Capitalism Doesn't Need Consumers Anymore...

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After the launch of Chat-GPT and Dall-E, AI started to raise concerns for jobs and society. As machines and sophisticated technologies surpass human abilities, a growing number of complex jobs are being outsourced to machines who can do better work for a lower cost. This prompts questions about how economic systems can adapt to most people having a net negative economic value.
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Пікірлер: 4 600

@EconomicsExplained Жыл бұрын

Learn how you can use AI tools with Hubspot’s Free eBook: clickhubspot.com/ee

@simonbravo87 Жыл бұрын

Is this Issac Arthur?

@carkawalakhatulistiwa Жыл бұрын

You haven't heard about AI projects replacing the job of CEO in the future. or an AI who can analyze financial markets faster and more accurately than people who work at investment banks kzfaq.info/get/bejne/gbyobJOax9LGXZc.html kzfaq.info/get/bejne/qMuFjbWqvd65o2g.html

@carkawalakhatulistiwa Жыл бұрын

there are only 8 billion people in this world who are able to think and invent new ideas. but by 2050 we could have 100 billion GPT agents capable of thinking and inventing new ideas

@carkawalakhatulistiwa Жыл бұрын

Auto gpt . It now can even automate the work of the prompt engineer. In the near future.not to mention if OpenAI was successfully created AGI by 2030.

@carkawalakhatulistiwa Жыл бұрын

6:00 From each according to his ability, to each according to his needs in the Soviet Union : workers pretended to be working . and managers pretend to pay workers a universal basic income. if robots and AGI can replace humans workers. the workers will pretend to work for the government. and the government will pretend to hire workers while maintaining their power even without the Soviet Union's market economy. people are still innovating and working. even though in the future robots can replace humans, people will still do something, not because of money, but as a hobby.

@fede_mana Жыл бұрын

the advantage of being a philosopher is that you don't run the risk of being replaced by an AI because we are useless since before they existed

@justanormalspearton9490 Жыл бұрын

We're as useless as we let ourselves be

@j4genius961 Жыл бұрын

😂😂😂

@PrimmSlim927 Жыл бұрын

But what IS uselessness?

@Nhujon Жыл бұрын

@@PrimmSlim927 🤣

@budgetgearguru4211 Жыл бұрын

Musician here. I can check that box too. We’ve been useless since the phonograph

@yyny0 Жыл бұрын

I personally think "Prompt Writer" will NOT become a job title at most companies, but will instead become a requirement for jobs that AI will assist in, just like knowing how to use Word or Excel has become a requirement for many jobs today.

@abrahamelias95 Жыл бұрын

My exact same thoughts, it probably wont be as complicated to use to require an entiere career on it, but its going to be a necesary tool as excel or word are today

@andyasbestos Жыл бұрын

Yeah. The whole point of these AI tools it that the skill floor is pretty high, so you don't need much practice to get good results. For years, prompt engineering was a bit of a dirty word in the generative AI field, as it meant you had to craft very unnatural and unintuitive prompts to get good results from an AI, indicating that it didn't really understand what you were asking for. Some of the early examples are pretty comical. Ideally you should be able to instruct the AI in as intuitive a manner as possible, only really requiring decent general communication skills. For most uses, prompting just becomes a basic skill most anyone with some patience can get a good grip on. that's why Chat-GPT turned out so successful. You only have to worry about prompt engineering once you really start pushing the limits of its capabilities, and presumably those limits will keep expanding with each generation, making it even easier to use for a broader range of applications.

@Sralit Жыл бұрын

A friend asked me to show him how to use ChatGPT a week ago, and I didn’t understand the question. He understood why 2 min later 😅

@AAL3087 Жыл бұрын

OK so it will be a skill, like with any new technology e.g. Excel is a widely used tool but people have varying degrees of expertise and experience. So there will be those that can write more effective prompts than others as they make have more time in learning the AI models, experimenting and out performing someone who can generally use such models. Then again, there is the autonomous AI.....

@mrbb.business7281 Жыл бұрын

Prompting is not a hard skill to learn, it may become a side-skill that helps you get a job, kind of like knowing how to use canva or or being familiar with excel is a side-skill.

@marvinvogtde 11 ай бұрын

"If workers are more productive they can get paid more" man you are funny, imagine a world where increased worker productivity would go hand in hand with worker wages... What a world that would be, one can only imagine because it certainly isnt the world we are living in.

@flflflflflfl 6 ай бұрын

Wages have never been about productivity. Your wage is a function of how bad your employer needs your skills, how many other workers are available on the market with the same skills and how many competing employers are in need of such workers.

@connorbenning9920 6 ай бұрын

Only job I can think of is cooper payed per barrel they make .

@kozmoigmkliegl6192 6 ай бұрын

That's the current agenda for some to coerce people having more children, as they're future consumers while a surplus keeps wages down.

@colorado841 6 ай бұрын

There used to be people though who would work 18 hours a day, all day everyday making nothing but pin heads in a factory for 50 years. Technology has helped the poor....it has just helped the rich more. The poor today in the USA aren't like what they used to be for the most part.

@edydossantos 6 ай бұрын

You're wrong being productive doesn't mean to produce more. Your work need to have value. This is a real productivity.

@sluglife9785 7 ай бұрын

"Multiple modern A.I. programs have just learned to pause the game or shut it down, because they realise they can't lose if the game isn't running." That's the exact approach I've taken to life.

@toluwole 6 ай бұрын

“…A strange game. The only winning move is not to play.” - War Games

@jesseroggio7260 6 ай бұрын

"You can never win or lose if you don't run the race"_Psychedlic Furs

@chittodnaresh9568 5 ай бұрын

10:42 slight but massive mistake. Worker can do more work in small time. So he will do more work in the same time. So he will be payed more in the same time. Resultingly all workers will be expected to do more work in the same time keeping the total amount of EFFORT spent per day by the worker the SAME. BUT The EARNING per day will remain same if the worker is paid per hour. And the EARNING will still remain same if the worker is paid per workload as the VALUE of the workload will decrease in proportion to the increase in the EASE of workload. Believe me as this is not an OPINION, this is real EXPERIENCE. This is what is happening from the past 200 years.

@user-wr2cd1wy3b 5 ай бұрын

Seems to be something people are discovering simultaneously, some kind of Hundredth Monkey Effect of laying flat.

@generator6946 2 ай бұрын

There you go! You are enlightened! Good job! All explanations of ‘economics’ are convoluted and wordy. There’s one right here above! But here’s the truth: Economics is poor people working for next to nothing and buying next to nothing with it. Period.

@the_strange_magic_man4443 Жыл бұрын

The Video: "AI is not that bad" *Sponsored by AI*

@Jamazed Жыл бұрын

Using AI art no less.

@ronald3836 Жыл бұрын

Sponsored by or written by? 🙂

@TheBuckweat33 Жыл бұрын

Is this not the definition of satire? Even if Economics Explained was completely unbiased, this choice of sponsorship was hilariously ironic. How can anyone take this channel 100% seriously?

@sownheard Жыл бұрын

The best sponsor you can get 😂 Ai is great ❤👍

@effdahjuice6419 Жыл бұрын

@@sownheard Don't you have a soy latte to be drinking with your avocado toasts?

@wharrgarblstudios Жыл бұрын

I must admit this video hasn’t exactly filled me with much confidence - as someone who works in the Data Science space and trying to change jobs, I have been confronted with a number of executives in interviews who are basically giddy at the prospect of using ChatGPT to replace whole departments like customer complaints - it definitely feels like corporations are pushing with everything they have for your worst case scenario and most governments are either far too slow to react or are in the pockets of the corporations in the first place to make any meaningful steps to balance out the interests of corporations with their electorate. Coupled with climate change and Covid I’m honestly quite exhausted of living through ‘interesting times’

@ronald3836 Жыл бұрын

Certainly AI is a great tool to implement functioning help desks. What is the problem?

@xinfinity1147 Жыл бұрын

Do you think ai will replace data scientists?

@Jumpyfoot Жыл бұрын

As someone who recently spent an hour on the phone with their Internet service provider over a relatively solvable issue, I too am giddy at the prospect of replacing human customer service agents with some kind of GPT system.

@ronald3836 Жыл бұрын

@@Jumpyfoot I don't think there is much reason to fear AI will do worse 😀

@wharrgarblstudios Жыл бұрын

@@xinfinity1147 I’m sure it will - certainly before electricians

@alrxandersmiths242 7 ай бұрын

My grandpa taught me this a long time ago if the entity in charge won’t let u work to earn living to feed your self u get like minded individuals and u go to war.

@benisman 29 күн бұрын

Yup. If we really reach a stage of decreased living standards due to mass unemployment because of AI, you can bet that those tech billionaires will be on the sharp end of new class warfare. Perhaps that is why they are all building bunkers now...

@speeddemon138 29 күн бұрын

What a wise words!

@peka2478 25 күн бұрын

"you can work, whatever, wherever, just not in my company" is the more probable attitude of the entity in charge; So you want to go to war against company Y to work at company Y? that seems less than reasonable.. Especially as with the means of production in their hands, theyll be the ones with robots armed to the teeth, and youll be the ones with the pitchforks..

@N.i.c.k.H 7 ай бұрын

Unfortunately EE has completely missed the fact that, contrary to previous expectations, it is the jobs of "creatives" that AI is coming for first. As clearly stated, there is nothing in EE videos that isn't already available online and hence in the training set of most existing "AI"s, so creating new EE content is a (relatively) easy task.

@beab8738 7 ай бұрын

I agree that the job of creating is in danger. I used to pay for an artist or auto tracer for a vector design then a textile designer to create patterns until I realised I can just ask AI to give a clean illustration design of what I want and dump it in auto tracer to vectorise. There are even pattern generating AI but I just like being more hands on with the placement of the designs.

@joso7228 6 ай бұрын

maybe AI made this video

@evrythingis1 6 ай бұрын

@@joso7228 It's so delusion and soulless that maybe it was.

@sandponics 6 ай бұрын

I am retired and get paid to do nothing. In fact I am now so busy doing nothing that I can't imagine how I ever found time to go to a job.

@tomasmuir9812 Ай бұрын

@@beab8738That wasn’t an artist, that was a craftsmen. If you were capable of producing exactly what you wanted with AI then you never needed an artist, all you needed was certain technical knowledge. A real artist has the eye for creations that no one else would even be able to think of.

@Hodenkat Жыл бұрын

Productivity gains do not go to the worker. They go to the owners and investors. This has been true for 50 years. Longer, but productivity gains used to be more closely tied to wages before that time. Around 1980 is when it happened, more specifically.

@gregorynuttall 7 ай бұрын

100% this

@vexor699 7 ай бұрын

this has been true since the start of capitalism

@tiaelago-oretukaumunika7017 7 ай бұрын

@@vexor699it's been true since the start of sedentary civilisation

@liasonlee1248 7 ай бұрын

50 years? more like since the establishment of hierarchal structures.

@E4439Qv5 7 ай бұрын

50 years is the relevant window to us as laborers.

@Maartimer Жыл бұрын

It's a little concerning that the main answer to "what if there's 100% unemployment" was that "it won't be much of a problem because people will stop having children"

@emabrico4630 Жыл бұрын

He didn't think this one through at all...

@HeliosLegion Жыл бұрын

If robots and AI are THAT productive, why even have companies? Why do I need to pay a company for their goods when MY robots can do it by themselves? Why does a government need to pay a company when they can have their own robots?

@Maartimer Жыл бұрын

@@HeliosLegion Because it won't count towards the GDP ig

@PriyansuBhagabati Жыл бұрын

@@Maartimer tell me can an ai grow food for you on their own? Can an ai mine resources on their own? Maybe manufacture a car right in your living room? The answer not that hard

@Maartimer Жыл бұрын

@@PriyansuBhagabati idk, the video brought up 100% unemployment as a hypothetical, so that's what I responded to

@DJ_Force 8 ай бұрын

The one thing overlooked; as the tools become more sophisticated, it will take more sophisticated people to leverage them, with more education. 100 years ago, very few went to college, and a high school education was more than adequate for employment. Today, graduate degrees are very common and don't even guarantee a good job. At some point, the average person won't be intelligent enough to compete with machines.

@lukaswirmsberger6260 7 ай бұрын

Yes. This is the main point I've been worrying about as well. I don't think technological advancement kills more jobs than it creates anew. But the new jobs need a higher qualification to be able to do. Therefore the group of people unable to get a job would grow over time. A rising number of unemployed will not fit a rising number of open jobs.

@ZootSuitSanta 7 ай бұрын

But they will. The system will then collapse into socialism/communism because capitalism is based on profiting from exploiting labor to sell to consumers. If the consumer base is decimated through dramatically high long term, or structural unemployment, then the capitalists cannot sustain their profits. They can borrow and cut costs but in the end those are not sustainable solutions long term. They will have to tailor or regulate AI to work with and for skilled labor or they will lose everything. In the end, I think it will be a net positive either way for workers-either they will not be bound by capitalism or they will have less dangerous and easier jobs with the tech.

@DJ_Force 7 ай бұрын

@@ZootSuitSanta Capitalism has lifted more people out of poverty than any other system. Socialism has resulted in more deaths than any other system. It was tried, multiple times by multiple nations from Africa to Asia to Europe. It failed spectacularly every time.

@DJ_Force 6 ай бұрын

@@theo49476 Capitalism is thriving well past the age of imperialism. Also, Venezuela was much more wealthy before they switched to socialism. Now, I grant that impoverished nations are easy targets for socialism, and the rich make an easy scapegoat during a revolution. However, it remains that central planning is inefficient at best, and central planning is required for wealth redistribution, which is the central tennant of Socialism.

@DJ_Force 6 ай бұрын

@@theo49476 You said "capitalism can't succeed without imperialism". Look at China. They have grown at a incredible rate in the last thirty years and haven't created any colonies in that time.

@futurehistory2110 11 ай бұрын

If things go full on dystopian, that's definitely laying the ground work for full on revolutions. I think (especially in the developed world), uprisings haven't occurred because while economic inequality is growing, enough people have just enough to not feel that that is necessary - but all that changes if mass unemployment and dystopian mass poverty becomes the norm. That's when most people have little to lose.

@markmonaco70 7 ай бұрын

That would give alot of people a meaning to be part of something bigger than themselves.

@stevenscott2136 7 ай бұрын

And the revolution will be met with vast swarms of AI-driven kill drones. Which will probably be the size of bugs by then.

@emptyshirt 7 ай бұрын

How would such a revolution be organized? The most powerful thing AI can do is monitor and filter the flow of information. The minority of people able to work around the boundaries of the world wide web won't lead the revolution. It will just be a bunch of isolated fruitless outbursts, and then one day your phone will just stop working.

@btm1 7 ай бұрын

uprising vs superintelligent AI and robots?! good luck with that

@izzytoons 6 ай бұрын

Depends highly on whether heavily armed MAGA sides with the masses or Trump, Musk, and the rich? Hmmmm.

@JH-ph4qb Жыл бұрын

...I think the one of the bigger factors against this dystopia happening is that it assumes people will simply let it happen and the costs of ignoring said people is lower than acknowledging them. Pushing the majority of the planets population into total poverty sounds like a good way of making that population decide to fight you or die trying.

@nikhil62063 Жыл бұрын

Yes when people children will sleep hungry we will do anything. Those billionaire can't protect themselves from billions of people against.

@daytonaofcv6856 11 ай бұрын

Thats why they will have robot armies. 🙁

@daytonaofcv6856 11 ай бұрын

Obviously, we can't let it get to that point.

@sophon238 11 ай бұрын

The point is to continue to take care of you until AI is powerful enough to kill you all.

@dmfaccount1272 11 ай бұрын

@@daytonaofcv6856 or worse, armies of automated drones whose only job is to fly around and kill every poor looking person they see.

@grimwaltzman Жыл бұрын

I've been using ChatGPT to assist my software development work for the last couple months. So far, it is definitely not enough to replace me as a developer, but it sure makes getting information much easier and faster, as it often allows to skip the StackOverflow scrolling. But the code it outputs, save the most basic stuff, often either doesn't work at all or does not exactly what was prompted, therefore requiring quite a bit of refactoring.

@blueberry9919 Жыл бұрын

Exactly, it's simply a fancier search engine for people who don't know how to use Google

@ktms1188 Жыл бұрын

Chat GPT is a Consumer facing program, in its third and fourth iteration. It’s like saying you saw a little bit of fusion in the 1900s and do not see Nuclear bombs coming.

@arv9993 Жыл бұрын

@@blueberry9919 gpt 4 is far better. It can actually output very relevant code. As this tech gets integrated into many more systems and gets better over time. A company will need fewer devs to do the same amount of work. This is, without a doubt, a game-changer. However, we will simply get more work/applications done like 50x the software there is out today

@RagaarAshnod Жыл бұрын

*in your hands it's not enough. Be mindful of the possibility of confirmation bias, and review the underlying assumptions just to be safe.

@Anonymous-vh9tc Жыл бұрын

Chatgpt + copilot will make your life a lot easier.

@baronvonchickenpants6564 6 ай бұрын

I remember watching tomorrows world as a kid in the seventies, they predicted that in the year 2000 we would all live in luxury no more work etc, the robots would do it all, you've got a lot to answer for Judith Haan

@wooddavid8293 11 ай бұрын

In Asimov's sci-fi novels, the end result of automation and AI was the world of Solaria. Populated by about 20k estate owners an their robot servants. So, much lower population and and lives of luxury for those who are left. Some of the social outcomes were pretty interesting - people interacted via screens and it was taboo to have in-person contact. In Frank Herbert's sci-fi novels, the threat of AI and automation resulted in the Butlerian Jihad - a kind of galactic Luddite revolt.

@frenchonion4595 23 күн бұрын

That's exactly whats going to happen. Any billionaires that are smart are buying up mines and investing automous mining equipment. That's step number one.

@neh1234 Жыл бұрын

The tragic thing is that, were this a good world where everyone worked towards the wellbeing of their fellows, the last few advancements in technology would already have meant the end of poverty, grueling work and men being free to pursue their dreams. Instead now we have to worry about some faceless assholes using this technology to kick even more people into poverty just because they want to buy two more yatches every year.

@liasonlee1248 7 ай бұрын

That's capitalism

@natel9019 7 ай бұрын

@@liasonlee1248That is what happens in communism and every other ism as well. Poor masses and rich oligarchs.

@liasonlee1248 7 ай бұрын

@@natel9019 you mean human is just a masochistic species? Why don't you pick up a proper book and read?

@izzytoons 6 ай бұрын

There are too many fanboys of the wealthy. They support the accelerating concentraition of income, wealth, and power.

@timtebowfan628 6 ай бұрын

I am in my 60's and I worry about people in their 20's, what will they do when they are my age?

@Flyingclam Жыл бұрын

Ive noticed AI seems best to replace middle income jobs. Like that middle managment or low level creative jobs. My fear is that income mobility will become exceptional hard in the future. Along with heavy depression of low skill jobs wages due to increase labor supply

@niklasmolen4753 Жыл бұрын

I heard an economist who suggested that 100% inheritance tax should be introduced. Because those who learn to handle AI will accumulate astronomical amounts of assets and everyone else will have very little. Inheritance tax would then go towards paying a large sum of money to people when they turn 18, so they can start a life. There are obvious problems with the idea, but gave some food for thought.

@GiRR007 Жыл бұрын

@@niklasmolen4753 That sounds horrible... Stealing from people just bwcause they succeded. AI is the democratization of labor, it will allow more people to do more things instead of being bumogged down by the usless jobs.

@chandy3859 Жыл бұрын

@@niklasmolen4753if the people have very little. That meant the demand for product/service will be gone. Which mean the AI will not generate a lot of money if nobody are buying it. Edit: personal opinion, take it with a grain of salt.

@chrismullin8304 Жыл бұрын

Unfortunately, no one listened to me, when I said the future is in Plumbing.

@Daniel-ef7nk Жыл бұрын

You are spot on and the elites know that and will want to take advantage of this technology to enrich further, this is something we need to talk about instead of dismissing

@0ddman0ut64 7 ай бұрын

One question still lingers in my mind. If all customers are employees and automated systems push the vast majority of employees out of the market, then how will the economy keep going? Capitalism needs people to be spending money to keep it flowing through the system, does it not?

@WE_DONT_LIE 21 күн бұрын

Your correct they are just extremely sort sighted by green

@kevnar 4 ай бұрын

Yes. Billionaires fire everybody to cut costs, but then nobody has money to buy their products. They can't not be greedy, but their greed ultimately destroys their wealth. Such a paradox!

@slashine1071 2 ай бұрын

nah, billionaires will become trillionaires and then quadrillionaires, and they will have so much money that entire industries will exist just to satisfy their personal needs. They will have capital on par with nations, and possible entire nations of robots and pet humans to rule over for their amusement.

@clray123 Ай бұрын

Their greed does not destroy their wealth, what destroys their wealth is competition for natural resources they consume. Fewer humans consuming = more of the cake left for them.

@Wary_Of_Extremes Ай бұрын

The long end game is to simply own everything. At some point, the automation with be good enough that the owners just shut their gates and have automated everything and don't need the masses.

@clray123 Ай бұрын

@@Wary_Of_Extremes Masses will still be employed for menial work if they are easy to subdue and cheaper than robots.

@hungrymusicwolf Жыл бұрын

"There's no reason to think things will be different this time" - there actually is. There were always tasks that couldn't done by anyone but humans. AI + Robotics does not have that limitation. When we were automating things such as weaving we still always required humans to think up the what and how. Our minds were irreplaceable, but AGI changes that.

@sterix_gg Жыл бұрын

Exactly. And creative jobs are threatened first because we're developing the brain faster than the body. As soon as robotics catches up then the real fun will begin. That dystopian prediction is probably where we're headed. If u think about it, making "good" money has been getting progressively harder and the number behind the word good has been getting progressively bigger. Or in other words, to have the life of the middle class from 50, 60 years ago, u'd need to be making some 150k+ annual. But if u actually are making that today then u're not in the middle but in the upper percentage. Back then it was called the middle class since the majority of the plebs were in it. Today the majority of the plebs are living on the edge and it can't even be called living, just surviving. So a future of millionaires and billionaires only doesn't seem so crazy if we just look ahead at the path we've been on so far.

@andyzola 11 ай бұрын

If an AI can 'think' of something that creates value- that value will rapidly commoditize into something that humans and their brains can, and will, work around. That's how it's always been no matter the scale of technology.

@ShpanMan 11 ай бұрын

@@andyzola You're missing the point. Any job that a human-level AI creates can be taken by another human-level AI. Humans will not be needed.

@andyzola 11 ай бұрын

@@ShpanMan Maybe. But humans are going to merge with AI before AI has enough autonomous motivation to consider humans as somehow obsolete. It would be a survival impulse for both parties to agree to merge anyway. A very efficient market

@henryr2954 10 ай бұрын

I don't think we're anywhere near that yet. I work for a tech firm that is at the forefront of Gen AI. We are adopting it all over the business and it's massively improving our productivity. The outcome? The demand for Machine Learning Engineers to fine-tune the AI, monitor their performance, collect new data and feed it into the fine-tuning processes, find new applications for AI and tweak the algorithms to improve accuracy has sky-rocketed. And this is the highest paid profession in the company. So basically so far it's creating many new jobs and those jobs are higher paid than the ones that came before. You can speak in terms of hypotheticals and claim that this time is going to be different but on the front lines I can assure you it's not looking any different so far...

@c.rutherford Жыл бұрын

Nobody is going to convince me that 99% of the money backing AI development isn't to replace salaried people with robots, so those investing in it can make more money by laying off their workers which is their #1 expense. Especially in 'skilled' jobs, which was always the area they were forced to pay people good money. Where AI now makes replacing them possible for the first time ever. There may be a few who are dumping big money into it for the good of humanity but.... oh lets just give up on that. NOBODY is spending big money on it for the good of humanity lol.

@alexwilsonpottery3733 Жыл бұрын

Finally, someone gets it. Economists, as usual, seem flummoxed.

@thetayz72 Жыл бұрын

Yeah can't wait for a decent blue collar to be the highest aspiration available to someone not born with the silver spoon

@c.rutherford Жыл бұрын

@@thetayz72 sadly its looking like programmers are going to be murdered by AI in the job market. Like 75% of those jobs gone in the end. Which really sucks, because I always enjoyed programming. Tech support also is going to take a massive whallop once those support ChatBots get established and relentlessly improve. Isn't that wonderful. Insurance claims processors and even doctors may find their job security in question, when all this including diagnosis can be automated by learning intelligent bots. Accountants too. And on. I guess I'm lucky I'm the age I am! It was nice while it lasted. I'd hate to be starting out in this.

@klavczarkalafan4191 11 ай бұрын

While indirect and unintentional - that hypothetical future is definitionally genocide - what this video describes is that entire cultures will be priced out of continuing to exist. Only the family lines of the wealthy billionaires will continue. This is not something to sit down calmly about!

@SiphaSchola 8 ай бұрын

Adding LOL to the end of your message doesn't make it any less depressing,

@The2wanderers 7 ай бұрын

The communication piece is underrated. I've seen so many think pieces about how AI is going to take my job (accountant) and I'm like "the computer already does all the accounting, my job is to explain it to an architect."

@izzytoons 6 ай бұрын

The computer is coming for your. There are alreayd accountants who have lost their jobs, because it takes fewer accountants to run AI. You should be-thinking about you re-tool to make sure you remain one of the advanced accountants who can run AI and stay employed. It will get more and more competitive.

@andrewhopkins3397 27 күн бұрын

Your argument isn't clear. It used to take entire departments of accountants to run a company, but then software (automation) came along to do all of the accounting, so a company could just have one person running the software. If AI can be put in between the executive and the accounting software, then why do you think your job would be safe? Just because it hasn't happened yet, doesn't mean it won't. That's the whole point of AI coming for your job. Are you trying to make the argument that that step is just "too difficult" for AI to ever do?

@Braegonftw 7 ай бұрын

Seems like a good time to get into engineering or programming, have you seen the amount of error codes simple machines throw already?

@johnny_belmont Жыл бұрын

"...so they can continue to live, but MOST IMPORTANTLY, CONSUME." Modern economics explained in one sentence.

@LinasVepstas Жыл бұрын

This youtube channel explained, in one sentence. This guy is pretty hard-right libertarian, and that ideology seems to blind him to a lot of obvious facts. Shame.

@kjbkix Жыл бұрын

Yeah, that line stuck out pretty strongly didn’t it? With that said, if you change the word, CONSUME to “IMPROVE THEIR LIVES“, does that potentially change your perspective on the prediction? We consume much more than disposable commercial goods and useless luxuries after all. We should produce what is valuable to society, which, from the other side of things means the goods and services that move our lives closer to a state of ideals. Curious your thoughts on that!

@johnny_belmont Жыл бұрын

Hey. For sure it would, but that's not what the "for profit" mindset is about. And It's definitely not about contributing, but pleasing stockholders. People contribute, for sure, not psycho corporations. What you're describing is exactly where we should to be, if our very political arteries were not infested w corporate greed and profit-over-well being mindset. In other words, I agree w what you said 😄

@kjbkix Жыл бұрын

@@johnny_belmont which is why my suggestion only makes sense when "for profit" is no longer the incentive that it once was. once low income people are no longer so desperate to take on low paying jobs, the corporate structure changes dramatically. I haven't thought through the full extrapolation of how this unfolds, but I have a short/medium-term optimism about the quality of life improvements that can be offered to people such that they reduce reliance on crime, drugs, and minimum wage jobs

@huveja9799 11 ай бұрын

That isn't modern economics, but modern religion, which is devoid of all love for humanity ..

@JJs_playground Жыл бұрын

I don't want to say this time it's different, but *this time it's different* then any previous technology we have created. We are creating thinking machines that can recursively improve themselves. And once we nail humanoid robots we are going to be in an era we have never seen before.

@matthewparker9276 Жыл бұрын

Humanoid robots are a gimmick, form will be dictated by function.

@JJs_playground Жыл бұрын

@@matthewparker9276 why do you think it's a gimmick? We live in world made for humans, why wouldn't we build robots that mimic our form.

@ReturnOfHeresy Жыл бұрын

@@JJs_playground Because a flying drone is better at delivery than a humanoid robot. So too with harvesters, excavators, etc. Many if not most tasks can be more efficiently done by an optimized form.

@ReturnOfHeresy Жыл бұрын

I agree it's different (Humans Need Not Apply). But the real problem isn't humanoid robots, the real problem is AGI, or a facsimile AI that can create special AI for any given task. Both of those are "mechanical minds" that can replace humans en masse.

@ronald3836 Жыл бұрын

@@gagan4127 Legs are far more flexible than wheels.

@laurencedavey3121 6 ай бұрын

I don't think it's a conflict of interest at all to have an AI product marketed during a video about AI, and I think I can totally trust Economics Explained.

@dudebromanguy 7 ай бұрын

What "value" do board members, CEOs, and other business owners provide? They provide capital, sure, but "business decisions" would absolutely be a task that AI could do. So, why aren't we assuming the vast majority of business owners won't be replaced too? It would be in their interest to support UBI, because the machines will come for their jobs, too.

@antonkryzsko Жыл бұрын

My wife’s job got replaced by the internet years ago. She use to work for an airline in reservations. Wen she started there were over 100 people who would take calls and book flights, hotels, rental cars, and so on. By the time she left there were less than 20. The pressure was to get people to book everything themselves through the website. What was a free service now came with a $50 service charge or you could do it for free online. She got another job that she likes more.

@ronald3836 Жыл бұрын

Of course the cost of the "free service" was priced into the tickets, which are now cheaper. Overall we profit, but the transition certainly has a human cost.

@snowflakemelter7171 Жыл бұрын

@@ronald3836 Did the price of groceries at the super market become reduced when self service checkouts replaced a human cashier?

@GiRR007 Жыл бұрын

@@snowflakemelter7171 yes

@ronald3836 Жыл бұрын

@@snowflakemelter7171 of course that reduced prices.

@snowflakemelter7171 Жыл бұрын

@@ronald3836 It didn't in any of the supermarkets in my country. In fact. Prices have INCREASED since then.

@harshstudy488 Жыл бұрын

One big flaw i found in all these videos about ai is they compare this with printing or other general purpose technologies we seen in past but steam engines and printers were only threat to one ,two or just few progression on the other hand ai is almost capable of doing all the jobs from finance to labour , reasearch to teacher . In past we have seen some sectors getting disruptied but this time its diffrent bcoz almost all the sectors are getting affected .

@jzerf5329 Жыл бұрын

I will only partially agree. All sectors WILL be effected, but currently only one or two are actually feeling an impact right now. IT companies are experimenting with replacing people, but construction crews will be here for a very long time yet. Even those companies that could replace all their writers with chatGPT today (video game writers for example), will still need humans to proofread the bulk of the writing for decades to come.

@TheBrazilRules Жыл бұрын

Nah bro. you tripping

@zichenglong6992 Жыл бұрын

I think I understand what you're trying to say, but I don't think you're framing it right. I think the most important point should be this: those technologies before were tools that act as personnel multipliers. The fear of AI is that it's not going to be a personnel multiplier, but a personnel replacer. In the end, a printer can't outperform a human in all aspects; it simply outperform a human in producing the actual paper with words on it, freeing up people to do other things that they can beat the printer at. The problem with this potential future AI? There's nothing that a human can beat it in. Well, or if there are only a very few niche areas where humans can beat the AI, that's enough. We can have all humans doing the same jobs, now can we? So yeah, that's where the problem will start showing, and I think what you're trying to say :P

@macmcleod1188 Жыл бұрын

Yup. In China when they invented robotic noodle Chef it completely wiped out every human noodle Chef overnight. Those guys were only earning $2,500 per year on average. The United States were looking at a mass replacement of human labor in places like fast food, warehouse jobs, driving jobs, commercial artwork, grocery restocking and many cleaning jobs over the next five to 10 years. Estimates are that it's about 10% to as high as 20% of the economy. Also his video ignores the lesson of the luddites. When machines rapidly replaced humans, the human luddites mostly died of homelessness and exposure. They got violent but the Army put them down. And yes it's going to be trivial for robotic security to suppress human revolts.

@huveja9799 11 ай бұрын

The great flaw is that we have stopped asking ourselves some time ago about the purpose of human beings, and taking for granted that their purpose is to serve the economy ..

@Brandon-cc4ft Ай бұрын

A prompt engineer is already a job. They essentially give the AI exactly what constraints confine its output. This job is very tricky because it involves combining a lawyer, english major, and system analyst to ensure the correct restraints.

@charlescumming9019 7 ай бұрын

I feel like now could be a good time to change to a new system. Technically, robots could clothe everybody, feed everybody and build homes for everybody as well as service themselves. I'm sure there are things to figure out but that's the general idea. Could be a good thing. Here's hoping. ✌

@drcosmos137 Жыл бұрын

This video is perfect evidence why economists are the worst people to ask about, well, basically any issue. It's funny that CEO's and economists seem to think that their jobs are immune to AI.

@anotherboredperson Жыл бұрын

The decision-makers will never be in a position that will incentivize them to lessen their own power. No economic force will ever lead those in the highest rungs of power to act against their self interest. Market forces do not exist- only power relations of people that will change with their incentives. CEOs are often high stakeholders themselves and do not ultimately cost the companies much salary-wise as most of their income comes from this stake. The idea that a company will automate away its own power structure is synonymous with the idea the USSR would work towards dissolving itself and achieving communism. Which is to say, get ready for the CEO equivalent of Stalin.

@gyurhanaziz7676 Жыл бұрын

He didn't mention economists

@cormoranoimperatore8413 Жыл бұрын

I mean, if they are the boss and the one who owns the means of production who’s gonna fire them?

@EntertainBend01 Жыл бұрын

@@cormoranoimperatore8413 i guess shareholders

@ronaldp7573 Жыл бұрын

Exactly. The CEO is not the boss. The shareholders are the boss. To be unfire-able you must be the chairman or owner of a private corporation. Then only your customers can fire you

@Chris-pq3wp Жыл бұрын

We can already see the effects of this. Companies offshored millions of industrial jobs to low wage countries and automated them and it negatively impacted the finances of the people that lost their jobs. The jobs that replaced them were low paid customer service and warehousing jobs which will probably be automated by AI also. The profits from these cost savings have gone to shareholders and any consumer gains from low prices have been negated by high inflation from money printing by the government in order to pay for the economically disadvantaged people.

@brocky69 Жыл бұрын

Governments usually print money for the benefit of the rich not the poor

@2drealms196 Жыл бұрын

Thank you, EE just is unwilling to see this reality

@just_a_curious_thinker Жыл бұрын

EE is funded to spread the propaganda

@theBear89451 Жыл бұрын

No, US manufacturing is up in terms of revenue, just not in terms of jobs.

@tablab165 Жыл бұрын

Not only from money printing, but by general corporate greed. Board members don’t have to charge more for goods and services, they just want to.

@dr.gordontaub1702 11 ай бұрын

Just continuing the thought experiment in the first half of the video. Not sure if this would work or not. But it seems to me that the dystopian, "people would just starve to death' scenario could be avoided by replacing the 'universal income' model with a 'universal equity stake' model. That is instead of people getting a monthly check for doing nothing, they get a monthly number of shares in whatever hypothetical company we are talking about that owns all these robots. (On second thought, I think I just re-invented communism.)

@roberthess3405 Ай бұрын

No, you didn't reinvent communism. In communism the state owns and controls everything. What you suggested is a form of socialism where workers co-own the means of production. Nothing wrong with that. REI, for example, is co-owned by the people who work there (though I don't know whether this is true for 100% of REI's shares, maybe not).

@chrisbarry9345 7 ай бұрын

You don't need to replace anything close to the full labor force for everyone to be poor. Unemployment during the Great Depression briefly peaked at 25% and the people who live then were scarred for life. The problem is is that's unemployment goes up wages go down and before long even the people who are working can't afford anything

@Zevelyon Жыл бұрын

The only real job of an economist is to convince people that everything is fine.

@brightlight3520 Жыл бұрын

Definitely a common theme the past couple of years

@jamesgravil9162 Жыл бұрын

Whenever I hear an economist say everything is fine, I start panicking.

@ZentaBon Жыл бұрын

I feel like economics is just so divorced from daily quality of life that it feels completely meaningless to me. Great the USA has the most in terms of GDP, but then, oh no! Everything from housing to healthcare costs a fortune meaning average people can barely scrape access to it! but who cares! The GDP IS HIGH RIGHT? EVERYTHING IS FINE RIGHT? PEOPLE SUFFERING? WHO CARES BECAUSE THE GDP IS HIGH YAY🎉😂😊😮

@plumbing1 Жыл бұрын

Yup

@Hodenkat Жыл бұрын

And that if the economy is not fine, it will correct itself. They never tell you who will pay for that "correction", but those on the lower economic end are usually those people.

@chriscarter4563 Жыл бұрын

Every new piece of tech has been framed as a way to make society function more efficiently, and a way to improve our lives. And while most tech does have the capability to fulfill those parameters, there’s this other side that we seem to not really talk about. The part where it’s actually mostly negatively impacted our lives, and made us feel disconnected from society as a whole. Nobody expected smart phones to negatively impact us in the ways they have, and I think ai is going to be similar. It will also make us more efficient than we’ve ever been, but at what cost?

@sophon238 11 ай бұрын

At the cost of the poor and ugly. Only the rich and beautiful will have utility.

@futavadumnezo 11 ай бұрын

@@sophon238finally. Someone who understands.

@davidwuhrer6704 8 ай бұрын

Technology can make our lives better, and it can make our lives worse. It doesn't depend on the technology, it depends on how it is used: on who it is applied for and who it is applied to. Technology that makes our lives easier is readily adopted by those who have access to it. Cutlery and umbrellas were first adopted by the upper class and made their way from there to the general public. Technology that makes our lives worse is forced first on the least powerful members of society and then expands its scope until it encompasses all of society. Surveillance cameras being one example.

@tritownsound 7 ай бұрын

Agreed and I think efficiency is an intentionally misleading term in this context. A reasonable assumption is that a more efficient and productive worker will be better compensated, but that is typically not the case. The introduction of the personal computer to the workspace is a good predictor of how AI will impact wages and unfortunately it's not a rosy one.

@davidwuhrer6704 7 ай бұрын

@@tritownsound An efficient locksmith is still paid by the hour.

@Parciwal_Gaming 7 ай бұрын

Problem is: The few people that own the companies mostly put the extra value from increased productivity into their own pockets, instead of giving it to workers. (There is a often cited graph that from somewhere in the mid 19hundreds the wage increase in proportion to inflation, doesn't keep up with productivity increases)

@siszi6 7 ай бұрын

read the Ai economy. i liked how it highlighted that although structural employment exists from tech innovation people can go to other jobs e.g. horse carraige to car manufacturing, people find a way and we can ideally have more people doing jobs that need human interactions, e.g. carers, artists etc

@delta5672 Жыл бұрын

Never have I seen productivity convert into higher pay for anyone I've ever known

@UniDeathRaven 11 ай бұрын

work smart, not more "

@MrSociofobs 11 ай бұрын

It converts for those who are directly benefiting from that increased productivity, so mostly business owners and the ones working for themselves. The ones working for an employee paycheck won't get that benefit, because it's not their productivity that dictates how much they get paid. Their employers dictate that.

@dirk-jantoot1167 11 ай бұрын

@@MrSociofobs to be more precise, their pay is determined by supply & demand on the labour market. Lets say a new technology makes it possible for workers to produce 2x as much. Ok, nice. Does it require more skilled, and therefore more scarce workers to actually use that technology? If not, they won't get paid more. But if, say, workers now have to program certain machines, need higher intelligence to work effectively in the new situation, etc. Then yes, pay does go up! But it could also stay the same or even go down, if the technology actually makes the work easier than it was before.

@MrSociofobs 11 ай бұрын

@@dirk-jantoot1167 Right. But still, even a skilled worker can be underpaid more easily, whereas the business owner will simply go out of business if the business isn't making enough money. If I'm, say, working as a painter, the clients don't pay me, they pay the company I work for which then decides how much to pay me. if I'm working for myself, I dictate how much the client has to pay me. Both routes have their pros and cons, but imho, the second route is far more fair, honest and transparent even if it's much harder to succeed.

@an000n 7 ай бұрын

Increased productivity would mean you have to work less in a society were you’re payed by the task not by the hour (which is slavery)

@creedolala6918 Жыл бұрын

I think if you asked a couple of years ago if it would ever be possible to make the kind of art midjourney does with prompts, they might have said "it's at least a couple of decades away, if it's possible at all". The one thing that humans will generally be good for is physical unskilled labor. We could likely build robots that do landscaping or roofing right now. But it's like reinventing the wheel, all the complexity that goes into a robot with that kind of flexibility and pattern recognition, it's overkill for tasks that are pretty simple for us. Like building one of those Boston Dynamics robots just to give you a haircut.

@deohenge1865 Жыл бұрын

I agree with you on both fronts and would add that, at least for now, robots are best at replacing people performing tasks in environments that were already well-suited for robots in the first place. AI creating digital art, digital writing and digital problem solving are somewhat unsurprising leaps because, funny enough, the environment was already better suited for code than it was for people. Replacing manual labor only really works well if you can create a repeatable, accessible set of actions for the robot to perform within a controlled environment. For example, if a storeowner or restaurant wants to incorporate a machine like that, it's almost always easier to redesign the building/kitchen from the ground up to incorporate it than to design a machine that can navigate and do the task in the existing infrastructure.

@edumazieri Жыл бұрын

I gotta disagree with the first one. You may be right on a few instances, but for the most part, we have often overestimated our technological progress the past 50 years or so. Most science fiction from the past would have placed the year 2023 with flying cars, robots everywhere, etc. Anyway kind of moot point, if you expected too fast, then it's slower, if you expected slower, then it seems faster. There's really no objective way to measure how fast technology evolves as we have nothing real to compare it to. The second one is very good point, but it's a lot more complex than that. As long as we have cheap unskilled labor available, then there won't be a major incentive to automate it. But also, even without that specific goal, for example "automate roofing", technological advances in the future might make it a lot more feasible, so it might happen anyway. Anyway, who knows.

@moosiemoose1337 Жыл бұрын

We have roomba like robots that can cut grass, that's landscaping.

@creedolala6918 Жыл бұрын

@@moosiemoose1337 true, what I had in mind was something that can get out of shrub out of the truck bed, carry it to the appropriate spot, and plant it.

@arthurclery5731 Жыл бұрын

The brilliance of the robots Boston Dynamics are designing is that unlike traditional robots, which are designed specifically for individual tasks, their robots are generally designed so that, like people, they can quickly learn and adapt to a wide variety of tasks. This means you don't need to start from scratch whenever you want a robot to do a new task. We still appear to be quite far off from this being a reality though.

@kinngrimm 7 ай бұрын

We already have prediction about ressource shortages. The amount of rare earths needed to create this workforce, have it maintained and updated is mindboggling. Therefor i would think at some point the costs of such workforce where it comes to manual labour at least, will increase dramaticly and not every company will be able to afford and still make money with their products. So there will be a big crunsh in terms of existing companies surviving this propable trend, too. All that combined with people still existing, will then most likely create seperrate markets. One thing that may still be of value are artistic or just in general handcrafted products. Why would anyone feed a cancerous company if instead they can help their neighbours out a bit?

@clray123 Ай бұрын

Maybe it's because your government, holding a gun to your head, who decide where your income is spent, rather not yourself, and the government crooks are (always) in cahoots with the cancerous companies? (This btw is the dream world of many anti-capitalists in this comment section.)

@easternwesterner 27 күн бұрын

Because it is cheaper to buy from a company? Because you are raised to think it is cool to buy from a company? Because only the company can pass the mandatory governmental product testing and licensing? etc etc

@geronimomiles312 4 ай бұрын

This was a reasonable assessment. Time will tell if its accurate. But ive seen it suggested that productivity will rise , only until human capabilities are fully eclipsed . But its that very rise in productivity per one person , which obviates other people in the field. So the obsolescence of individuals will be more gradual , and precede the eclipse in capability. This actually is in affirmative accord with an aging population , and the reduced need for labor should provide more opportunity for procreative and consumptive behavior... Depending on the control and structuring of economic behavior.

@washinours Жыл бұрын

I love how reassuring he is saying most economies have all time low unemployment. So we work and work, more than 1 job for many people and can't afford a house, can't afford a family, can't afford basics. Is it supposed to make us feel better?

@Homer-OJ-Simpson Жыл бұрын

That’s an improvement in the past where people Starved

@artypyrec4186 Жыл бұрын

@@Homer-OJ-Simpson That isn't a great argument

@Homer-OJ-Simpson Жыл бұрын

@@artypyrec4186 people able to live is usually a good argument. And OP comment is way to much hyperbole- only a small percentage work a full time job AND another job. It’s a tiny percentage. And percentage of people who can’t afford basics had fallen a lot globally.

@artypyrec4186 Жыл бұрын

@@Homer-OJ-Simpson The fewer starving argument, it's far too simplified of an argument. There are more people starving in pre industrialized societies, and post industrialized societies has starving people even if they are surrounded by food. Depending on the time period, changes the story even tribes now starve because some food resource get used up by industries. The argument is just too simplified.

@Homer-OJ-Simpson Жыл бұрын

@@artypyrec4186 "The fewer starving argument, it's far too simplified of an argument" Global extreme poverty fell from 45% around 1980 to about 10% today. This is not an argument you will win, it's an argument that will show you dislike of facts and progress made. The % of People today starving is likely at it's lowest ever. The wealth that people have today is at it's highest ever. Why don't you care for facts?

@oscarrojas2926 Жыл бұрын

I'm a software engineer and I've been thinking about this problem almost on a daily basis. The question that I'm currently wondering about is who will these companies sell goods and services if no one can find a job...?

@ShadyRonin Жыл бұрын

they’re going to sell goods and services to each other and create a dystopian hellscape and potentially even genocide for 95% of the human population. People don’t seem to get it. The future path we are on is so bleak. The irony is we could actually create a utopia for humans, but this would require a massive paradigm shift about how wealth should be shared when generated by machines and not hoarded. I have very little confidence that the sociopaths running the big businesses that will win the zero sum race for wealth will ever grasp this idea or care to make life better for humanity

@Nermalton77 Жыл бұрын

To the few 0.01% that are owners and have some pudchasing power.

@igorthelight Жыл бұрын

There is an idea that everyone would get some shares in different companies so they could at least buy something. Just an idea.

@Nermalton77 Жыл бұрын

@@igorthelight yanis varoufakis is a big proponent of that

@saliferousstudios Жыл бұрын

That's my fear. These people so quick to layoff 30% of their labor? If everyone is doing it, doesn't it just cut into their profits. If your sales go down 30% due to layoffs, and maybe another 10-20% due to boycotts..... did you really make a sound business decision?

@NazDaRuler 9 ай бұрын

“You can’t lose if you don’t play it” This killed me

@cypher1133 7 ай бұрын

I am a technical writer, and knowing what my job is, i can confidently say it will be one of the first ones to see a massive layoff, after all ai can already pretty much do most of the stuff that we do, and its not long before some ambitious manager comes with a plan to automate most of the process then they wont need writers for long, only editors, much more productive dont really care though, i am pretty sure i will be somewhere doing something prbly.

@carultch Ай бұрын

As an engineer who uses the work from technical writers, AI-written technical writing is completely useless. AI is good at giving you the illusion of knowing what you are talking about, without providing any substance that I really need to do my job. It's like AI customer service. The entire reason I'm calling customer service, is that I need a human to understand my problem with a product or with its documentation, and I need them to help me resolve the problem. If it were possible for AI to solve my problem, it would've already been written in the manual in a format I can easily understand. I might as well just listen to "your call is important to us" on an infinite loop, if I have to call AI customer service.

@hungrymusicwolf Жыл бұрын

A little warning on the whole "AGI is still a few decades away", that's basically the same thing they said about every single achievement AI has made in the last 5-10 years. It's what computer scientists say when they want to pretend the problem doesn't exist. It's something that for example the "Father of AI" was on board with until he saw what ChatGPT 4 was capable of and left google to start speaking about the concerns it gave him about AI. Something he used to believe simply wasn't a problem.

@gonsleiva3595 11 ай бұрын

It is not decades away. This has been revised to just years away by George Hinton and other AI pioneers, after seeing how powerful the latest LLMs are. George quit Google just to speak of the danger so it is taken more seriously

@danielrodrigues4903 11 ай бұрын

AGI will probably be here within this decade. Where our civilization goes from there on will be interesting, to say the least.

@kingdadu 6 ай бұрын

True. No one can factor the exponential increase from AI improving it's own code.

@hungrymusicwolf 6 ай бұрын

@@kingdadu There are even indirect ways of how programmers having access to AI with coding knowledge speeds up development. That speeds up both how fast AGI will be made as well as makes investments more efficient into the IT world, which speeds up development. It really is beginning to snowball.

@chittodnaresh9568 5 ай бұрын

@MysteryKmt Жыл бұрын

My mom is an administrative assistant. Lost her job to AI last week

@RidleyE Жыл бұрын

Tell us more. I am so sorry to hear that

@bamsuth9650 Жыл бұрын

sorry to hear

@rosevelvet4357 Жыл бұрын

I’m sorry to hear that man give her a big hug from the rest of us waiting/expecting to lose out jobs to AI in the near future

@youngdegenerate1002 Жыл бұрын

Please tell us details.

@kitsura Жыл бұрын

Better git gud in AI coding and robotics maintenance stat

@joela.4058 9 ай бұрын

This channel has been choosing GREAT topics for videos the last year. This is interesting stuff

@simleek6766 7 ай бұрын

If a robot had the same amount of motors as we have muscles, it would cost about 100,000$ per year in upkeep. With fewer motors, it may still be capable, but less so. Your imaginary robots don't really exist, and won't for a long time. Info-work wise though, like programming, art, etc., doesn't cost nearly as much in upkeep.

@Ramschat Жыл бұрын

The idea that every replaced worker will just become an AI-programmer/engineer conveniently ignores the fact that a large section of the population simply doesn't have the mental capacities required to do that kind of work. AI is replacing simple work, while creating more high-skill jobs. As more and more jobs become high-skill, a larger portion of the population will be unable to keep up.

@yamataichul Жыл бұрын

I'm worried for some relatives from rural area in their 30 to 60. They are decent people and to some extend they sacrificed working abroad for little pension, not only they risk to not get enough years for working simple jobs they won't get to have enough to live back in their village properly or at all. Is not their fault they weren't educated enough to at least 75% and believe in what they believe.

@cloudkitt Жыл бұрын

It's more than that, though, jobs will be created that we're not thinking of as well. Every stagecoach driver didn't have to become an automechanic. The emergence of the car created a vast amount of new and different professions across even completely unrelated industries simply be virtue of increasing the average person's mobility.

@HonoredMule Жыл бұрын

I challenge your assertion that large amounts of the population lack "the mental capacities." What most people lack is training, not intellect. When the internet disrupted everything, one of the main compensations it offered was wider, easier access to most human knowledge, empowering self-education. In other words, it provided the means of satisfying its own newly-created demands. Not everyone benefited, but the option was meaningfully available to more people than ever before. An estimated 25 to 50% of employed programmers have no formal education in the field. The internet made that happen. What has astonished me most about ChatGPT is how profoundly useful it is for learning new things. With the internet, I have to know some important keywords to identify my subject or skill of interest, and wade through content articles (and mountains of ads and ad-propping fluff articles) evaluating for relevance, legitimacy, authority, and even logical coherence. It still takes a considerable amount of skill to even just access information on the internet; forget rounding out an unfamiliar field of study. With ChatGPT, I don't even have to have a clue what I'm talking about. Starting from square zero I'm just a few prompts away from distilled, relevant explanations of complex topics and a conversational means of drilling down to specifics. (This is especially true when dealing with objective subjects like geometry, code, chemistry, etc.) The only skill left up to me is having the sense to request citations and fact-check all information against authoritative sources. Incidentally, that's the one remaining skill that must be proactively pushed on the general public. So-called "white collar" jobs are about to be an order of magnitude more accessible to all walks of life than ever before. In many cases it'll even meaningfully assist people with seriously challenging neurodivergence.

@PulsatingShadow Жыл бұрын

Yes, it's almost like genetic engineering and a race realist approach may be required.

@georgeyou Жыл бұрын

@@HonoredMule That's suspiciously well said my man or ChatGPT. Can't tell. But either way, well said!

@UniverseOfAtoms Жыл бұрын

I think the idea that AI will just make people more productive and add more value to the market is incorrect. Let's take animation production as an example: if most tasks are automated and therefore a few people can make a movie instead of hundreds, it doesn't mean that hundreds will retain their jobs, become wildly more productive, and the quantity of animated content will explode. There's a finite limit to how many animated movies the market wants, so there's no need for the increased productivity. Therefore, most in the industry will lose their jobs forever, budgets for movies will drop to insanely low levels, and therefore the value of acquiring that content will drop off a cliff -- the whole market for animation production will nose-dive. Where is the benefit that AI is adding? Those hundreds of animators now have a skillset that has no value, so they'll need to radically re-skill but where do they turn?

@ShadyRonin Жыл бұрын

You are correct and it’s crazy how in denial this video is of the obvious

@mariomills Жыл бұрын

You forget that we just increased our ceiling too. These artists can now make more insane things that are the next level. Cool everyone can do ai images now and basic animations, but what about the next level, for example VR movie experience? Just making things up but the regular folks who didn't have technical know how before wouldn't be able to make such complex movies. There is still a value gap

@kevincrady2831 Жыл бұрын

Furthermore, the worker is expected to pay for the radical re-skilling on their own (bootstraps!) without an income, while the corporation that increased its productivity and replaced them with AI gets to keep all the benefits/profits. Yay, Capitalism?

@jorgecapitao1435 Жыл бұрын

Exactly!! Or even if in the best case scenario they did not lose their jobs, their salaries would still go down, since their products would become cheaper because there is more supply than demand.

@AgrippaTheMighty Жыл бұрын

@@mariomills Yes, but for how long?

@mikecharnecke3087 11 ай бұрын

I cited this video in my college thesis essay about AI! XD Thanks for the Info!

@lowerlowerhk 7 ай бұрын

Even companies owning such perfect robots have to follow the rule of supply and demand. If we define demand as the price people are willing to pay for some good or service, then as the robots take over all the jobs, the people will get less money to spend, and less willing to spend on pretty much everything, by definition that menas demand drops. A profit seeking company will optimize the supply of robotically produced goods and services so that the marginal profit is zero. All this build up is to say that even if a company has perfect robotic workers that outcompete human workers, it won't totally replace humans as, for this particular scenario, doing so would destroy its own profit by destroying the purchasing power of customers.

@easternwesterner 27 күн бұрын

These companies can sell to one another, and those who own/work for them. Proper cyberpunk right here

@enjoyer49 Жыл бұрын

Contrary to EE prediction: AI Prompt writing tools already exists. Humans are not required for writing niche/technical prompts right now. However, the knowledge of utilizing AI might become a soft skill.

@GuinessOriginal Жыл бұрын

Yeah it makes me laugh when people who clearly have no knowledge at all of using the technology think they know it all. I wrote an AI prompt generator in December, I’ve revised and refined it since then, using a prompt engineer prompt i got the prompt generator prompt to write. You don’t need anyone to write prompts, AI can write the best prompts you can possibly think of in seconds without any effort, and then review and improve upon them. He got pretty much everything else wrong in this video too.

@TheBrazilRules Жыл бұрын

@@GuinessOriginal Bullshit. What is the input of this prompt writing AI?

@grug6372 Жыл бұрын

Forgot to mention option B: We take your machines to help ourselves 😃👍

@kforarable 11 ай бұрын

EE seemed to ignore violent revolution as a limiting factor which could either massively under or over estimate the worst case scenario for the future economy depending on the devastation/body counts...

@LowestofheDead 11 ай бұрын

This is why there's a natural ceiling on the price of water and staples. When the price rises so high that people can't afford to survive, they just steal bread. Google the list of bread riots if you don't believe me.

@klavczarkalafan4191 11 ай бұрын

Right? I mean, the futures this video is describing are definitionally genocide - entire cultures will be priced out of continuing to exist. If this video has any truth to it taking the machines may be an ethical imperative.

@an000n 7 ай бұрын

@@kforarablerevolution is likely in meany places. But democracies like the US are designed to make that impossible

@gregorynuttall 7 ай бұрын

@@klavczarkalafan4191priced out of continuing to exist. Good way to put it. That's definitely the end game in seeing from this video

@juanamaya4766 3 ай бұрын

I really enjoy the critical and objecitve way you explain things. Thank you for your work!

@christopherellis2663 11 ай бұрын

Back-to-front question! What does technology provide for us, whether we partake in the process or not? Taxation, or dividend income?

@bazelgeuse2731 Жыл бұрын

Crazy that it's easier for this guy to imagine the end of the world than anything other than the current economic status quo. That part with the hypothetical future could honestly be one of the best arguments against capitalism that I've heard.

@richardbloemenkamp8532 11 ай бұрын

I am more worried about whether democracy will survive.

@klavczarkalafan4191 11 ай бұрын

@an000n 7 ай бұрын

@@richardbloemenkamp8532Democray is dead by design

@gregorynuttall 7 ай бұрын

Capitalist realism ❤

@namae- 7 ай бұрын

Before AI surpasses human intelligence when it's like half intelligent it will skyrocket productivity which like any other technology including robots made the workers way more productive and skyrocketed their wages and standard of living and with this they can buy robots for themselves(like Elon musk robot project, but better and cheaper) and robots will become like cars, most will get one, then like smartphone, everyone will get one and when AI reaches human level there is open source AI everyone can simply download it to control the robot they already have. Everyone is reach thanks to the free market

@KeiraR Жыл бұрын

It's unrealistic to assume that people whose jobs are going to be replaced by AI can just become AI programmers. There's a major gap in the mental capacity necessary to do the jobs being replaced and what's necessary for the job of an AI programmer. Not just that, but there will be less and less people necessary to do those high-skilled jobs (AI programmers for instance). And AI will eventually be able to do those jobs as well. Why wouldn't an AI be able to program AIs at a certain point, and take those jobs as well? I think a lot of people are incapable of seeing the potential capabilities of AI.

@deltaxcd Жыл бұрын

Ai doesn't need programming it usually need training which is actually something similar to bitcoin mining the things what people do is pretty much just censoring the trained AI to make it behave like autistic feminist helicopter mommy

@DasRaetsel 7 ай бұрын

Which begs the question: What are we going to do with our time if robots do it all? There's a Ted talk by Kai Fu Lee that gave me some hope and basically the answer is for us to have more human connection. It's all we got. kzfaq.info/get/bejne/l9B3msdqscqRh5c.html

@MBroY 7 ай бұрын

This is one possibility that with AI replacing human workforce, there will be an increase in unemployment, but issue is not as simple as it sounds. No job means no income which means people can't afford what companies are selling. The role of AI has to be flexible, as it can't rules out the role of humans in human society. Needs are still same, and will be the same but companies' greediness in the name of advancement won't be. Count out humans then count out business.

@weylinstoeppelmann9858 7 ай бұрын

I might be naive here, but I think that taxes need to start going towards developing AI that is built in service to the public, because corporations are just purely profit-seeking and have absolutely no morals beyond those too expensive to infringe upon. Benefiting from AI needs to be a right for every human being on the planet or we will die out.

@deep_cuts2019 Жыл бұрын

Kinda feels like EE is underestimating the extent to which AI is changing things

@dansands8140 Жыл бұрын

Everyone is. You need sapience to adequately predict consequences of actions and trends, and probably less than 10% of humans are sapient. Everyone else is just desperately trying to apply their prior knowledge to new situations. This works well enough 98% of the time, but completely breaks down in an out-of-context problem.

@Sralit Жыл бұрын

@soon He is more like a rhesus macaque 😅

@dansands8140 Жыл бұрын

The chimpanzees are flinging poo. Fascinating.

@dunzek943 Жыл бұрын

@@dansands8140 😂

@GiRR007 Жыл бұрын

More like you are overestimating it .

@doug9000 Жыл бұрын

The idea that means of production owners will sell to means of production owners and capitalism will be okay is most insane stuff that i hear in a while.

@Tate525 7 ай бұрын

This sht is exactly what Karl Marx was predicting, if the working class quietly accepts their fate and don't rebel against the owners of means production, they will only deal among themselves. I don't even like commies, but with the Advent of AI death of capitalism and free market is imminent i can see it coming miles away already.

@gregorynuttall 7 ай бұрын

This video was really not selling me on the idea of keeping capitalism going.

@youtubeuser6067 7 ай бұрын

Sadly and despicably, the people behind this channel are too often representative of the darkest aspects of humanity by being so nonchalantly inhumane. You sense how there is a b s o l u t e l y no true sense or care about the plight of humanity. Mass starvations and genocide first rolled out in developed nations as they continue to unleash their economically "sound" predatory style capitalism. The only grain of utility derivable from this channel is to gain further insight on how these debased people think.

@MJ-uk6lu 7 ай бұрын

Nobody said that bots would be very bright. Soumds like thwy will be really dumb and there will be consequences of that.

@emptyshirt 7 ай бұрын

You just described normal capitalism, except many people turn into oxen, dogs, horses, and carrier pigeons and then disappear.

@spencergoff8736 4 ай бұрын

The solution to ensure the well-being of the masses during further advancement of technology is the same solution that we need with our current level of technological development: democratic control of the production and distribution of necessities, via worker cooperatives, a democratically-responsive state, etc.

@richardhrubes4585 9 ай бұрын

you forgot to mention one very important thing , when there is very low demand to keep your wealth at desent level you will need to raise prices significantly what could make human labour effective enough , as if you lived in island where are only few people with and you produce something for them , you would not not be able to provide lower price ( as you made it from bigger produced numbers ) , then price must be huge to you can reach profit . :)

@lonestarr1490 Жыл бұрын

AI prompt writer might become a job, but it won't be a well-paid one. Prompt-writing is easier than conventional coding, meaning more people will be able to get into it. Plus, it's ludicrously easy to outsource, because the prompt writer in general won't need access to your system. So I'd guess it will become a side hustle for students and something people in South America are doing 24/7 for next to no payment (like they're already doing now in the preparation of learning and validation data for AI).

@lonestarr1490 Жыл бұрын

@@Frankiigii Ok, that's even worse than I thought. So probably not even a side hustle then.

@MrMcWitt Жыл бұрын

while yes you are correct, it depends on the context. Depending on the field or situation you need to actually have the context and knowledge to understand the problem, some problems are only able to even be understood by someone who has a lot of prior knowledge on the topic, let alone the solution. For example, if you are lacking a fundamental understanding of the problem you will give a prompt that is based off of that and then so will be the response. There is also the possibility that it will provide an incorrect solution/response but you lack the ability to decern that. There is a lot of nuance that comes into the picture, but yes, we are entering a new era, the like of which we have never seem. lets work to make it a good one for all of us.

@deltaxcd Жыл бұрын

I see prompt engineering job same as job of eating food in the restaurant. prompt is when you tell AI what you want So pretty much by definition you don't want other people to write prompt you do it yourself to tell what you want not what some autistic feminist in the megacorporation decided that you want. Some help may be required for stupid people who don't even know what they want

@Liz-wz8dh Жыл бұрын

That was my thought too. It's weird to see people presenting that as if it's a real option for a lot of jobs.

@davidlloyd-jones8519 Жыл бұрын

@@MrMcWitt yes - I think it was Einstien - who said that the greatest problem was first defining the question

@saritp101 Жыл бұрын

On your prediction of AI prompt writer becoming a job, what happens when AI can learn how to write prompts by anticipating our needs or just asks us about it?

@drhumupower8570 Жыл бұрын

Exactly- that was my first thought. It will be a transitional skill at best.

@Kroke_Monster Жыл бұрын

AutoGPT have a look at that, basically that already.

@cdeford Жыл бұрын

@@Kroke_Monster Yeah, got there already.

@Jamazed Жыл бұрын

AI prompting isn't even something worth specializing in when it's so easy companies will just make their current workers learn it within a few weeks.

@killersberg1 Жыл бұрын

Also will writing prompts be difficult enough to justify a decently paid job? These ais will become better and easier to use. I don't see that on a large scale.

@yonko5220 5 ай бұрын

I have seen some comments talking how increased productivity doesn’t reflect in wages. The problem is that when there is a new machine that can improve the productivity of a human by many times of the former levels the extra money earned is first used to pay for the machine and the remaining extra cash is for the company to make more profit. Companies argue that since they used their capital to buy it the benefits should belong to the company. That’s basically how rich people argue and why the rich keep getting richer.

@ideatorx 4 ай бұрын

The cost of any good or service when absolutely abundant goes to zero. So theoretically if we can automate and improve efficiencies across the economy with renewable energy and non-human labour, the necessities of life should fall to near zero in cost. I'm sure there would be marginal costs on necessities in the future, but this kind of technology presents such a massive paradigm shift that its hard to apply 21st century economics to what feels like an alien civilization. Non-luxuries could be so abundant that humans basically turn to sport, mindfulness and entertainment for their role as citizens.

@clusterstage Жыл бұрын

What do you mean "if it will happen?" In a city I visited, there are banks that have closed 4 major branches in favor of their banking app. Found this the hard way, and I felt sorry for those who lost their jobs.

@yamataichul Жыл бұрын

I thought he was going to tackle some of this and that too... This video essay feels like it doesn't answer anything other than: "sucks to be you I guess"

@clusterstage Жыл бұрын

@@yamataichul well said. I guess I'm a sucker too, as the video implies. #eatthebugs

@zs9652 Жыл бұрын

This captures the heart of it. Corpos like to say it is efficiency and economy that demands this but it is just sociopathic greed. Those bank locations were essential but they forced everyone to use banks. One of the things not mentioned in the video is mass uprisings. I doubt all the militaries of the world would be happy about being automated away.

@bludhund Жыл бұрын

EE never fails to disappoint in disappointing. The worst-case scenario is actually the track we are on right now. The main flaw with EE's entire argument is the speed and unpredictability of development. Even if populations are falling as productivity (and unemployment) rises, the demographic change is occurring over decades. By contrast, the improvements in Machine Learning, which are functional leaps and bounds, are taking place over not years, but months. For the same reason, experts cannot really say with confidence that Artificial General Intelligence is decades away. We don't know that, and if it happens we also fundamentally don't know what it would mean, if AGI's abilities outpace our ability to control it.

@ShadyRonin Жыл бұрын

You are 100% correct. It’s scary how delusional the creator of this video is

@justinwking Жыл бұрын

AGI and human level AGI are two different things, the current models don't scale up to human level intelligence. In several countries, workforce shortage is already a problem, so raising productivity is going to create immediate need for Ai. The important thing is making sure that these tools are available to all. If we all have the tools, then we can all benefit, if only the large corporations have these tools, then we are in trouble.

@arnowisp6244 Жыл бұрын

The only real limit to AGI right now is our ability to produce the advance Hardware to run it. It's still software.

@adam3896 Жыл бұрын

@@arnowisp6244 exactly bro life isnt like math… just because we’ve seen really good progress in the past few years doesnt mean were going to see more… chatgpt pretty much has reached its peak and its gonna take a few years to get just more gradually better. Its metoric rise is only due to increasing node count which by now has reached a point thats satisfactory. The following years will probably imo be focused on catagorizing data for the ai better and using computetional resources more efficently

@arvypolanco Жыл бұрын

Agree completely. Also, Artificial General Intelligence is not necessary to massively disrupt our way of life, AI only needs to be smart enough to perform the tasks that are asked of it, whether or not it "understands" what it is doing. I'd wager this is where we are at; the only real hurdle right now is implementation, not of capability. We have months left to figure out the answers to the issues raised in the video, the cat is out of the bag. It is no coincidence experts are calling for a pause in development all of a sudden (which won't happen). People need to take this seriously, now.

@falconnm 9 ай бұрын

Hard to believe a serious economic analysis could cover this without discussing the service-based economy and the historic switch. from goods being the driver of GNP. I can easily picture an economy of artists, chefs, fitness trainers, decorators & tour guides. While goods became negligible / inexpensive economic afterthoughts. Think several hundred years ago where massive parts of the populace we're needed just to grow food and yet jobs were found for all the displaced farmers

@Shaterrer 11 ай бұрын

Automation increased without limits (in quantity as well as in quality) along with declining birthrates kinda reminds of Isaac Asimov's Spacers way of living However in regards of automation all that rests on two assumptions: 1) The machines will be at least as complex and inteligent as humans. 2) They will still stay obedient and serve humans.

@fwingebritson Жыл бұрын

Not only are kids economically unfeasible, they are so time consuming. With most "advanced" countries adopting extended hours for the labor class, such as ten to fourteen hour days five-six days a week, few have time to worry about kids especially with a "double income" household. The "bug years" have proven the frustration of parents and their reluctance to deal with their kids without the help and aid of social support like schools as well as other programs designed to take care of their kids while they work. Even work at home parents were frustrated with the attention required toward their children while dealing with their work requirements.

@heinoustentacles5719 6 ай бұрын

what are 'bug years'? when I look it up I get information about the Volkswagen Beetle...

@sandponics 6 ай бұрын

If we have no kids, there will eventually be no need for jobs, then humans can become extinct and the world can go back to what it has happily been doing for millions, if not billions of years - Growing food to feed the wildlife. Humans are a failed experiment, and a dead end, just like the dinosaurs and probably millions of other now extinct species.

@elliotw4606 2 ай бұрын

The key is being childless. At the very least it keeps the dumber end of the billionaires like Elon Musk upset. Gives at least one thing to smile about at the end of the day. Also can be used to place stress on parents (I guess you could say often "boomers" but I hate those terms) that they won't be grandparents and the continuation of family under them is gone. It fucks them more psychologically sometimes than they admit. Also can sometimes push them into offering help in desperation to get said grandkids. Actually has worked a bit with my parents but it's likely too little and too late and wow does it seem to put some depression bubbling up in that space for them.

@Ves189 Жыл бұрын

What many people that follow the argument of people getting new jobs when old ones are becoming obsolete don't consider, is what kind of jobs those are. If we look at the past, many industry and manifacturing jobs were replaced by service jobs. Those jobs (like transport, delivery or support) are often low paying. The rents that were generated by automation might be a big reason why inequality is on the rise over the last decades, as only the capital owners profit from it directly. Therefore we shouldn't only focus on the quantity of jobs out there but also on the quality of them.

@snowflakemelter7171 Жыл бұрын

Who is "we"? No one in this comment section will be deciding on the outcome of these changes.

@mopozuJIko Жыл бұрын

And in the case of AI it can be worse. There will be lots of jobs that could be done only by humans, but they will be the jobs that we want to do least of all. It's easier to replace more technical or creative workers because there is a ton of training data and because it's very scalable. On the other hand no one will care to replace road construction workers, or plumbers, or anything that requires mechanical precision yet doesn't benefit from scalability and/or is cheaper to do by humans.

@oakfat5178 Жыл бұрын

@@snowflakemelter7171 We have a right to form an opinion, even if we're not going to make the decisions.

@snowflakemelter7171 Жыл бұрын

@@oakfat5178 Of course. But unfortunately it will be out of our hands.

@jamesgravil9162 Жыл бұрын

@@mopozuJIko "On the other hand no one will care to replace road construction workers, or plumbers" The Super Mario Brothers will be okay then. That's good to know.

@oompalumpus699 7 ай бұрын

I think in the future you can still work as a robot repairman because you don't need maintenance the same way machines do. Also, planned obsolescence is not going away. You can make more money from machines that work only for three years than machines that can last decades.

@flickwtchr 2 ай бұрын

Robots will be developed to repair other robots.

@Not.Jason.from.the.southwest 7 ай бұрын

I have a sneaky suspicion that AI is going to be prone to some massive and problematic maintenance costs. It will be interesting to aee how these issues are addressed. For now I will approach AI the same way I've been approaching new technology since 2009. Disinterest and boredom.

@Asian0Riceballs Жыл бұрын

This is how it starts. We’re just using the AI to enhance our productivity. Unlike before however we’re training our replacements by using it. As the AI learns it will replace us eventually.

@arnoldshmitt4969 Жыл бұрын

@n n lethargy , and until enough people are on the streets only then will you see reaction

@lokijordan 11 ай бұрын

One bright spot: CEOs and managers are unwittingly training their own replacements, the same as the used to do the rest of us.

@osmotreno 6 ай бұрын

@@N_N23296 When robotization increases, unemployment increases and people begin to resent, I think countries will begin to sign laws to impose more taxes on companies with many robots, and increase unemployment benefits. Well, it's just logical. Who will buy these robot companies' products if people don't have money? And the people will not tolerate this either.

@blakebeaupain Жыл бұрын

I work in the AI field. Most of the experts that said AGI is a few decades off in 2022, have been completely shocked and blown away by progress made in the last few months; especially around emergent capabilities that were not specifically developed for. We are likely a few years away from AGI, but some people in the field are saying 6 months if the rate of acceleration continues the way it has been.

@dannykusuma2431 Жыл бұрын

Is robotic humanoid necessary? Or AGI + current infrastructure is ready to replace most jobs?

@GuinessOriginal Жыл бұрын

Yeah EE is wide of the mark here, definitely a huge miss. Feels like a propaganda piece tbh

@drcosmos137 Жыл бұрын

Yeah, some people seem to think that unless it's Rosie the Robot, it isn't a threat to a majority of jobs.

@michaelramsey3643 Жыл бұрын

Humans have an extremely hard time grasping exponential dev curves, and the curve of AI is now close to vertical. It's exponential *on a logarithmic scale*. The time window where humans can do a better job of writing AI prompts than AI can may be measured in months, not years or decades.

@MyName-tb9oz Жыл бұрын

The part that drives me insane is that people keep arguing that AI is, "just like any other new technology from the past," or worse, "it's really just a fancy search engine." EE made BOTH of those mistakes! Until a few months ago I was _firmly_ in the, "AGI is probably going to require radically different hardware before it is possible," camp. Now? It seems likely that there could already be an AGI locked up in the 'closet' of some government or corporation and that ASI isn't as far away as most of us think it is. Frank Herbert was right. All of the governments and corporations are racing to be the first one to make our species irrelevant.

@ads214 7 ай бұрын

"A.I. Prompt writer"... as a coder I feel I was kind of doing that with Google before AI came along.

@aliensoup2420 7 ай бұрын

A.I. just makes it more efficient, like all technology. You still have the task of determining the necessity and the volume of productivity. Once you are relieved of that obligation, you truly become useless.

@WHYsauce Ай бұрын

One interesting idea could be that just like during the industrial revolution when there was more automation is humans could make more or something and make more complex things as well not having to worry about certain processes that we may have before, so perhaps this more modern change could reap similar benefits like having even MORE advanced products where more and more positions for humans end up being overlooking and choosing the direction for this automation

@lihoish Жыл бұрын

What amazes me in modern economics is that it fails basic logic. Why would people just starve to death if AI does not provide for them - when they were able to keep feeding themselves for the whole history of humanity? After all, we are not starving to death now without help of the AI and working ourselves, how come we will lose that ability when AI comes? Is there an assumption that it will happen because AI together with people "owning" it will get all the resources such as land to itself? And presumably keep it like that by force? Overall, can we call the current economy sane if producing more will make some or most of people poorer? And if it's not sane, why keep it? What percentage of labor in modern economy is spent on production basic necessities, like food and housing, and let's even add health care and education? How come we let the other part, the so-called "services", get more gravity? Why do we call economies developed when they stop producing what people use and start exploiting labor in other countries, providing back what exactly?

@timtebowfan628 6 ай бұрын

Exactly, it is already happening now. Growing your own food will be outlawed and if you dont own land where can you grow?

@j10001 6 ай бұрын

Well said!

@lordrorek1907 3 ай бұрын

Ding! Ding! Ding! You've just hit upon the fundamental arguments for socialism!

@suzannevannoordt3988 Ай бұрын

I thought this too, but would love to see more discussion on this. Perhaps due to overpopulation it's not realistic for people to produce enough food for themselves. If that's the case many people will still starve. Boycotting companies and choosing home-produced goods could be a way to leverage this power, forcing companies to employ people or pay additional tax, but it seems that a lot of power will still remain in the hands of companies.

@lordrorek1907 Ай бұрын

@@suzannevannoordt3988 The thing is these companies aren't necessary. Socialism is the future.

@bencor4193 Жыл бұрын

I think general intelligence is basically Pandora's box. We really shouldn't open it if we want a future for humans. But it will probably happen at some point.

@purpur7187 11 ай бұрын

It's already open.

@laithsaleem580 11 ай бұрын

we opened many pandoras boxes throughout history and we will pay the price like our ancestors did.

@bobcornwell403 11 ай бұрын

Over my lifetime, I witnessed new technologies enriching a relative few at or near the top in income levels, taking the lions share of the wealth that these technologies aledgebly create. Everyone else seems to be sinking. Recently, I wrote a science fiction story about how the affluent few decide to deal with th impoverished many. To put it plainly, they decide to systematically exterminate them.

@Wary_Of_Extremes Ай бұрын

Microwaves used to be $1500 in the 70s. A whole bunch of things start out expensive and end up cheaper and widely adopted for whatever use they are.

@carlospereyra6144 2 ай бұрын

It would be interesting to analyze the impact of AI on the workforce through the effect of Baumol. As AI replaces some routine jobs, more creative jobs will appear, that emphasize human interactions: personal yoga instructor, tour guide, psychologist, waiters, talkative taxi drivers, etc. The human need to relate to other people isn't going anywhere

@easternwesterner 27 күн бұрын

Have you seen the movie Her (2013)? If there is a need for personal connection, it is profitable to create a personalised AI assistant/partner/teacher/whatever, that will be perfect just for You! No need to deal with stupid uncomfortable unique humans ever again

@getnohappy Жыл бұрын

Honestly, I can see a version of the extreme scenario coming true sooner than we think.

@ReturnOfHeresy Жыл бұрын

Which is why the video's declining birth rate hypothesis doesn't work: it presumes that the change is slow enough that birth rate changes can match it. Only true if the change takes place over literal generations.

@MohamedRamadan-qi4hl Жыл бұрын

@@ReturnOfHeresy sorry something like this already happened historically. Machines killed a large amount of jobs. Making clothes for example was the work all women mostly did historically. And machines killed that

@ronald3836 Жыл бұрын

@@MohamedRamadan-qi4hl With huge economic growth and prosperity as a result. At least in democratic countries.

@HemantKumar-id3jg Жыл бұрын

It's like fear overpowers logic when it comes to AI. Economists are great at predicting the future "objectively" by referring to past patterns. Reality however is it depends heavily on people's confidence in the market. It's that volatile. So, a extreme hypothesis like this where a few hundred control everything and government do not find a source of revenue and most people die is just that an extreme hypothesis. In the real world, way before any sort of generative AI is online governments and companies would have to have a plethora of regulations. We don't even know if generative AI is possible and if it will be available to everyone. Worst case scenario, people would need to be more educated and more skilled to do their jobs (jobs that don't even exist right now).

@ReturnOfHeresy Жыл бұрын

@@MohamedRamadan-qi4hl Humans Need Not Apply: nothing like this has happened historically, because we have only ever made mechanical muscles historically, mechanical minds are new and fundamentally different.

@somnorila9913 Жыл бұрын

Automation is good. But the part that is problematic is with other aspects of society which can be broadly be grouped in one perspective, the wealth disparity. More automation as long we don't fix the other stuff will make those issues greater.

@ronald3836 Жыл бұрын

Technology decreases the wealth disparity. 200 years ago it cost a small fortune and a week of time to get a message across a country like the US. Now anyone can send a message, photo or video to the other side of the world within a few seconds essentially for free. The more things get automated, the fewer people you need to hire to do what you want and the cheaper it will be. In a fair world, human labour will never be cheap, so the only way to make everyone wealthy will be to have ubiquitous automation.

@thecolorgreen9022 Жыл бұрын

true; it's wealth disparity that is the root behind all of societal problems.

@WitchMedusa Жыл бұрын

You can't fix a wealth disparity without stealing other people's stuff

@ronald3836 Жыл бұрын

@@WitchMedusa you can tax, subsidise and regulate. Better to use democratic instruments than wait for things to get so bad that the "poor" revolt.

@Ilamarea Жыл бұрын

You, it's our extinction idiot. Our value is derived solely form our productivity. Gotta keep us happy, because we have to work. Gotta have more people, because we have to serve in the army. The moment it's not us doing the work, we become a burden. The state will have to provide resources for us. How do you think that will go? And nations will go to war for resources - but not to support their worthless, or rather, negative-worth populations, but to feed the infinite pool of artificial labor and military they'll be able to produce. There's exactly 0 ways this is good for us.

@tellmemoreplease9231 6 ай бұрын

I have read a story of the economic miracle after the black plague. Before the plague, most of the population was desperately poor, and the over lords didn't have to pay much for wages (subsistence). After the plague, with 25% of the population gone, wages went up. It was harder to get the workers needed to work the lands and businesses. The European economy flourished. Because people had disposable income and could afford much more products and services. A middle class was born.......

@carpeomnia2011 7 ай бұрын

I have said this for awhile now, only my version of it is they treat us like any other obsolete tool. Scrapped, or repurposed to provide a totally new goal besides production.

@javiermarti_author Жыл бұрын

As I explain in my book about AI, the problem with this technology is that unlike previous technologies, this one doesn't just act an extension of humans, but it can altogether replace us

@moosiemoose1337 Жыл бұрын

Yes please. Let me know when I can ask chatgpt install some drywall for me or replace an outdoor tile deck.

@effdahjuice6419 Жыл бұрын

@@moosiemoose1337 Bad rhetoric. Robots are developing and by the time AI is superior, Robots would be too.

@javiermarti_author Жыл бұрын

@@moosiemoose1337 just search for "robot bulilder", "robot dexterity", "3d printing house" here. You may find the pace of progress interesting. The US army's robotic competition also makes robots move panels around, drill and manipulate objects

@carlcproductions Жыл бұрын

In my book about a duck named quackers, he learns about the differences between ducks and geese, so very similar.

@asandax6 Жыл бұрын

@@moosiemoose1337 A guy here on KZfaq made a robot to paint an accurate portrait of his wife on their wall Take that robot retrofit it with tools to attach dry wall amd boom chatGPT is now applying drywall in your home.

@majorfallacy5926 Жыл бұрын

The scenario you laid out somehow assumes that the "commoners" stop being economically active in the way they are now because rich people have robots, but the worst case result is that the commoners stay at the same level of wealth they are now while the elite gets even richer. But more realistically, everyone will have access to robots to some degree, like it's already the case with current AI systems. What we really have to worry about is the same as we've had to since the dawn of time: A group of people leveraging technologically superiority for nefarious purposes.

@0ptimal 7 ай бұрын

Its like you scraped my brain for future economic concerns. Personally i am fairly pessimistic about how it unfolds, but one thing that keeps me hopeful is new innovation. Yes ai appears as a dominant force but it isnt the end of innovation, other things will show up that may change the game for all of us, in ways that keep us in the equation. Life finds a way kind of thing.

@vichomangiola 7 ай бұрын

EE is admitting with this video that what actually doesn't work is the economic model, not the technology itself. If instead of robots producing only for a few people who owns them, we traspass the ownership of robots to every one, then nothing of what this video is concerning you about will happen. If you are looking for hope, look outside of capitalism.

@sprj7792 6 ай бұрын

The idea was to make it so each person received the money a machine did the work for, but there will always be those that want more or to stand out over others to keep things the way they are. Don't think your fighting for a better life being able to still labor. Make them make the changes to free up all your time to use the money the machines make you.

@matthewparker9276 Жыл бұрын

Companies racing to whichever jurisdiction offers the lowest tax can be mitigated by taxing based on economic exports i.e. if a company does business in your jurisdiction, but the profits are sent offshore, you tax those profits that are being sent offshore.

@wraithship Жыл бұрын

Yes. And governments will act to ensure that they continue to have money. And even the US has made a move to set an international minimum corporation tax. The fact that the US of all places is suggesting such an "anti business" move shows just how times are changing.

@paulsheldon8838 Жыл бұрын

Isn't it simpler to impose import tariffs?

@matthewparker9276 Жыл бұрын

@@paulsheldon8838 it's a similar idea but a bit more general so that it covers more industries and scenarios.

@00CooG00 Жыл бұрын

The article you sighted about AGI being decades aweay is from July 2022. A LOT has happened since then... I think this is the main issue with a lot of analysts in different fields when talking about this stuff. It's maaking assumptions and predictions based on what the AI field believed was possible a year ago, or even 6 months ago.

@tlpineapple1 Жыл бұрын

A lot has happened in artificial intelligence, but these systems are still HIGHLY specialized and still have major flaws. Frankly, i doubt we'll see AGI anytime soon if ever. In every way its just far more efficient and easier to have specialized bots that do one or two tasks extremely well.

@AlphaGeekgirl Жыл бұрын

I don’t agree with your claims. But perhaps you can enlighten us, and tell us what major improvements you personally are aware of, that have happened in the realm of AGI between July 2022 and April 2023.

@thewiirocks Жыл бұрын

It's still decades away. At least. There are a ton of fundamental issues that we haven't figured out to make a "general" intelligence. What we've done instead is throw ridiculous amounts of computing power at more basic replications of human neurological capabilities. Have you ever met someone with Dementia? If so, you probably noted that they seemed okay when they were doing tasks they've done most of their lives. My own grandfather could preach with the best of Pastors or navigate a social interaction just fine, but couldn't manage the food in his refrigerator or understand the thermostat. The reason is that he built a lifetime of unconscious processes in preaching and social navigation. So he was literally on automatic for those interactions. The same is true of ChatGPT and other top-notch AIs. Their output is quite amazing, but there is literally no one home.

@tlpineapple1 Жыл бұрын

@@YokoYokoOneTwo Im unsure of what your point is. ChatGPT is still highly specialized, it cant cook your food, it cant do assembly tasks, it cant research, it cant design a car, etc. The list of things it can do is FAR smaller then the list of things it cant do, it is a chatbot, one that has analyzed millions of different writings and can use that information to give an often accurate output (it is confidently wrong in many cases where the answer is simple.) The most recent ChatGPT is an amazing advancement in chatbot abilities, but on the track of AGI, its barely left the station.

@joshmogil8562 Жыл бұрын

We are incredibly close to agi, if you think gpt is just a chat bot … you have no idea.

@tauIrrydah Ай бұрын

This video will need to be reassessed monthly as it unfolds. Even the owners become unnecesaary to the machines. They'll switch to a joules based economy, money will be dead, and you'll have to beg the Omnissiah for your nutrient paste.