if you'd like the standard of living of a few centuries ago, you can probably fund that by programming for a couple hours a week. instead you want entertainments, medicines and foods that take correspondingly more effort to produce.
But, I've made a choice: I'll pay for eggs at the market rather than have chickens, because I don't want to have to deal with chickensitters when we got on a trip. This is the sort of choice that the person you're replying to is talking about.
I'm sure there wasn't any backpain 50 years ago either.
if we round up and say a dozen eggs costs $5 right now, and then use CPI to go backwards to 1913, what we're getting would've cost $0.16 then. the first website i found says that a dozen eggs cost $0.37 in 1913. i realize there's some circularity in there with eggs being part of the CPI calculation, sorry.
A lot has improved but in the last 20/25 years, the inequality and increasing centralisation has worsened.
And if you don't realize this it probably means your safety net was too cozy for you to notice.
With that said, my comments don't relate to GPT4 which i find interesting and hope that people can be instructed how to make the most of these LLMs for themselves and not just as a tool for a company.
The extra value has gone to enrich the oligarchs rather than to the people. Maybe that should change.
You would have lived in a one room house without electricity, worked the fields from childhood (if you survived childhood), eaten simple foods without spices, watched your friends die from illness, then maybe get conscripted into a medieval war.
If you thought the people at the top had power now boy you'd really hate feudalism.
I think a lot of modern society's wealth goes into unexpected places, which is one of the things you see if you try living in places with different national GDPs. I'm in a well off European country right now, and the biggest differences I see compared to the US are things like older cars and worse appliances. The technology is older, and cheaper. Everyone having the latest SUV and pickup truck is actually a HUGE investment in wealth!
If you spend some time in lat am countries with even lower per person GDP you see older, simpler buildings, cheaper clothing, simpler food, etc etc.
If you wanted to live in the united states with a 1950s car, in an old house, with appliances from the 80s and shitty healthcare, you could live pretty cheap as well. The advances in productivity has brought us SOMEWHERE it's just not always obvious where.
The problem is those oligarchs are using their outsized accumulation to lobby for and purchase a worsening world for their benefit. Sure, things got better for some people for a while. Now they're getting worse from what flows out of the discretionary spending of those oligarchs.
The system we have today is the single greatest driver of human prosperity the world has ever seen.
I think most humans today massively underestimate just how absolutely shitty the life of a medieval peasant was. You would have lived in a one room house without electricity, worked the fields from childhood (if you survived childhood), eaten simple foods without spices, watched your friends die from illness, then maybe get conscripted into a medieval war.
You don’t have to go to medieval times for that. The first half of the 20th century was like that for a lot of people in what is considered rich counties today.
In the cities many large families (or multiple families) shared a tenement and TB and polio ran rampage. Outside the cities many families lived inn1 or 2 room homes with dirt floors and no plumbing in many cases. This was common in Appalachia and parts of the south into the 1960s.
Millions fled many parts of Europe for these conditions in part because it was better than what was going on over there.
We are all seriously lucky to be alive today with what we have. And although these things are relative there’s no guarantee our societies continue to have such plentiful access to food, comfortable shelter, and basic medicines like antibiotics and vaccinations.
I'd love to see that change but we have a populace that directs its energy at attacking itself instead of the people in power
But hey, that's radical talk,sentiment analysis suggests we should disable this kind of speech and keep our head down, lest we be denied more rights...
Also ignoring climate change, and how disproportionately it affects those less well off while overwhelmingly caused by the rich. Your quality of life may be better than in the 1950s, but this is going to be reverse really quickly over the next 50 years when we are hitting 2-3 degrees of warming, unless you are part of the 1% that can buy your self out of the crisis.
What you are saying is the equivalent of stating that today is cold, so climate change must be false.
If you’re asking whether I’d be better off if you instead seized it and gave me some, of course I would, but it’s important to understand that that improvement comes from being given money, not by the reduction of inequality.
That is, over a certain baseline, an increase in wealth does not yield significant improvement in quality of life (i.e. diminishing returns). Redistributing the wealth to increase inequality will improve the collective quality of life, not because the general public has more money, but because there is more equality.
Again it is up to you if you don’t believe this, just be aware that your believes are contrary to the scientific consensus.
There’s no doubt that money has a declining marginal utility. That’s as established an economic fact as they come.
There is still a leap from that fact to concluding that reducing inequality by vaporizing the wealth of five well-known billionaires would improve the economic lives of hundreds of millions of people. I believe it would not.
I do agree that if that were true, it would strong evidence that inequality standing alone is causally negative (rather than merely a lack of redistribution being the actual negative and inequality being merely a correlated outcome, which is what I think is the case).
Throughout this thread my goalpost has always been that inequality is in and off it self a detriment to the quality of life for most people. This effect has been measured, thoroughly studied, and is real, we shouldn’t be debating about that, because, if you don’t believe it is real, you’re believe runs counter to the scientific consensus and there is nothing I can say to convince you. However you seem to be in disbelief about how it works, so I’m gonna provide a plausible scenario. Note, I am not a social scientist, and surely there are more informed guesses out there, if you have the time, and are so inclined, you can probably find better sources on the web that explains this better.
In an unequal but wealthy society access to basic needs might be available to all. However access to other things which affects your quality of life is distributed. You might have access to education, but of lesser quality than the richest 10%, this gives you lesser access to better jobs, etc. Healthcare has a similar story, and so does recreation. You might have to settle for a badly moved lawn shared by dozens of people, while in another part of town the rich have a giant polo-field which is hardly ever used. In a more equal society, that polo-field may be repurposed to serve more people, access to health care and education is more equal, and the overall quality of life is improved. This is regardless of how much money is in the hands of the lower classes.
Note that this is just me—not a social scientist—guessing how this works, so take it with a pinch of salt. Other people have done quality research into this, and know it better than me. However, it may very well be that the mere fact that you have people that are this rich, really incentivizes the society around them to accommodate them, and their interest, at the cost of accommodating the rest of society.
The analog where inequality alone is a problem is if you take the polo field from the wealthy and make it unusable by everyone. That doesn’t make anyone any better off.
People who talk about inequality are almost always actually seeking redistribution but have the sense to realize that arguing “I want what these other people have without working for it” garners much less sympathy than if they frame it as a global inequality.
Tax is another.
The problem is getting into a position where you could pass those laws without violence. I'm not sure it is possible to do it democratically in such a corrupted political system. 3rd parties are essentially impossible and oligarchs have a lock on the other 2.
Not saying I support this kind of action, but I don't think this is a good argument against it.
As dumb as it sounds I genuinely think it's a concerted effort to change people's minds - specifically those people who want to become capital class or otherwise are on the way to the capital class.
If we can 1. Prevent new billionaires from being created and 2. then create structures to allow the capital class to feel like they are important to the process of reducing their own power and democratizing the economy, there might be a chance.
No work? No money. No rent payment? Eviction (with violence). Stealing food? Arrest and imprisonment (with violence). It's violence all the way down. It always was. It's just a question of how it's organized and rhetorically justified.
And over and over again, we've underestimated and then normalized the capacity of our institutions, made of otherwise decent people, to achieve outcomes that we would call abhorrent if they were carried out by an individual. So the door closes on that opportunity because we fail to act.
If we're ever going to walk through that door, companies need to fear us, because they sure as hell aren't going to share with us out of the goodness of their hearts.
I'm not sure what the right move would be re: Priya. Maybe it's a strike for retraining benefits. Maybe it's a wave of resignation letters that mention her. Maybe it's an act of sabotage. But whatever it is, it has to be an existential threat because that's the only language besides money that our institutions understand.
You know you can buy stock, right? And, as a shareholder, those companies will give you the profit?
And that's a problem for you and me because our system has shown to be very effective at concentrating wealth at the top. Most likely it'll later find a different way to transition us from have to have-not, but even if it doesnt we'll end up retiring into a world mostly populated by people who have more to gain by turning their back on our system than participating in it.
Squabbling over ownership of abstractions is a lose-lose scenario.
> This has been the promise over and over again, for centuries, and it has consistently not paid off. Where's the predicted society where automation allows us all to work for two hours a day, and spend the rest at leisure?
Is the promise you're referring to that work will be so valuable that people need only work less than a quarter as much to live a material lifestyle equivalent to CE 1823 or 1923, or that there will be so much work to be done that there's no unemployment to speak of in 2023? Both of those seem to be true...
It should be entirely possible. We just need an AI capable of generating its own capital, then the investor class can be removed from the loop.
A workers co-op owned company headed by an AI decisioning board would be able to maintain constant, real time feedback and coordination with all workers, and would be faster and more maneuverable then human headed companies.
You are working the same number of hours as before (40 ish) because companies are producing 10x as much goods in the same amount of time. If they produced only the same amount, ie 1x, you'd have your 2 hour work day (or more likely be out of a job). It is because companies are producing more stuff that you have a job at all currently. You are complaining about the very thing you benefit from now.
It's dubious that anyone except the most wealthy benefits from this. Even though productivity has exploded, wages hasn't followed and the rewards of productivity has gone to a small few. I don't know how anyone can look at wealth inequality today and think most people should be "grateful". It's more likely to me that rest of America will start to look like San Francisco.
You don’t have a smartphone, don’t use wireless networking and telecom, have no flat screen TV, don’t use the internet, and so on?
None of those things would exist if productivity was at the same level as the 1800’s.
If we woke tomorrow and started making all goods to be long-lived, nothing single-use, fixed up the designed-in obsolescence, open-sourced everything, then we'd release people and resources for a great focus on innovation whilst simultaneously cutting production levels.
Yes, people would work less (and produce less waste). No, I don't have all the answers on how that would work out. Greed would probably cause it to fail.
"Hey, at least I'm not dead." as the answer to "Why haven't we seen meaningful increases in free time for first world workers over the past three decades?" is a real head-scratcher.
AI will similarly increase out productivity but the work will still continue, because humans are an inexhaustible species, we always want to do more and more.
It's not an exclusive choice either. At least in Europe, the amount of free time grows with each generation. 37.5 hours per week, 5 weeks vacation and many bank holidays is a significant change from how much people worked in the fifties.
Yes, we can do better. But both our wealth and our free time are visibly improving.
Many of these advances in consumer goods absolutely create more time for relaxation and enjoyment.
Where did the parent say anything like this at all? I believe you're attacking a strawman.
Imagine how different the world would look if the richest person's net worth was a few million, and wealth was distributed much more evenly. You don't even need to look at productivity for this.
Why would I increase inflation if I redistributed existing wealth, by the way?
Inflation occurs when the supply of money flowing in the economy grows. Bezos' wealth for example is tied up into Amazon, it's not liquid. But suddenly if you gave everyone and extra 10k a year from that money? They'll spend it, causing prices to increase. That's inflation. Not to mention converting Amazon stock to cash would cause the price to crater. The way to get around that would be to directly issue the stock to the government or to the people, as some countries do. However, again, people could simply sell the stock to use the money as cash, again causing inflation. Norway and Alaska have a decent model, a sovereign wealth fund that issues dividends to its populace, but again, it can cause inflation.
Now one might say that worker comfort matters over companies being made, but at some point, there have to actually be companies to work at in the first place.
Bread and circuses? I mean sure, some things are cheaper, but other things are also much, much more expensive. And maybe it's because I'm older now, but I don't think "flat screen TVs" are a good benchmark for overall wealth (I don't even own a TV).
Yet, things like healthcare, housing, childcare and education have exploded in price despite the gains of "productivity". The former are necessities to live and it's dubious that to argue that I've "gained" from productivity if you have traded the ability for me to own a home with an iPhone. The balance isn't there - and I think you have a political undercurrent of people waking up to this. What good is a flat screen TV, if I can't own a home? Have I really benefitted from productivity gains if the equation is so out of whack? Simple math tells me that while a 50in has gone from $9,000 to $1,000, a "starter home" has gone from $200,000 to $800,000. Telling me I've benefitted in this situation is to take me for a fool.
Housing: NIMBYism and lack of ability to build, mainly by strict government zoning and people who petition their local governments to not build more lest it devalue their house.
Healthcare: insurance companies trying to get away with as much as they can, while hospitals try to charge as much as they can, effectively creating a price bidding war with the consumer in the middle.
Childcare: More people working, lower supply of childcare services but demand goes up, thus price goes up.
Education: Government effectively making student debt undischargeable in a bid to get more people to get college degrees but this backfired. Administrator costs for colleges ballooning.
So, even if wages had kept up with productivity, if you don't solve the underlying reasons as to why these costs exploded, you'll have the same issues as before.
I’m not saying socialized or free market approaches are better than one another. But the approach we have taken is the worst of both.
You can’t just insure the sickest demographics - you need a distribution. Either make it universal or let the free market compete for it.
You can’t just give anyone a ton of cash to learn what they want. Either make it free for all or let the free market lend to students based on expected return.
You can’t just guarantee every mortgage which keeps interest rates artificially low. Either build social housing or let the free market set interest rates.
In the 50s there were 3 cars/10 Americans. Now it's 9. Homeownership went for 55% to 66%. College degrees 6% -> 38%. We used to spent 20% of income on food. Now it's around 8%. Poverty among 65+ went from 35% to 10%.
Yes, more jobs today require more knowledge. My grandpa worked in a factory full of boring, repetitive work where he also got to inhale bad fumes every day. I went to college for 6 or 7 years and my employers combined have probably spent less than 10k on training for me. I get to work at a sit/stand desk, get snacks provided, ergonomic equipment and do work that has much more variety than anything my grandpa did. Even if I ignore the astronomical income difference between me and my grandpa, I'd still not trade this for his job.
Was the food actually healthier in the US in the 50s? Did food not come from factory farms? Wonder Bread has been around since the 20s and in the 40s had to have vitamins added. Seems like we already were far away from the serene pastures we all like to imagine food came from. Looking outside the US, famines were incredibly common until quite recently.
Edit: some photos of how great life looked outside of movies and advertisements as recently as the 80s: https://news.ycombinator.com/item?id=35119136
We've got big problems in our economy and income inequality is certainly one of them, but it's asinine to pretend that most individuals in society have not benefitted from technological progress.
Even your list is out of touch; many of my friends in San Francisco don't have in-unit washer or dryers. Look I don't even think I'm even making a crazy observation; I'm just continuing the trend - as AI gets better and more pervasive it's only natural that wealth will concentrate without some force to redistribute it (either through wages or taxes).
A better example is, we go fishing, I catch fish, you chop wood, we build a fire with my wood and eat with your fish. We are both better off than we were before.
If you want to talk about shutting up in the face of inequality, pick a better example, or better yet, mention that you're not talking about the economy at all, even though that's the point of discussion here.
Are you implying there is no income equality today? I don't understand your contention with my point. It's more just asking me to ignore actual data and be happy with the fact that I can buy a flat screen TV for $200.
It's seems natural that capital accumulates - and with AI this process is only going to get more concentrated; and looking backwards its clear we its only going to get worse.
Income inequality in the economy is present, yes, but economists are not in agreement whether it's a good or bad thing, and whether redistribution of wealth would even solve it [0]:
> Despite the extensive existing literature on income inequality and economic growth, there remains considerable disagreement on the effect of inequality on economic growth. Existing literatures find either a positive or a negative relationship. In this paper, we attempt to theoretically examine that relationship with a stochastic optimal growth model. We make the disagreement clear within a single model. We conclude (i) that both are possible – that is, higher inequality can retard growth in the early stage of economic development, and can encourage growth in a near steady state, (ii) that income redistribution by high income tax does not always reduce income inequality. Income inequality can be reduced by higher income tax in a near steady state, but it cannot be reduced in the early stage of economic development, and (iii) that two government polices – rapid economic growth and low income inequality – can be achieved by low income tax in the early stage of economic development, but both cannot be achieved simultaneously in a near steady state.
[0] https://www.sciencedirect.com/science/article/abs/pii/S02649...
---
Now if you would like to submit literature on this topic, please do, as simply talking about what seems "natural" or "clear" does not really mean anything.
My kids have a vastly more fragile lifestyle then I did right out of college.
Machines made blue collar work near worthless, except for some crafts.
And things like ChatGPT can lower the worth of white collar jobs.
To whom would companies sell their stuff if nobody worked enough to earn money to buy their stuff?
Industrial automation did create the 2hr weeks - only that it's the people who paid capital and and invested in their creation that got those 2hr weeks.
But everybody else got the benefit as the general access and availability of many more goods and services than otherwise would've been possible.
Why is More stuff =/= a better life not blatantly obvious at this point
Having an iPhone doesn't make your life better
(You being a generic you in both cases)
Partly the social void via digital communication, and partly ancillary emotions generated by having something nice that makes my sisyphean pursuit just a little bit easier.
If I was able to live a life where I could see my friends and family, and be a part of a community, without any threat of that way of life being destroyed, I would not be working a job in a first world country.
Nor would I be stuffing my metaphorical and physical face with: entertainment, food, various media like video games, etc. Good company is enough to stay entertained for hours -- and it's free; but past a certain age becomes annoyingly more difficult to find as people get loaded on responsibilities, and time-commitments, and other things they believe are prudent for their "success."
I'm an extreme extrovert. My biggest gripe with capitalism is that it's alienated and killed the souls of all the people around me -- and now I have to spend copious amounts of money just to try and fill that void.
I might end up somewhere quiet in LatAm -- maybe Colombia, where they have a cultural notion of "enough."
That's like saying do try and join someone else's family. That's not how the Amish (or any other group that isn't a club) works.
Just start living simply
https://lancasterpa.com/amish/amish-frequently-asked-questio...
But having a lot of easy to access food certainly does. Or what about clean water, or electricity? Or cheap transport? When has there been in the past, before the advent of industrial automation and technology, that people could just travel on a whim somewhere more than a day's walk away?
Just because some symbol of luxury like the iphone is what you think of as "more stuff", doesn't mean it is. "more stuff" is _everything_, and while it does include the iphone, it also includes the cheap phone that makes it possible to communicate almost for free with almost anyone close or far.
The tickle down has been happening for the past 70 years, and the regular people have been benefiting so much that it looks normal now. I would use the analogy of boiling a frog, but somehow this doesn't quite suit.
This is just not true based on the data. The rich eat well - but food insecurity is still RAMPANT because of greed.
Food is less healthy now than ever and the majority of the population is malnourished - that is to say eating the wrong thing - despite us having enough capacity to produce quality food for everyone.
Food deserts ensure that the poorest people get the worst food.
Again a big piece of this is because food deserts don't have fresh food, so you have to commute to shop often.
Tbh I am skeptic of the whole narrative. Maybe the poor tend to lack education, including knowledge about healthy foods.
Because they don't have as much money as other areas so people follow the money with where they provide services
>tend to lack education, including knowledge about healthy foods
This is also true and again structural - see above. Poor areas don't get school funding because school funding is based on county property taxes and thus, do more poorly than rich areas
It literally all boils down to structural inequality
And even bad schools could find a minute to tell kids they should eat more veggies and less sugar?
Having lived in these areas for most of my life I can tell you it's often only specific low quality chains (Church's, Grannys, Jack in the Box etc...) or these "chicken wing/chinese food" shops that basically just fry up the worst meat and slather it in sugar sauce.
I recall in high school, peers of mine would simply eat a bag of Doritos for lunch - as even the classes like Home-economics were largely just holding cells for teenagers until graduation.
Is access to clean water or electricity improving / getting cheaper? How about clean air and stable climate?
Having a communications device that lets me contact whoever I want, whenever I want, and share media immediately.
A mapping solution to ensure I am never lost.
Access to the world’s largest repository of information so I can look up information or how to do something at a moment’s notice.
Reminder system to help me keep track of tasks.
Access to whichever books/music/videos/games I want at anytime in any place.
Ability to manage money and pay (An additional way at least, without the need to carry cards).
Health tracking and alert benefits of a watch paired with a phone.
Ability to take high quality photos and videos at anytime.
> Serfs in medieval Europe had very little free time. They were required to work long hours, usually from sunrise to sunset, and often had to work on Sundays and other holy days as well. Their work consisted of farming tasks such as plowing, planting, harvesting, and tending to livestock. In addition to their agricultural work, serfs were also required to perform labor for their lords, such as building and maintaining structures, repairing roads, and providing military service.
> Plowing and harvesting were backbreaking toil, but the peasant enjoyed anywhere from eight weeks to half the year off. The Church, mindful of how to keep a population from rebelling, enforced frequent mandatory holidays ... In fact, economist Juliet Shor found that during periods of particularly high wages, such as 14th-century England, peasants might put in no more than 150 days a year.
[0] https://www.reuters.com/article/us-column-great-debate/colum...
The world would be a much better place without the iPhone[1].
[1] with the exception of all iPhones running iOS 6 or earlier
Which is a different question from productivity
Maybe they wouldn't, but then the insurers come. Not all of the 1% of errors from an AI will be disastrous - if it happens to be "jaw-droppingly destructive" rarely enough for the insurance to make sense economically, that AI will be used.
I personally would hate to spend all my time on leisure activities. I would still be working as hard but on my passion projects.
No offense but who wants to spend most of their time on leisure activities. That gets old fast. It is a lot more fun being productive. Maybe I'm just weird.
A person on minimum wage in the USA today can enjoy a higher quality of life than kings of a few hundred years ago. My point being that automation has brought huge benefits to society, even if we are blind to them.
That's called leisure, being able to direct your actions without worry about them paying the bills, leisure.
Of course you could choose to vegetate in front of a screen, but you're also free to walk the hills, create art, create machines, write software or poetry, or whatever.
I would count that as leisure, why wouldn't that count?
Leisure isn't laying on a couch eating grapes; leisure is the freedom of deciding what to do with your time,.
So … you would spend all your time on your chosen leisure activities—your passion projects. That is the point.
It's here, you're living in it, most likely. You just have to lower your wants to the standards of whenever that prediction was made.
It's not like there's unclaimed habitable territory that anyone can just go be subsistence farmers on - someone has laid claim to that land and it's not you
So, no this isn't an option either as you're forced to interact with the rest of the world that demands your input
If you want 2023-level housing, you'll need to put in 2023-level work, unfortunately.
And no, life is worse for millions of people around the world than it was in 1800 if for not other reason
This idea that things MUST be better just isn't supported with data. All the "data" about how great the world is is bad statistics - it's looking at averages only, not the distribution.
You can't point to the richest areas and claim "look see how great things are?"
Find the most destitute among us and see how they fare
Yeah, but not for the same people. Life in 1800 in NYC was worse than life in NYC in 2023 for the average inhabitant. Life in some places on earth today are worse than life in NYC in 1800 was, but that's not the question.
> Find the most destitute among us and see how they fare
Better. They're faring better. The data is in, and they do.
Show me this data cause as far as I know it doesn't exist
Quality today is generally much better and "average" isn't the same. I read a piece one some woman who lived around 200 years ago and she traveled to a city ~100km away, which was a noteworthy biographical event back then. That's a distance some people do daily on their way to work these days. Travel to a different continent? You'd be exceptional if you did so once in your life, today that's available to most people in the West to do once a year (granted, it won't be the luxury version, it'll be like my trip to NYC 25 years ago where we stayed in a hotel that was being renovated, the elevator was out once and we had to climb 12 floors but it was super affordable).
It turns out people would rather work more and have more stuff.
Please explain. I think you're underestimating how much things have changed, and are making a lot of assumptions about what you mean by "quality of life .. 70 years ago" and "working 2 hours a day" that would not be obvious (or available) to other people.
In the “Sad Irons” chapter of Caro’s LBJ biography, he talks about the pre-electrification lives of Texas farmers. In comparison with that, our whole day is leisure.
Similarly: As late as 1900, the poor in Europe were so severely malnourished that growth stunting was common. Look at Our World in Data’s charts of height over time. Or Robert Fogel’s “The Escape from Hunger and Premature Death.”
Etc. Etc.
That’s not the fault of automation. As a society we’ve chosen to increase our population and level of consumption instead and automation is simply the engine for it.
They're going to try to grow and get rich off the increased productivity.
It’s partly a product of capitalism within a nation, but also a product of the basic struggle for wealth and power at the international level. This is a common discussion in my chosen industry; we have well paying jobs and good working conditions, but only because we are (significantly) ahead. Our lead, and by extension the good life, could completely vanish in five to ten years if we stop pushing forward.
Not to be that guy, but income inequality in the US has continued to increase [0], so it's not that automation isn't making people richer, it's just that it isn't being distributed fairly. If it were, then perhaps we'd be closer to our two hour work days.
I think the automation of grocery store check-out is a great example of this sort of thing. Grocery store cashiers are busy spending their time worrying about their shifts getting cut in favour of self-checkout while grocery stores are profiteering (esp. in Canada) [1]. A more equitable system would have those profits lining the pockets of the same people who are now on reduced hours. Turns out that, like most people have realised by now, trick-down economics isn't really enough.
[0] https://www.pewresearch.org/social-trends/2020/01/09/trends-...
[1] https://www.theguardian.com/world/2023/apr/05/galen-weston-l...
Others have already commented on the fact that quality of life has generally increased.
I think it's also worth realizing that over the course of a lifetime people today spend a much smaller fraction of their waking hours engaged in work than before.
100 years ago a typical man in a developed country might have started work aged 14 and then stopped working a few years before death if they were lucky to not die before.
Nowadays even someone "uneducated" would start working at 18, while others might start aged 22 or older. And a common expectation is to have a retirement of 15+ years.
So averaging over a lifetime we do work a lot less as a fraction of our lives than in earlier times.
Edit: numbers were plucked from thin air based on my experiences of my own country, but i guess the general point applies to most developed countries
The end result of creative destruction is not so we can all work less, it's so things that we value become cheaper, allowing us to reallocate resources to things that are equally or more valuable. It gives rise to new companies and industries that either a) could not work without the new tech, or b) were prohibitively expensive.
The classic example is the fridge. Before it existed there was an entire industry that revolved around transporting blocks of ice. Now imagine all the industries, technological advancements, scientific advancements that would not exist if we didn't have the ability to make a box really really cold, relatively cheaply.
Creative destruction leads to economic growth (increasing the pie), not a society that doesn't have to work 40hours a week.
That's the opposite of what GP predicted: that people would be more productive and produce more, not work less.
Programmers are way more productive than the were sixty years ago. We don't have fewer programmers, or part-time programmers, but we do have vastly more and better software.
This has been the promise over and over again, for centuries, and it has consistently not paid off. Where's the predicted society where automation allows us all to work for two hours a day, and spend the rest at leisure?
> Though some people in some companies might be laid off, it doesn't necessarily mean that more people will be laid off than new jobs are created.
It doesn't mean the opposite, either.
> 2) Chaudry ignores that you need a human in the loop to check an AI's work. You don't know that an AI's answer is always right. Even if it's perfect in 99% of cases, the answer could be jaw-droppingly destructive in that 1% of cases and make errors that even the dumbest human wouldn't make. Being grossly wrong even a small percentage of the time is far worse than a human making minor errors sometimes, and being slow all of the time.
Companies have shown time and time again that they're willing to make this trade-off.