This question was asked, and the answer was "Kill the poor, make line go up."

If the AI can run everything, then we become a post scarcity society. I'm hoping for Iain M Banks Culture series myself, but who knows. Or maybe the AI becomes so intelligent it just checks out like in the movie Her and we have to go back to doing it with non-AI tech.

If we all run out of money they will harvest the marrow from our bones. They'll extract a fee, don't doubt it.

If all the money is hoarded by the rich, who is going to spend money to make the economy run?

The real answer is no one. They will quickly realize that at the root of the economy are the regular people, and since the economy is a cycle, when you cut off a part, the cycle doesn’t work anymore.

People (doomers) here are saying businesses and rich people will, but this can only, work for a limited time, because either the products will shoot up in price since only the rich can afford them, or the businesses won’t be able to sell their products, so they can’t buy new things, which means no more revenue to the shareholders.

Think of all the companies that live from b2b models, when you look closer, they are all at some the suppliers of b2c businesses, except, maybe military companies. That company that makes the lithography machines (asml) only sells to other businesses such as tsmc. Tsmc also only sells to other businesses, but they sell to businesses that sell to consumers.

1024: This new farming technology means one person can feed 1000 people! What are the other 999 people supposed to do? Are the lords just going to conscript all us serfs and have us fight for their entertainment?

When there is a scarcity of resources a population will shrink to sustainable levels. Right now there are too many people to share the scraps left from the billionaires hoovering up all the capital. People will stop having kids, others will die homeless, and population will decrease just as happens in any population of animals experiencing scarcity.

Were already seeing a drop in product quality and reliability. Just try a search engine for practically anything. Chances are you already type "wiki" or "reddit" or "Lemmy" or whatever along with your search terms. AI(LLM) is just advanced cargo cult development. It won't translate to physical design even though that's being pushed by management level and marketing. Products will stop being useful altogether.

That's on top of the tailoring to business and wealthy class as others have argued here. But even that will have to endure enshitification. Ultimately the wealthy will pay for labor on their toys(they already do, we just can't afford those).

This us a marketing and executive delusion issue.

They'll be making stuff for rich people.

Personally I welcome a post scarcity economy

How is everyone going to be fired by AI? First define AI, because what we have now is a bunch of LLMs.

In the end, it's more practical to have both working in tandem. You have a person who has common sense guiding and an AI tool who assists the person in doing the work.

At worst, people would have to up skill/re skill to have working experience with AI tools.

But people are not gonna stop working. New jobs will be created and some old jobs will disappear, as it has been the case

This isn’t any different from any other automation , so far. Every time there is a new level of automation, someone asks this question. Yes there can be disruption, even a generation or two lost at the level of “Industrial Revolution”, but so far it’s always come back with more jobs, more opportunity.

So what’s different this time? Do you thinks it’s good enough to replace thinking? That was my fear when it looked like self-driving was coming fast, but that fizzled out, and I have Vern blower expectations for this round of generative ai. Sure, it might be transformative to some roles and destructive to the remains of journalism but I don’t see it taking many actual jobs

We’re arguably already in this situation with outsourcing, smart automation, service industries, where there seem to be fewer “middle” jobs. While some of us can be the higher skilled new jobs, way too many new jobs are just not

That doesn't matter because they won't be here by the time that happens