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At a minimum it will automate which will increase productivity and almost certainly increase aggregate supply. In a more AI maximal case it will solve new prob
by GreedClarifies 3y ago
At a minimum it will automate which will increase productivity and almost certainly increase aggregate supply.
In a more AI maximal case it will solve new problems, the increase in GDP from this case is very large.
- katbyte 3y agoYou didn’t address the main issue asked about: what happens with all the people out of work?
- aurareturn 3y agoWhat happened when electricity put so many manual laborers out of work?
- hhjinks 3y agoThat's not what they're asking. What happens to the individuals if AI can automate a large portion of service jobs? A lot of people who lost their jobs due to disrupting innovations never managed to return to their previous income level. And regardless, how does society survive a potential collapse of employment in the service sectors? The service industry employs ~80% of the employed population. If "just" 50% of service jobs can be automated, you've got ~60 million people losing their livelihood in the US alone. New jobs don't spring up overnight, especially if humans are redundant in the service industry. What happens to those 60 million people?
- aurareturn 3y ago60 million people aren’t going to lose their jobs overnight. It’ll be a long process.
- cwalv 3y agoThey can keep working, just more effectively
- jonkho 3y agoChatGPT will automate what valuable tasks, exactly?