Most AI value will come from broad automation, not from R&D

Re:Most AI value will come from broad automation, not from R&D by treis on Sunday March 23, 2025 @01:33PM (#43454392)

Median income in constant dollars in the US was about 60k 40 years ago and now is about 80k. We can buy a lot better stuff with those dollars too.

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Re:Most AI value will come from broad automation, not from R&D by api on Sunday March 23, 2025 @04:15PM (#43455551)

Now check housing prices over that time.

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Re:Most AI value will come from broad automation, not from R&D by treis on Sunday March 23, 2025 @05:12PM (#43455944)

People don't buy houses by writing checks for the purchase price. They get a mortgage and pay monthly which is dependent on both housing price and interest. With a lot of hand waving that number isn't much worse than the 70s/80s because interest rates were high then.

However, that's cyclical and we're in a really crappy local minima for affordability due to a rapid increase in interest rates.

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