Re:Rethinking the Luddites in the Age of A.I
by eru on Tuesday September 26, 2023 @11:50PM
(#37669838)
> Given that price points exist, the benefits of lowering costs of production are captured by increasing profit margins.
Historically, that hasn't held true for long: competition catches up.
Re:Rethinking the Luddites in the Age of A.I
by visarga on Wednesday September 27, 2023 @12:17AM
(#37670043)
> the benefits of lowering costs of production are captured by increasing profit margins
Or increased diversity, customisation, higher quality, more availability, and because of competition - where it exists, cheaper products and services.
Increased capability leads to demand scaling. Making a road wider will increase traffic to match.
Re:Rethinking the Luddites in the Age of A.I
by pauldenton on Sunday October 01, 2023 @05:06AM
(#37724129)
60% of the population used to work in Agriculture. Now that's more like 2%
Do you think the 6/10 classmates who had career choices they wouldn't have otherwise "benefited from Agricultural Automation"?
Even if they didn't own any farms or Agricultural Manafacturing stocks. Their labour being freed up for other uses helped them no?
We as society aren't the beneficiaries of automation, those profits go to private owners. Given that price points exist, the benefits of lowering costs of production are captured by increasing profit margins.
After those profits are captured, we as society have to shoulder the burden of caring for potentially thousands, or more, people who are put out of work, and their families.