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Desmond Wood's avatar

This is a very insightful and meticulous piece. Thanks for another Shapiro 💎

Cheers

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Carlos Pineiro's avatar

Thanks for writing. Great article as usual. Doomers are either clickbaters or their victims. Im not an economist but its obvious that if automation can replace jobs which leads to exponential profits then of course those jobs will be cut. Robots are already replacing jobs everywhere.

Not only low wage jobs but people who make $500k as surgeons and specialists. Millions of people will not have to be cogs in the wheel. Human brains do not exist to be cogs. Finally, technology will allow all the cog life to go away. There will be unbelievable productivity. Trillions of dollars and tens of millions of displaced workers obviously means a completely different economic and perhaps political system.

The average person cannot wrap their heads around this and think there will just be millions of people hanging out on the stoop once the jobs are gone. That's just mypoic. Thats applying 2030 technology to 2025 economics. Everything will change.

Will there be cybercrime? Sure. Machines dont commit crimes, though. People do. When they build a destructive agent, there will also be a shield. AI is justnantool, even at the goal of AGI level of computing.

Thank you for all your insights, Dave. Some people already get it. Some people will soon get it. Some never will.

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