Question is, if the AI bros are right about a "new industrial revolution", will there be consumers to consume if all the wealth is concentrated in the top 1-2% of the population? (the owners of AI hardware and software)
You'll see the wealth concentration you talk of, but it'll be completely different people who get this wealth, maybe even people who own businesses where wages are a large outlay.
The question is, will be there anything left for humans to consume ? will we survive ?
The datacenter is held by a corporation, and the corporation does what the resident AI wants it to do.
There is no reason to believe otherwise in this revolution.
You don’t see ~anyone being paid because they are stronger than the next guy; hydraulics are stronger than all of us.
What happens when you don’t get paid for being smarter than the next guy, because AI is smarter than all of us?
And then next up is being paid for being more dexterous than the robots - basically all trade work. I think there’s a longer runway for those jobs, but it’s coming.
Who cares? That's two quarters away. What matters is that I got my Lambo and my speedboat today. Let the poors worry about the future.