Viewing a single comment thread. View all comments

SgathTriallair t1_jdgwnxy wrote

Reply to comment by Artanthos in How will you spend your time if/when AGI means you no longer have to work for a living (but you still have your basic needs met such as housing, food etc..)? by DreaminDemon177

Businesses already pay employees. When they don't have employees they can pay that same amount of money directly into a UBI. Businesses can't exist without summertime buying their product so the government will quickly start instituting UBI, just like they did during the pandemic.

1

Artanthos t1_jdhc50m wrote

Or those who own the automation and the material resources will switch to a smaller, less inclusive economic system.

True wealth is resources, manufacturing capacity, and knowledge. Most of those left unemployed will have none of the above.

2

SgathTriallair t1_jdhpzha wrote

Who is going to buy their products?

Also, TRUE wealth is the ability to make the world into what you want it to be. Money is only useful insomuch as it lets you shape the world, whether that is through transforming a building into your dwelling or convincing a senator to pass a law you like.

The only reason we dislike billionaires is because their wealth gives them outsized influence on society. If all it did was buy them extra stuff no one would care.

1

Artanthos t1_jdhqiye wrote

No one person, even among the wealthy, will have all required resources.

So, humanity moves from its current economy to an economy with only 30 million participants.

They continue to buy and sell among themselves.

2

SgathTriallair t1_jdhsfwh wrote

You are still underestimating what AI can and will do. Those 30 million jobs can also be automated. The only job which can't be automated is owner because the owner isn't based on what they do but the fact that they real the profits. An economy that is just Gates and Elon isn't an economy.

Also, the other 7.97 billion of will riot if we are all told to go die. Those 30 million will not be able to stand up to that. The sea of humanity will demand the means of survival, which will be UBI. We did it in Rome, we did it in COVID, and we'll definitely do it with an AI induced layoff. That assumes of course that humans are still in charge of anything.

1

Artanthos t1_jdhu0d1 wrote

Not 30 million jobs.

30 million owners trading among themselves.

2

SgathTriallair t1_jdhvao6 wrote

Capitalism always concentrates wealth. Also, stop and calculate the economics for a few minutes and you'll realize that makes no sense. A single individual can only buy so many shirts and movie tickets. A 30 million global economy couldn't sustain itself at anywhere near the level we have now, it would be practically stone age.

1

Artanthos t1_jdhztqr wrote

  1. You think on a much smaller scale than even today’s wealthy.
  2. Automation will reduce costs.
1