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A comment on Ray Dalio says the global economy is under threat. Parent comment

Re:Ray Dalio says the global economy is under threat by seibelj on Sunday November 03, 2019 @06:05PM (#21437387)
The truck drivers who lose their jobs will get new ones. Same story has been told for generations and it is never true. So-called AI won’t eliminate the need for workers, they will just shift into new jobs.

No one shed a tear when the carriage drivers lost their jobs. Except maybe the carriage drivers and their families.

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Re:Ray Dalio says the global economy is under threat by s1artibartfast on Sunday November 03, 2019 @10:33PM (#21438819)
>The truck drivers who lose their jobs will get new ones.

Or they won't, and we will have a wave a depression, suicide, and populism.

The critical factor is the rate of change.

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Re:Ray Dalio says the global economy is under threat by AlchemistCamp on Monday November 04, 2019 @10:29AM (#21442494)
> No one shed a tear when the carriage drivers lost their jobs. Except maybe the carriage drivers and their families.

In the 1880s, there were at least[1] 150,000 horses in New York City. How did the industrial revolution work out for them?

Industrialization was about replacing muscles in niche after niche and muscles are what horses supplied. AI is replacing brains.

1) https://99percentinvisible.org/article/cities-paved-dung-urb...

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Re:Ray Dalio says the global economy is under threat by SideburnsOfDoom on Monday November 04, 2019 @05:19AM (#21440310)
> The truck drivers who lose their jobs will get new ones. Same story has been told for generations and it is never true.

The idea that new jobs will always arise is not a law of nature, it's only an empirical observation that keeps on being true, until one day it doesn't.

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Re:Ray Dalio says the global economy is under threat by netfl0 on Sunday November 03, 2019 @10:28PM (#21438794)
What did the carriage drivers do? Asking for a friend.
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Re:Ray Dalio says the global economy is under threat by iancmceachern on Sunday November 03, 2019 @11:03PM (#21438941)
Drive trucks
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