Comment It reminds me of John Henry (Score 3, Interesting) 20
They're going to keep trying this and they're going to gradually improve it to the point where they can automate some tasks and where they can drastically improve performance. Also AI is going to take people who normally could not compete with you for jobs and provide them with a crutch that lets them compete. That will drastically increase the number of people you have to compete with in the job market.
This is what's driving me nuts about America we completely lack any sense of nuance or complexity. Either the AI job apocalypse takes all of our jobs and we are all broke and homeless or it's nothing to worry about carry on.
Instead what is likely to happen is that we're going to hit a tipping point where automation hollows out the middle class and we don't have enough people with disposable income to drive a capitalist economy causing a collapse into tax base and a general spiral into abject poverty for 95% of the population.
Long-term if the technology works out for the Epstein class they will replace everyone except a handful of engineers and a handful of thugs to keep the engineers in line. There's a well understood process for doing that used by guys like Vladimir Putin and Kim jong-un. It's a more advanced version of feudalism. What the cool kids called techno feudalism.
But short-term we already have a major crisis on our hands. The only people with significant disposable income in the US economy are the baby boomers and they are blowing through all that money on our healthcare system and just living their retirements and making it to 80 or 90 years old because of various drug cocktails. Current estimates are that only about 30% of the wealth held by the baby boomers will be passed on and most of that will go to a handful of individuals this proportionately.
So right off the bat in about 5 or 10 years we are not going to have the disposable income needed to keep our economy functional without major systemic changes we are not willing to do. Basically some form of socialism and wealth redistribution.
Instead it seems we're going to pretend they'll be magic future jobs that nobody can describe but somehow save us. But I don't see how we get there when virtually all of the energy on new tech in our society is being spent automating jobs away not creating new things. Literally trillions of dollars are being spent to free the Epstein class from the shackles of capitalism and having to sell their products to us and employ us.
It's not a doomsday scenario it's not cool like that. It's a gradual wearing down and breaking down of the social order and a return to the worst kind of societies where everything is built around glorifying and exalting a handful of kings and queens.