True today. What happens when the other industries collapse and there’s a flood of labor into these industries? Sure - initially the experienced and skilled labor will continue to command a higher price - but over time supply of talent will drive that down too.
Will they still make a healthy living when there's an influx of laborers fleeing more automated parts of the economy?
GS just put out a report today estimating the impact of AI: https://www.businessinsider.com/generative-ai-chatpgt-300-mi....
I wonder sometimes if these accounts on HN making insane arguments that generative AI somehow won't be economically calamitous are bots. In fact, if I was at OpenAI and the goal was to avert scrutiny long enough to get to AGI, unleashing a torrent of AI shill bots might be near the top of the agenda.
Will those laborers have the skills required for those jobs?
> GS just put out a report
LOL--Goldman Sachs as an authoritative source on the impact of AI.
> I wonder sometimes if these accounts on HN making insane arguments that generative AI somehow won't be economically calamitous are bots.
You must be joking: you actually have trouble telling posts by bots from posts by humans? Even with a large number of samples? (Never mind that you can also look at the account's profile page, which will give you very useful information.)
How? How will it do this?
Basically, people seem to assume that "AI" has some kind of magical power to do whatever bad thing they can imagine, and then they extrapolate from there. I don't see it.
> physical labor
If you think the jobs I described are purely "physical labor", or that the physical labor involved is so highly taxing that people can only do those jobs for a short time before they wear out, you definitely need to think again.
(You also definitely need to think again if you think those jobs are low paying. Plenty of people make quite a healthy living doing them.)