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If A.I. takes most of the jobs, who is going to buy anything?

2PhiloVoid

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So, are corporations really thinking through the long term logistics involved in their financial status if over half of U.S. jobs are replaced by A.I.?

I don't know. But I'm listening to those who think they know .............


If AI Takes All Of Our Jobs... Who's Going To Buy Everything?​

 
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Nithavela

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The assumption is that if they don't do it, someone else will. It's the classic prisoner dilemma.

Some people say that there will be universal basic income and that we will live in a post scarcity society. Others believe that we'll end up with a small ruling class, their underlings who do the few jobs AI can't do and the poor masses that are either left to fend for themselves or simply exterminated.

But for the foreseeable future, there will be many jobs that AI can't do. They just don't include most applications where one sits in a cubicle and types on a keyboard. And really, is that such a big loss?
 
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2PhiloVoid

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The assumption is that if they don't do it, someone else will. It's the classic prisoner dilemma.
But does each corporation at this moment think they'll be the economic survivor over the next several years as they each implement A.I. and displace the middle-class? As the video asks, "Who do they think is going to buy their sh...tuff?"
That's all rose colored stained glass window dressing, isn't it? (Not really-------I'm being tongue-in-cheek).
But for the foreseeable future, there will be many jobs that AI can't do. They just don't include most applications where one sits in a cubicle and types on a keyboard. And really, is that such a big loss?

Are the "many" jobs that a.i. won't be able to do full-time opportunities, with low start up costs and time preparation for the potential employee?

I mean, personally, I'm laid off at the moment, and being that I'm severed not only from a job but from further money expenditures by which to take any additional classes or certifications, I frankly don't know what the hell I need to learn or do. (I'm sure someone out there will be glad to hear this...........................)

I hope various corporations realize they're losing a customer, not from any recognition of their having given me bad service but from my not being able to acquire a solid job..... now. I'm sure they'll all say they're sorry to hear that and then promptly place the blame on my shoulders for my current misfortune instead. I guess I'll be grabbing the next dishwasher job available at the local restaurant, before all of the other laid off folks do.
 
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Pommer

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Some people say that there will be universal basic income and that we will live in a post scarcity society.
The new “oh goodness, we’re running out of” commodity will be potable water.
This is the reason for the push for Canada to join the USA, the Great Lakes will supply much of the rest of the world’s potable water and prices will only rise.
 
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2PhiloVoid

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Somehow, I don't think the corporation leaders are going to heed the watchmen, not that I've been surprised by any of their corporate decisions of late (or those of the past 400 years). It'll be interesting to see their responses when their billion dollar companies begin to fail while they thought they could ride out the storm.
 
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Hans Blaster

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"AI will take yur jerbs" is what you get when you believe the AI hype and you are a paranoid pessimist.
 
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2PhiloVoid

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"AI will take yur jerbs" is what you get when you believe the AI hype and you are a paranoid pessimist.

Are you implying I'm a paranoid pessimist? How sweet of you.
 
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2PhiloVoid

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The author of the YouTube video is or is trying to get clicks from same. I leave the judging of you to you.

Thanks, Hans. I never did think I was a pessimist. Paranoid? Yes. But a pessimist, no.

Here's the thing, however: I'm looking at youtube, and I'm seeing all sorts of podcasts and vids that reflect the concerns of the OP video, and in which A.I. executives, current and former, are sounding off with concern, such as the following one:


Now, the questions of the OP remain: If A.I. displaces a large percentage of jobs over the next several years to decade, who do these corporations think will be left to buy their products?
 
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timewerx

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"AI will take yur jerbs" is what you get when you believe the AI hype and you are a paranoid pessimist.
I don't like clickbaits as well and such videos will surely get a "don't recommend channel" response from me.

However, some of the hype is partially true. I've been exploring the use of open source, local machine (offline) AI programs to potentially use and help me in my work as my ability to make income is rapidly diminishing coming at the worst possible time when I barely have enough to eat and I'm not intelligent enough to work as programmer.

My work is mostly just involved with Excel spreadsheets and some work photoshop and logos. Analysis and automation work. I tested the AI on some past jobs and seemed like it generated the scripts of better quality than I did and much faster too.

And just out of curiosity, I asked it to do jobs I have no experience like in software development, the work of computer programmers. Not only it generated codes for me I never learned my entire life, it also told me how to setup my computer to be able to run the codes as well as convert them into standalone apps. Something that would probably take me several weeks to learn, the AI made it possible in less than a day!

I followed its instructions and was able to accomplish the goals it set for me. Ironically, if the code it generated had errors, I was able to make the same AI debug the code and fix it as well. Fixing the problem in way less time I fix problems on jobs I do know how to fix.

I still had to use the Google search engine when the AI missed out on a few details. However, I wouldn't have gone underway at all without the AI "rolling the dice". I wouldn't even be making the right questions.

My point is while AI can't replace people entirely, my brief experience showed, it has the work output of more than 1 person with that person working at maximum efficiency.

Moreover, AI enabled me, a low wage worker, to accomplish jobs of much higher paid software developers. AI can't eliminate people on the workforce but with AI, you only needed much fewer workers and even low wage workers.

Ironically, even people working on IT fields are not secure at keeping their jobs when AI use became widespread.
 
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public hermit

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I think corporations are solely interested in profits, and if AI is cheaper, they will use it in place of humans, even if it's not better at the task. Some that have embraced AI for some tasks have already reversed course, to some extent. I assume that's to be expected.


I don't think AI, as it stands, is ready to replace humans, and it could be that it will never replace some human functions, functions which seem simple to us but seem to boggle the best systems out there. What I find most concerning is that we really don't understand the details of how LLMs make decisions. That's a huge safety concern. Here's an interesting article on trying to make sense of a production grade LLM. I think we will develop more systems that we simply won't understand, and won't be able to control.

 
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bèlla

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The watchmen aren’t for them. They were sent on your behalf to prepare believers and those with an ear to hear. Why do you think their companies will fail? They made a killing during the pandemic and small businesses took the hit. Much like they’re doing now with the tariffs.

Corporations are in the know and privy to information well before it reaches the public. For example, Jamie Diamond is the CEO of Chase. He made public statements about Bitcoin and called it a scam and the price dropped. Once it did he was buying it up behind the scenes in secret while convincing the public to do otherwise. When they starting touting Bitcoin it was over a $100K per share. They didn’t tell you to get in when it was cheap and they were buying. That’s why wealth doesn’t trickle down.

But the market moves astrologically. Take that and run with it. ;-)

~bella
 
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Hans Blaster

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A. The corporations don't care, nor is foresight their forte.
B. The "AI will take all the jobs" is just a bit of unwarranted hype about AI, turned to fear and loathing.
C. There are plenty of "AI hypemen to choose from" that produce videos that assume AI is very useful and powerful and will "disrupt everything". It is a more useful technology than blockchains.
 
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2PhiloVoid

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I'm only inferring a big 'if' here, not that I know they'll fail.

On another level of inference, I wouldn't expect them to fail, but I'm not going to talk about that here.
 
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2PhiloVoid

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Right, I don't think A.I. is going to replace humans themselves, but it likely will replace many jobs. I guess we'll see what happens in the wash.
 
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timewerx

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You can use automated grid to workaround that issue and even profit from the volatility.

I made 50% growth in just 6 months in the volatile election season of last year (it would be substantially less growth in less volatile seasons). Ironically, I only have a tiny amount invested and it's almost gone now (used to pay bills).

I have my own grid design and setup and generates profits more reliably and allows you to withdraw some of the funding and compound earnings without having to sell/reset positions.

I'm moving away from trading because you need money to generate/compound profits and I have run out of it. I haven't shared anyone my design yet because I'm thinking of making some profit from it when I break ground of being able to generate a revenue from my channel and I'll add trading to my content.

Ironically if every trader in the world adopts low risk grid strategies, no shorting, no leverage, price action of stocks and cryptos will "flatline" especially cryptos. Stocks would still demonstrate an uphill trend but way more smoothly. Everyone will be less vulnerable to crashes but will also generate less profits. Winners generally profits from the losers even if you're using non-forecasting/trending automated trading strategies. I'm not entirely comfortable with it so I may not return to trading.
 
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Pommer

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One thing I think of is the jobs done by illegal immigrants will continue.
America has always an an underclass.
It’s downright egalitarian to shed our dependence on such people, but simply deporting them opens other cans-of-worms.
 
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Nithavela

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America has always an an underclass.
It’s downright egalitarian to shed our dependence on such people, but simply deporting them opens other cans-of-worms.
The underclass always gets kicked out of the workforce when they are no longer needed, without thanks or an improvement in status. Just like women after wars have to get back to the kitchen.
 
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