Prepare for an AI Jobs Apocalypse
economist.com27 points by wiseowise 11 hours ago
27 points by wiseowise 11 hours ago
If your idea of a job is to sit pretty in meetings, agree on increasing synergies, then go write an email or fill out a form or something, yeah they will be gone.
Anything that requires you to think in constraints, orchestration and optimization should survive in one form or another. It always does.
As long as there is high demand for it. AI will reduce that current demand.
That’s a bet and remains to be seen.
AI automation will shift the labor demand curve. Once jobs that were previously done by humans are done by AI, this directly reduces human labor demand.
I'm convinced the real threat is a good quality robot arm that costs $2,000 and is trainable in one single day by a regular person with an app on their phone.
I think that will drive down labor costs and make millions of people unemployed.
> Prominent economists around the world have proposed higher taxes on capital and lower ones on labour.
This so much.
In Italy I pay:
- 12.5 % of interest on government bonds
- 26 % of interest on stocks capital gains
- 21 % of taxes on the income I get by renting my real estate
- 37 %+ of taxes on my labor
- up to 57 % of taxes as a self-employed business
If this isn't rigged against productive working and beneficial for passive owning I don't know what is.
Of course numbers change across the world, but I have yet to see that many countries were this is inverted.
I'm well off financially and eventually, I'm less and less dependent on my work to live, but if this isn't a scam towards the general working population, then I don't know what is.
adding it to my list of apocalypses to prepare for