www.smh.com.au/world/north-america/nearly-half-of-us-firms-using-ai-say-goal-is-to-cut-staffing-costs-20240629-p5jpsl.html
Nearly half of US firms using AI say goal is to cut staffing costs
Artificial IntelligenceView all comments
It's time to start cutting on working hours and prepare the grounds for socio-economic changes we will need in a future where AI replaces most, and eventually all work.
Somehow I’m pessimistic about this ever happening in the U.S.
20 hours work weeks in Europe ? Sure.
In the U.S. the extra productivity will go to more production, not a reduction in work hours, otherwise you’re leaving money on the table.
I understand the pessimism because our political/social/economic system is lagging behind the technology.
But do keep in mind that up until now technology was better then humans at certain jobs. It made some jobs obsolete, some goods cheaper, which made us all richer, so we could afford more services, which created new jobs.
This did f*** some groups of people at certain times, but overall we were all better off.
Now we are reaching a point when AI will be better and cheaper at all jobs. Old jobs will be made obsolete, but new jobs won't be created.
What happens when 25%, 50%, 75%, 99% people can't find a job?
Once you are past 10% unemployment the chances of civil war starts going up. I imagine by 30% we will start seeing assassinations and the like happening frequently.
Yup, most revolutions start due to economic problems.
Revolutions and civil wars can cost elites their heads, and can turn a country into shithole for everyone else.
These problems need to be solved before masses start demanding heads.