Comment on Bernie Sanders says that if AI makes us so productive, we should get a 4-day work week
gandalf_der_12te@discuss.tchncs.de 3 weeks agoThere has been a study done in 1970 called The Limits to Growth that predicted that exponential economic growth would come to a halt necessarily, because you cannot have infinite growth in a finite system. It took many decades more than predicted, but I suspect that we’re actually at this point now.
Workplaces mostly exist nowadays to grow the economy. It takes rather little work to maintain the world nowadays. That is why we’re facing a declining demand in human labor.
Since the labor market is a free market, it is regulated by Supply and Demand. That means, if supply is high, prices drop; if demand is high, prices rise. On the labor market, that means that a declining demand for human labor leads to lower prices for that labor, a.k.a. wages.
That is the crisis that the US is currently facing: Declining wages, a.k.a. inflation, a.k.a. Cost of Living crisis.
Gorilladrums@lemmy.world 3 weeks ago
I don’t disagree with anything that you said, but my point was simply to address the notion that existing jobs are irreplaceable. It is true that technology automates away jobs, but it also creates new onee. Industries and jobs that make up the economy change all the time and that’s okay. Thinking that a new technology like AI is going to doom us is, well, just doom posting.