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

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Every company will play the race to the bottom game: Our competitors are using AI to reduce costs, so we must do the same. Literally no one is asking who the customer will be if masses are unemployed because the thinking is still 'well, someone else will buy it'

The biggest bang for the buck… err how to “maximize shareholder value” would be to replace the entire executive board at any major company with AI.

“AI will make money meaningless”- random AI bro

Serious question, Fremium only works in videogames because of how videogames require no additional manufacturing or costs to support a larger audience, so supporting free players is dramatically cheaper. Buy if we are applying this to like, buying couches, housing utilities, etc, are cities gonna start selling premium water? premium electricity? premium furniture so they can show off their gold trim couch to the F2P plebian couch users? Fremium makes sense in videogames but no sense IRL because real people consume actual resources, not just free steam keys.

it's kinda what we are seeing in the car markets all over the world, car manufacturers have basically doubled the price of their products and killed the production of budget friendly vehicles, they are basically catering the more profitable top 10% and everybody else is left on used cars

Crazy how companies now are scrambling to try to fix a problem they themselves created back in the 1950s

Working in 3PL, you see the cyclical nature of the economy all in the same building. A printer manufacturer ships to the corporate office of a polycarbonate supplier who ships to a factory of a washing machine manufacturer who ships to major appliance retailers and so on. Every organization depends on the other in the grand scheme, and that includes their employees both in terms of their needs at work as well as their needs outside of work. Corporate types are suffering delusions when they pressure the organizations they pay to reduce headcount but maintain their own jobs. They imagine a world where AIs will send them Excel files. Somehow they alone will be granted a reprieve to collect a salary doing something that's easily automated.

You can actually take AutoGen and automate away most middle-management and even upper-middle management tasks almost on a whim, but it never gets implemented because the middle managers always shoot it down.

The automation endgame is that the people who control the robots eliminate everyone else, with just a relative handful of people living in sumptuous luxury. Why keep everyone else around, using up all those resources just to sustain their lives?

The mentality that "New Jobs will always replace the ones lost to Automation" has two big caveats: 1) The new jobs created aren't guaranteed to pay better than the ones eliminated. 2) If you want to keep your job against the pressures of Automation, you lose all negotiating power for pay or work hours. Wage stagnation is inevitable.

Best case scenario we would all be scientists; worst case scenario corporations cooperate and deliberately stifle competition in order to hire less scientists and we end up with cyberpunk.

Fun fact, the US Air Force has a contract out for bid to network the entire Air Force. From minute man missiles to F22s. This is a isht idea, but it's happening

Hilarious that this video, probably weeks or even months in production, comes out hot on the heels of EA backtracking on the amazingly stupid choice of taking away the free part of the freemium model on their highest-revenue title. EA backtracked under investor pressure, which only happened thanks to player pressure - not from the huge chunk of the free player base that would be lost, but because whales were threatening to quit. It is somewhat important to note that the model for generating whales is interesting - they do not offer in-game advantages in their paid content. They instead directly partner with streamers and content creators and contract them to always buy everything in exchange for elite treatment such as preview access to new content, or rights to produce and own promotional content. They then generate hype for the paid content by broadcasting it, and can freely say it is their job to buy everything.

For a short time I worked at a factory where I did something by a conveyor belt because the machine that did it wouldn’t fit in the building

Instead of having a universal basic income, why not have people’s universal basic needs met. Space being allocated for apartments rather than parking lots and more efficient use of other land

quarterly results are more important than long term planning and sustainability. thats the world we live in. if even boeing can save on q.a to save some bucks, so do most other companies, even if it means losing out on potential sales in the future due to customer dissatisfaction. the same thing will happen with employment based purchasing power and ai.

Honey, wake up! HowMoneyWorks dropped a new video showcasing the dystopian future we are inevitably heading towards!!!

WE'RE MAKING IT OUT THE WAREHOUSE WITH THIS ONE 🔥🔥🔥🔥🔥🔥

what about replacing those with largest salaries... like CEOs etc?