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heathrow83829today at 5:30 PM2 repliesview on HN

The argument that AI guys are making about the coming mass unemployment goes like this: those companies that are spending on AI rather than humans may have a huge competitive advantage that allows them to take marketshare from human run companies and thus there's less and less demand for human labor.

But, how many businesses/sectors of the economy actually need to compete for marketshare? we assume it's nearly all of them. if that were the case, we'd see AI taking over much quicker.


Replies

einszweitoday at 5:41 PM

I am very skeptical of the argument that companies are competing with each other on market share. There is arguably a lot more competition between AI companies than in most of the sectors of our economy.

reactordevtoday at 5:37 PM

Without human labor, there’s no human economics. Without human economics, there is no market. So jokes on them.

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