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If AI truly replaced all work, then we'd have to have another system entirely to decide who owns what. But in the milder example of partial automation, we'd tax the extra productivity from automation and distribute it a la socialism-lite. Or we'd end up nationalizing a lot of "the essentials".
If automation breaks the system, we must replace the system.
People are already obsolete right now. AI is the future.
You guys don't even know what AI is.
Why don't you read J-M Manufacturing Co. v. McDermott Will & Emery and get back to us.
J-M had a whistle blower lawsuit against the federal government.
They hired McDermott as their legal counsel and McDermott used your vaunted AI to do document production.
Your vaunted AI that is supposed to be the "be all, end all" for everything turned over documents over to the government that were attorney-client privileged, attorney work-product, or otherwise confidential/proprietary.
J-M lost their lawsuit to the government who, naturally, did not reveal they had documents they were not supposed to have.
J-M figured that out during the trial when the government very obviously knew things it should never have known which is why J-M lost and why they're suing their law firm.
What you people do not understand is that AI cannot function without a human over-seeing it.
In the legal field, we welcome AI -- without the glitches.
80% of households do not have access to basic legal services, like preparing Wills & Codicils, Divorce/Dissolution, modification of shared parenting plans, real estate services, other legal services (tax attorneys for example), or even criminal defense.
Why real estate? It's pretty damn stupid to buy a house without first consulting with a real estate attorney.
Why? They're aware of things you aren't aware of and don't even know how to access that info to evaluate it.
I'm just guessing you're gonna wanna know in advance that the county/city is gonna tear up your street to add a turn lane and take a big chunk of your front yard through eminent domain instead of coming home from work one day and seeing orange barrels up and down your street and a nice nasty-gram in your mailbox from your city/county serving you with a copy of the summons and complaint for eminent domain.
AI will make legal services available to 60% of households which is not perfect but it is a helluva lot better than 20% and it will create Millions of jobs in the legal industry.
One robot displaces one worker but it creates 3 jobs, so your plus 2 on the job side.
So add 100 robots and you create 300 jobs with a net gain of 200 jobs.
Y'all need to stop reading garbage from junk web-sites.
Once we have true AI, and it can do all real physical work, we humans can just plug ourselves into a virtual network in which all our dreams can be true.
Physical work is going to take some time, but most white-collar jobs can be easily replaced by AI.
One robot displaces one worker but it creates 3 jobs, so your plus 2 on the job side.
So add 100 robots and you create 300 jobs with a net gain of 200 jobs.
Y'all need to stop reading garbage from junk web-sites.
I hear what you're saying, but I have a problem with this part in particular. 1 robot may create several roles, but it is not 1-to-1. The robot makers do not make 1 robot per employee, and the robot technician does not just service 1 robot. The employer is still saving money directly by reducing total employment+robot cost, whether it's 1 role within the company or 3 roles between several companies. Otherwise, they wouldn't do it. Now, the money they save can be spent elsewhere in the economy, creating jobs. However, this still always leads to wealth accumulation at the top, and IMO likely less, more specialized and high-paying jobs, depending on how they spend it. But whatever company they are giving money to will also have less net money flowing to employees due to automation. I only see concentration of wealth in general, though not so black and white.
If AI truly replaced all work, then we'd have to have another system entirely to decide who owns what. But in the milder example of partial automation, we'd tax the extra productivity from automation and distribute it a la socialism-lite. Or we'd end up nationalizing a lot of "the essentials".
If automation breaks the system, we must replace the system.
Supply and demand...on UBI you won't be buying the biggest and bestest....
There wouldn't even be "extra productivity".
The future depends on an awful lot of things and how various countries act on their various problems.
I actually see a declining, or de-industrial, revolution coming. China will fail, I believe, and take most of globalization with it. Since it takes input from 49 countries to make an iPhone and over 100 to make your computer I think globalization will all fall apart.
Most of this will be due to population decline, but other factors will play their part.
The part of Asia that is Russia and China will be hollowed out politically and demographically.
People who can do the actual work of making or repairing things will do best in the new world. Administrators and support workers will do worst.
The wold IS changing, though. Right before our eyes.
Think about this, if AI or robotic replaced all work:
1. Who will be the consumers?
2. If there is no consumer, then why build more robots or even more advance AI?
This is no different than the machine will replace all works (farmers) during the industrial evolution. Human will advance. Of course, many will refuse and left behind. Especially nowadays where they think they are too good to work.
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