Corporates need to understand that their greed for infinite profit will eventually create a singularity which will consume them one day. People without jobs buy less. May be we will finally get rid of the consumerism.
Corporates need to understand that their greed for infinite profit will eventually create a singularity which will consume them one day. People without jobs buy less. May be we will finally get rid of the consumerism.
That is at least 2-3 workers less for every single store in the country in just the last few years.
I believe we can solve it by having robots buying the goods. They should be able to process it into trash just as well as a human could /s
Mass unemployment has always been feared as a result, and it has always not happened.
I strongly expect trends to continue.
It took 20 years for self checkout to really catch on. It's not even fully there yet.
It took months for Book and Magazine publishers to say. No more submissions please, we have enough content for a while.
The winner of a massive photography comp in the US took no pictures, had no subjects and didn't write the back stories of his "subjects". He AI'd the lot.
Don't you think that a lot of what you're talking about depends on how people react to this technology and it's use? To ask another way, if everyone around you is in complete suffering and misery from "AI", we're all broke, hungry and miserable, maybe people will just not want to use AI and prefer to buy and trade services with other humans so that we maintain a nice quality of life?
There is an assumption Silicon Valley is making here which is whether we like it or not, we're all going to have to give up everything, our money, careers, professions, lives and just use AI(tm) because they've made it and while economists will tell me I'm wrong, because "economies of scale etc", I'm certainly not going to trade everything, and everyone I know so I can get images cheaper than I can today from Getty Images.
Maybe <Insert billionaires who control all the bots> will just build his own robocops who will come and make sure I do what I'm told, or maybe even just wipe me out completely for growing my own food and trading goods and services with others who are out of work, I don't know. But I just can't see humans, who still actually do have brains btw, to just roll over and let our lives descend into chaos over Clippy.
Edit: I want to say that even to this day, I actually buy things from people who grow things locally etc just to support them rather than go to the grocer, I do this because I know it's doing some good for my community, I'll just be doing more of this in the future if people aren't working.
I highly doubt it.
I'd add that it's different in that it will hit us college educated professionals who are not at all used to this, instead of the usual blue collar industries. We as a group are not ready and will scream very very loudly if/when this happens :)
It's important to remember that a society consumes as much as it produces. This is how "rich" it is in aggregate. And job losses like this come from being able to produce as much as before with fewer people. So even if no one finds a new job, the society is as rich as before.
All experience is that those losing their jobs find/create new ones after an adjustment period. Maybe this adjustment period will be longer, but it will clear in time.
Unless, of course, Eliezer is right and AI kills us all.
On the other hand, when/if the same suffering happens to "semi-elites" with social capital and connections, they will raise noise in media and try to use the government establishment to "do something", and while it also might be ineffective, at least the appearance of governments needing to take action and help the adjustment will be much more significant than for the blue collar troubles.
They just shifted it from a paid cashier to buyers doing it for free.