this post was submitted on 17 Jan 2024
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Technology
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I wonder if we can actually adopt technology so fast as to completely ruin our economy before we can notice that’s what’s happening.
Businesses are going to adopt AI and robotics to increase productivity and drive down costs. But it quickly becomes a tragedy of the commons if every business only considers their own selfish interests. Eventually there will not be enough employed consumers to be able to buy those products your pumping out at record rates.
especially for regions with developing middle class and a lot of people like india and china, rapid mass automation could crash the economy when local buying power disappears
Eventually there will not be enough human workers creating training data for LLMS to hallucinate with, and they will just be training each other with more and more incorrect bullshit.
I do find GitHub CoPilot helpful to save typing, but last night it took me longer to track down the mistakes it made than if I had just did a combination of copy/paste + regex.
That's when they'll all combine and become Buy n Large and create a corporate "basic income" just so that people can keep buying crap.
The corporations will bever agree to any sort of UBI until there is blood in the streets and they are forced to.
Unless we transition to UBI. As unemployment rises, there will be presssure to do so.