These things are waves. First they will fire a bunch of people, but no company can grow through constant downsizing. Then they'll start to imagine to do new things they can do with the new skills and invest in that.
It will cause a displacement of job types for sure. But I think it means change more than decline. When industrialisation happened, lots of factory workers were afraid of their jobs and also lost them. But these days nobody even wants to do a menial factory job, slaving away on the production line for minimum wage. In fact most people have a far better life now than the masses did before industrialisation. We also had the computer automation that made entire classes of jobs obsolete. Yet it's almost impossible to find skilled workers in Holland now.
And companies need customers with purchasing power. They can't replace everyone with AI because there will be nobody left with money to sell things to. In the end there will be another balance. The interim time, that's the difficult part. Though it is temporary, it can really hurt specific people.
But I don't see AI as a downward spiral that will never recover. In the end it will enable us to look more towards the future (and I am by no means an "AI bro", I think current capabilities of AI have been ridicuously overhyped)
I think we need to redraw society too to compensate. Things like universal basic income, better welfare etc. Here in Europe we already have that but under the neoliberal regimes of the last 20 years (and the fallout from the American banking crisis), things have been austerised too much.
In America this won't happen as it seems to go only the other way (very hardline capitalism, with a fundamentalist almost taliban-like religious streak) but well, it's what they voted for.
It will cause a displacement of job types for sure. But I think it means change more than decline. When industrialisation happened, lots of factory workers were afraid of their jobs and also lost them. But these days nobody even wants to do a menial factory job, slaving away on the production line for minimum wage. In fact most people have a far better life now than the masses did before industrialisation. We also had the computer automation that made entire classes of jobs obsolete. Yet it's almost impossible to find skilled workers in Holland now.
And companies need customers with purchasing power. They can't replace everyone with AI because there will be nobody left with money to sell things to. In the end there will be another balance. The interim time, that's the difficult part. Though it is temporary, it can really hurt specific people.
But I don't see AI as a downward spiral that will never recover. In the end it will enable us to look more towards the future (and I am by no means an "AI bro", I think current capabilities of AI have been ridicuously overhyped)
I think we need to redraw society too to compensate. Things like universal basic income, better welfare etc. Here in Europe we already have that but under the neoliberal regimes of the last 20 years (and the fallout from the American banking crisis), things have been austerised too much.
In America this won't happen as it seems to go only the other way (very hardline capitalism, with a fundamentalist almost taliban-like religious streak) but well, it's what they voted for.