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'

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.

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

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

The thing with the videogame market is that" whales" aren't exactly just a bunch of rich people playing. They're also a lot of people with gambling addiction playing games specifically designed to exploit their weaknesses like an unregulated casino would, and sink them into financial ruin.

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

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.

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.

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?

Everyone always skips a crucial detail that separates AI and generalized machine automation from past automation. Past automation fulfilled a specific task, and every task needed a separate machine. That meant automation occurred slowly, and only at the pace new things could be made and new industries popped up (no one was automating industries that didn’t exist yet. This wave of automation has the potential to not only automate existing jobs, but ALSO automate any new industries that pop up as a result. There’s no “the call center shut down, so people moved on to the next service industry job”. It’s now “We’re sorry, but all new tasks will be handled by automation. That new field that just popped up? Automated.” Labor value is about to plummet, and no amount of specialization or new industry will come into existence to replace it that can’t already be automated.

"Sounds like a problem for next quarter" - shareholders and CEOs

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.

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.

If people doesn't have job, people doesn't have money. If people doesn't have money, people doesn't buy stuff. Even rich people, also get money from your average guy who buy products from their companies. Regular people have less money to spend is bad for everyone.

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.

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

Contradiction of capitalism, the consumers who you need to buy stuff are also the workers you dont want to pay wages, which leads to less consumption

So basically the system is just going to turn into a circle jerk of rich people scamming each other until theres only 1 ultimate scammer left 😂