maciejzj
1) Wealthy people account for more and more % of consumption (now about 50% in the US). Source by Federal Reserve via Bloomberg: https://news.bloomberglaw.com/capital-markets/top-10-of-earn....
2) "Investment in productive companies" now either goes to:
a) financial instruments that exist for pure wealth extraction/multiplication in form of being a landlord, private equity, REITS, etc.
c) stock market which is eaten by AI-adjacent companies which primary incentive is job displacement.
Neither of these seem to bring any >actual< benefit to the society in terms of living standards, health, food quality, personal independence, psychological well-being, stability, etc.The idea that wealthy make decision beneficial to wider audience is as outdated as trickle-down economics. Both are false.
At long last, we have created the Torment Nexus from classic sci-fi novel Don't Create The Torment Nexus.
> And not very long after, 93 per cent of those horses had disappeared.
> I very much hope we'll get the two decades that horses did.
> But looking at how fast Claude is automating my job, I think we're getting a lot less.
While most of the text is written from cold economic(ish) standpoint it is really hard not to get bleak impression from it. And the last three sentences express that in vague way too. Some ambiguity is left on purpose so you can interpret the daunting impression your way.
The article presents you with crushing juxtaposition, implicates insane dangers, and leaves you with the feeling of inevitability. Then back to work, I guess.
> It used to rightfully be something we looked forward to
This is rather unimportant, but I would say that media has usually portrayed AI as a dangerous thing. Space oddysey, Terminator, Mass Effect, Her, Alien, Matrix, Ex Machina, you name it.
US (and the rest of the western world) citizens face real life problems in youth employment, social/political instability, unaffordable housing, internet addiction (yes, I believe that it is real problem that people spend 5 hours on their phones daily) and social atomisation. Meanwhile all resources are put in a rush into building technology that does not fundamentally improve people's well being. Advanced societies have had pretty good capabilities of doing writing, design, coding, searching information, etc. Now we are pouring all available resources, at any cost, to automate these processes even more. The costs of this operation are tremendous and it doesn't yield any results that improve everyday lives.
In 2020 there was a ton of UI/UX/graphics companies that could produce copious amount of visual content for the society while providing work to many people. Now we are about to automate this process and be able to generate infinite amount of graphics on demand. To what end? Were our capabilities to create graphics any kind of bottleneck before? I don't think so.
The stock market and tech leadership are completely decoupled from the problems that the majority of people faces. The real effect of AI at hand is to commoditise intellectual work that previously functioned well dispersed in society. This does not bring benefit to the majority of people.
It is insane how much screwed over we are. I am about to turn 30 soon with 5 YoE, PhD in ML which supposedly is the cutting edge stuff. Yet I have no prospects to even buy a tiny flat and start “normal life”. AI eats its own tail, I have no idea what I should do and what to learn to have any sensible prospects in life.
Given that there are many threads where 80% act as if AI would cause second coming I suspected that main topic of discussion here would be "is it worth learning CS at all in 2026?". To my (pleasant) surprise the discussion here is much more "normal". Does anyone suspect that some HN posts have a lot of astroturfing from AI-adjacent organisations?