Re:OpenAI Research Says 80% of U.S. Workers' Jobs Will Be Im...
by twelve40 on Tuesday March 21, 2023 @10:11AM
(#35246352)
> fewer consumers of your products who are also earning less
This is a consequence of potentially collective, uncoordinated action. It's possible that every individual company says "it makes no sense to be paying this much for labor, i'm getting cheap AI/robots" and fires a ton of people everyone else be damned, and then runs into lower demand later because everyone else is doing it. So everyone acts in their immediate interest to be collectively worse off, not unlike... a bank run!
This is a consequence of potentially collective, uncoordinated action. It's possible that every individual company says "it makes no sense to be paying this much for labor, i'm getting cheap AI/robots" and fires a ton of people everyone else be damned, and then runs into lower demand later because everyone else is doing it. So everyone acts in their immediate interest to be collectively worse off, not unlike... a bank run!