It's really insincere to claim that AI will create jobs. We have literally no idea how society would respond, and jobs would absolutely disappear. Also, 'creating jobs' does not mean the people who lose their jobs get first dibs. Super irresponsible, but it's the AEI, so.
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Replying to @mtrc
Many of the jobs created will be due to expensive services becoming more affordable and widely used (architecture, medicine), similar as it happened when printing was replaced by DTP. But overall, reducing the need for labor is not a bug, but a feature of automation.
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There is also the angle of increasing under employment. Any company offering AI product will have to charge high so that the employees can make ends meet. There will always be someone who will be willing to do the same job for lesser pay.
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Replying to @muralipiyer @mtrc
Creation of scalable products (like B2C software) has a different economy. To succeed, you need to have the best product, not the cheapest employee. Google makes $1.2M revenue per employee. If it had worse employees, it would make less.
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Google is an ad company diversifying to other domains. My contention is: economics will always come in the way. There will always be someone willing to sell labour cheaper. Advent of tractors hasn't farm labour, for example. Some economies may adopt new stuff, but many won't.
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Buying a robo-nurse may make sense to some. But not in places where nurses don't cost much. If a nurse can be hired for $300 a month, nobody is going to buy a robot nurse for $30,000. But in places where it costs $3000 to hire a nurse, the robot might make more sense.
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But in a society where most goods are produced with little or no human labor, it makes sense to heavily subsidize and reward all activities that benefit from social interaction, such as nursing.
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