alt Hacker NewsAI accelerates the entire white collar economy and makes it more efficient. It has and will continue to result in large job gains for blue collar and service workers. The people getting rich off AI have to spend their money somewhere.
Replies
VikingCoder • today at 6:59 PM
> The people getting rich off AI have to spend their money somewhere.
That's demonstrably false.
If it were remotely true, trickle down economics would have been a gold rush for the entire economy.
amanaplanacanal • today at 7:24 PM
Not sure how generating exponentially more boilerplate is going to make anything more efficient. I guess we'll find out.
> It has and will continue to result in large job gains for blue collar and service workers.
Source? Specifics? This doesn't even sound plausible at face value. Even if it is somehow true, higher paying white collar jobs being replaced with service jobs that pay far less and have way worse conditions is not a positive or even a neutral outcome.
> The people getting rich off AI have to spend their money somewhere.
The amount of wealth hoarding already going on says otherwise. Buying yachts and islands does not magically offset millions of jobs being lost.