everything is being taken over by companies that make more money than they actually need?

And guess what, consumers aren’t going to be able to buy what they offer anyway since so many of us are already unemployed and underemployed.

If you aren’t encouraging your teens to consider the following types of professions, the economic fate of your children is on you.

Athletic Trainer
Carpenter
Chef
Child Care Worker
Dentist
Doctor
Electrician
EMT
Firefighter
HVAC
Human Resources
Lawyer
Mechanic
Mental Health Practitioner
Nurse
Occupational Therapist
Paramedic
Personal Trainer
Physical Therapist
Plumber
Police Officer
Public Relations
Sales
Social Worker
Speech Pathologist
Teachers
Veterinarian

I would think law firms are going to be impacted in a big way by AI. What do lawyers think?

People aren't going to stop fighting

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:With the trillions of dollars companies will now make by eliminating humans and replacing them with AI, these companies should pay a universal income/salary to people who would otherwise have had entry level and managerial jobs that don’t exist anymore.

This is where we are. You can’t make a living anymore with a good paying stable job. It’s not available anymore. AI should be regulated. This is already not working out. Where are people supposed to go to get their foot in the door now and make a decent living when everything is being taken over by companies that make more money than they actually need?

And guess what, consumers aren’t going to be able to buy what they offer anyway since so many of us are already unemployed and underemployed.

If you aren’t encouraging your teens to consider the following types of professions, the economic fate of your children is on you.

Athletic Trainer
Carpenter
Chef
Child Care Worker
Dentist
Doctor
Electrician
EMT
Firefighter
HVAC
Human Resources
Lawyer
Mechanic
Mental Health Practitioner
Nurse
Occupational Therapist
Paramedic
Personal Trainer
Physical Therapist
Plumber
Police Officer
Public Relations
Sales
Social Worker
Speech Pathologist
Teachers
Veterinarian

I would think law firms are going to be impacted in a big way by AI. What do lawyers think?

Anonymous wrote:

Anonymous wrote:With the trillions of dollars companies will now make by eliminating humans and replacing them with AI, these companies should pay a universal income/salary to people who would otherwise have had entry level and managerial jobs that don’t exist anymore.

This is where we are. You can’t make a living anymore with a good paying stable job. It’s not available anymore. AI should be regulated. This is already not working out. Where are people supposed to go to get their foot in the door now and make a decent living when everything is being taken over by companies that make more money than they actually need?

And guess what, consumers aren’t going to be able to buy what they offer anyway since so many of us are already unemployed and underemployed.

If you aren’t encouraging your teens to consider the following types of professions, the economic fate of your children is on you.

Athletic Trainer
Carpenter
Chef
Child Care Worker
Dentist
Doctor
Electrician
EMT
Firefighter
HVAC
Human Resources
Lawyer
Mechanic
Mental Health Practitioner
Nurse
Occupational Therapist
Paramedic
Personal Trainer
Physical Therapist
Plumber
Police Officer
Public Relations
Sales
Social Worker
Speech Pathologist
Teachers
Veterinarian