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A comment on Businesses are in for a mighty debt hangover. Parent comment

Re:Businesses are in for a mighty debt hangover by ChatGTP on Tuesday May 16, 2023 @07:10PM (#35968984)
Won’t this be actually bad for the economy ? I’m personally not spending as much because I’m not clear if I’ll have a job when ChatGPT-5 comes out.

I’d say many people are doing similar things ?

Less jobs is not necessarily a good thing ?

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Re:Businesses are in for a mighty debt hangover by mikea1 on Tuesday May 16, 2023 @07:37PM (#35969273)
> Less jobs is not necessarily a good thing ?

The rollout of the lightbulb significantly reduced the economic potential of candlemakers, but it improved the quality of life for society overall. So, whether technological advancement is a "good thing" depends on which group you are in: the one with obsolete skills or the one that benefits from cheaper and/or better goods and services. Either way, the overall economy benefits from creative destruction.

[0] https://en.m.wikipedia.org/wiki/Creative_destruction

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Re:Businesses are in for a mighty debt hangover by SoftTalker on Tuesday May 16, 2023 @07:38PM (#35969280)
Not having to pay developers 6-figure salaries might be a good thing in the big picture.
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Re:Businesses are in for a mighty debt hangover by epicureanideal on Wednesday May 17, 2023 @02:04AM (#35971771)
Or ideally, we can keep making 6-figure salaries, but be able to accomplish more in the same number of hours.
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