alt Hacker News>>people who built it all left with nothing but memories of once being valuable.
But, the story doesn't end there does it? Most loom workers left their jobs and became factory workers (part of the same technology revolution) and critically: made MORE money. They were wealthier. And the loom machine operators left had a better job. There are very good sources for this, not just vibes [1].
I don't deny that the transition process is traumatic, and there is much we should be doing this time around to assuage the process. But all the evidence points to a general rise in pay, material conditions and standard of living.
[1]: https://yalebooks.yale.edu/book/9780300205251/libertys-dawn/
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I don't think the analogy holds. AI isn't automating one job, it's automating _knowledge work_. There's no factory work to flee to, literally and figuratively.
Try to come up with a job that both doesn't produce anything physical, and can't be done by AI.
And where do you propose the 20-25% or so of the soon-to-be-jobless will go next?
From what I've been able to find, that book does not make the argument that the people actually displaced from their jobs ended up better off. It is certainly possible for some workers to end up better off while those who were displaced do not.
As anyone in the Rust Belt can tell you, the average worker might experience higher wages over time, but the average worker is a statistical fiction, not a flesh and blood person.
Individuals and entire communities can live out the rest of their lives destitute and hopeless in the wake of changes that leave them behind. Things might be brighter for those who come after, but let's not pretend we're not doing real violence to those left behind.