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Brendon's avatar

A few thoughts:

- A portion of the social security fund should be invested in the S&P 500. It’s dump that it’s only invested in US treasury notes which have a horrid return of 4% - this would probably give us more time to figure out a /real/ solution. I’m pretty sure bush jr wanted to do this, or maybe it was Clinton idk.

- White collar workers are already being pinched by the stream of unnecessary H1Bs (check Twitter, it’s big news that companies have been secretly advertising jobs in such a way that native Americans did not apply - this is changing) so I wonder how much of the current displacement is AI driven vs H1B…

- How can we advance automation while containing its destabilizing effects? I don’t think we can. If we look back to the Industrial Revolution any retroactive attempt to maintain the subsistence farmer lifestyle would have delayed the massive gains in quality of life that capitalist society (later) brought. I say we go full steam ahead and endure the upheaval as quickly as possible.

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Peter Banks's avatar

Thanks for your comment and thoughts Brendon! It was Bush Jr that wanted to reform it and just like immigration reform it failed.

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Drwilson's avatar

The problem with this scenario is the same as all the fantasies of the AI crowd. A small group gets fantastically wealthy and millions lose their jobs but are freed up to be more productive through “job training”. But the unanswered question is what jobs will they be trained to do. I have not yet seen a plausible answer to that question

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Brendon's avatar

I think it’ll be impossible to predict which future jobs will appear, aside from perhaps space colonization. The train has left the station so to speak, so there’s no retuning to a non AI world. It’s up to all of us to chart a path to sustainable use

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