The current state of the economy - part two

Quartz said:
There will still be need for the trades: builders, electricians, plumbers, plasterers, etc. There will still be need for nurses, doctors, etc. Robots will require mechanics to maintain them. Etc etc.
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Maybe you could do a poll on how many of the highly paid office workers here want to work on a building site in the pouring rain instead. :p
 
aaronyuri said:
And your complaints about said alleged whining are going to change anything? Fight fire with fire and all that. I like it.

My opening questions were:

What are your thoughts on the current economic situation? What will things look like from here? The bubble can't continue indefinitely but what on earth is that going to look like when it does give up the ghost?

Do you have any thoughts on the above?

Of course, you're welcome to go back to your bliss. Or you can complain in this thread. I don't mind either way. :D
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Ha, c'mon admit it, you created the thread to prevoke the whining for your own enjoyment ;) As per every GD thread, we know how this'll end :cry:

iu


I was only half serious anyway dude, but you did take the bait :P

No hard feelings at my end :)
 
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Deleted member 280263 said:
Ha, c'mon admit it, you created the thread to prevoke the whining for your own enjoyment ;) As per every GD thread, we know how this'll end :cry:

iu


I was only half serious anyway dude, but you did take the bait :P

No hard feelings at my end :)
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Me? Trolling people? Gosh no. That's mean.

I was half hoing to get some genuine insight from some in that field, but alas.

It's GD - anything goes! It's all some fun. :D

Now can someone answer my opening questions?!
 
aaronyuri said:
Me? Trolling people? Gosh no. That's mean.

I was half hoing to get some genuine insight from some in that field, but alas.

It's GD - anything goes! It's all some fun. :D

Now can someone answer my opening questions?!
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:D

No-ones allowed to provide actual insight of any constructive nature in a GD thread, IIRC it's a bannable offense!
Besides, anyone that dares, will be taken out by Chinese inteligence agents. They're watching us don't forget #tinfoil
:cry:

I still want Terminators, though :D
They're cool enough to die for IMHO :cry:
 
PapaLazaru said:
Industrial revolution > dotcom bubble > ai bubble. It is all relative, Remember NFT's?

The single purpose of AI is to make money. Same as every new technology, there is a benefactor.

Now if AI manages to lose 50% of the office workforce (and believe me, I work in data analytics, I can see my role disappearing very soon), those people will have less spending power. Where is the money going to come from?
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Except the industrial revolution worked making the UK the powerhouse of the developed world inventing steam power developing coal and gas, electrical power and many other scientific advances.
You forgot the race into space during the nineteen sixties. Again leading to scientific advance and the birth of the digital age, microchips and therefore advanced computing anything later is just moores law repeated.
 
What about the paddy fields?

I suspect that this is a first world problem and those on a dollar a day will a) be cheaper than robots and b) not notice any change.
 
aaronyuri said:
What are your thoughts on the current economic situation? What will things look like from here? The bubble can't continue indefinitely but what on earth is that going to look like when it does give up the ghost?
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AI investment is not a pyramid investment, it is being funded by profitable companies to extend their business reach and increase their profitability. So, it's not that the AI bubble is going to pop, it's that other troubled areas of the economy will pop, but AI itself, which is really just advanced computing, with nothing "intelligent" about it, will continue to get more profitable.
 
radderfire said:
AI investment is not a pyramid investment, it is being funded by profitable companies to extend their business reach and increase their profitability. So, it's not that the AI bubble is going to pop, it's that other troubled areas of the economy will pop, but AI itself, which is really just advanced computing, with nothing "intelligent" about it, will continue to get more profitable.
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More profitable, you say?

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I would state plain old farming food and drinking water as essentials over AI. AI might alter efficency but the same old basics will still be there. tractors might have been the focus of this thread a hundred years ago but we survived though my local farming town is about 6 families big now, mostly the world gained.
 
dowie said:
Thanks for the heads up Diddums, sorry I was too busy working on AI stuff - only got a small window of time to ensure my family line escapes the permanent global underclass.

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A solid 9/10 effort, but Sean isn't saying 'Bastid!' - otherwise it would have been a 10/10
 
adam cool dude said:
People worry about jobs etc but if AI is a success and used correctly. Money becomes irrelevant and everyone in the world instantly becomes rich and never has to work a day in their lives again. Money is a product of productivity. AI can make productivity free thus money is not needed. At least in theory.
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there will always be scarcity of something even without money there would be huge bartering power or whatever, everyone's not suddenly going to be living in ivory towers
Quartz said:
There will still be need for the trades: builders, electricians, plumbers, plasterers, etc. There will still be need for nurses, doctors, etc. Robots will require mechanics to maintain them. Etc etc.
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but they won't they will be modular and easy to repair, another robot will do it or the station they recharge at.

like 10 years ago you'd be thinking well atleast humans will need to change the batteries and charge them. now robots do it themselves in the home already.

robot hoovers already can wash the mop pads, empty the dust, go recharge when the battery gets low etc.
the only time a humans needed is if it gets stuck or something else goes wrong.

It's like claiming those renta scooters create loads of jobs, but its probably 2-4 guys per city going around in vans changing the batteries.

We are at the point where we don't even need human delivery drivers anymore, the only thing preventing it is laws and regulation.


surely no one really believes it's going to create loads of jobs for people to fix robots, they won't be like commercial crap either, they will be designed to last



every country needs to make it law that any AI datacentres and robots used in that country must also be made/hosted in that country, minimum.
should demand all the chips used here are made here to.
 
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arknor said:
there will always be scarcity of something even without money there would be huge bartering power or whatever, everyone's not suddenly going to be living in ivory towers
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Perhaps but I think we have only touched the surface. Once AI gets intelligent enough to be able to solve things like Nuclear Fusion and AI is good enough to be a robot to get food from ground to plate and care for the old age. The cost of keeping a human alive is close to zero.

Efficiency will also go through the roof on several magnitudes. Robots will be productive 24/7/365 without any need for breaks, holiday, sick pay etc.

The worry not so much for myself but more for my kids will be what purpose will you have in life? Education will not really be needed apart for leisure because AI will have vastly more intelligence for inventing and solving everything.
 
adam cool dude said:
The worry not so much for myself but more for my kids will be what purpose will you have in life? Education will not really be needed apart for leisure because AI will have vastly more intelligence for inventing and solving everything.
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AI is not capable of original thought, it is only capable of rehashing what has been thought already.
 
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