The top 10% of earners account for 50% of consumer spending.
As long as that’s the case nobody cares if anyone else can afford anything.
Later on the top 1% will start to extract all wealth from the 1-10% class. Then the 0.1% will do the same. Concentration of wealth will continue.
The rich. Corps. That’s who they are selling services to these days. Especially the AI stuff. You can’t afford AI. I can’t afford it. But the corp you work for can. The no longer care about us plebs.
And what about when we burn down the data centers?
They’ll imprison us and use us as cheap labor. At least in the US. Unless they kill us.
They will try that regardless of what you do.
Labour without workers. Somehow that’s their dream
Gen AI will do that in 10 years /s
They don’t want us: they want only business-to-business contracts: higher profit, less people.
Yes, there’s truth in that article, but the get-rid-of-the-peons current is much more significant than people understand…
& it’ll probably get guns, in the coming 7 years…
_ /\ _
The giant economy ouroboros will keep devouring itself while the rest of the world comes up with a different system, I suppose. At one point there might be entire parallel societies spanning around the globe. They physically exist within and around the ouroboros of the overly rich but they‘d barely interact with each other.
Who will buy your services if you fire us all?
the government, apparently
Okay, next question. Who funds the government if they fire us all? Because it certainly won’t be the billionaires who fired us.
Good question, billionaires by definition avoid taxes like the plague… maybe they’ll resort to slaving us directly to the burgeouise after culling any who dissent
The UBI talk from the AI execs smells like private slavery with public minimum wage.
/tinfoilhat
I was thinking about this yesterday. Even in the implausible world of tomorrow scenario where AI and robots are doing all the work, how does money retain value? Capital is created by exploitation.
I would be seriously surprised if any billionaire asshole is thinking more than one step outside of their own personal interest.
Yes, three or four steps down the line you arrive back to their personal interest in the terms you speak of, but I think everyone involved in the AI/robotics circlejerk only think: “how can I get this to make me $626,373,637,478,226,748,483?”
They aren’t even thinking into as far as 2028. All of this comes crashing down by Q3 2027, possibly sooner if a general recession comes first. Throwing more compute at their LLMs aren’t going to achieve AGI and that’s what they need to payoff their loans and investors. This is like analagous to Enron, but bigger. Music will stop soon.
Everyone is worried they are losing their jobs to AI when there hasn’t been a single company to show efficiencies from adoption yet. Some of these companies are paying 4x in tokens than they were in salary for a worse output. Now I am not saying mass layoffs aren’t coming… But it has nothing to do with AI.
No one needs to. With robotics and AI, as soon as they hit the point where necessities and luxury goods can be produced via automation, they have no need for 99% of the human population. They don’t need us to build things or buy things or do jobs or do anything. There’s no paradox. Just several billion humans who will soon be made fully redundant.
