• voracitude@lemmy.world
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    7 months ago

    Who will have the income to buy?

    You’ve almost figured it out with this question: billionaires will.

    • If prices go too high, most people can’t pay, so
    • Prices go down, but
    • Wealth has been massively concentrated amongst a small number of people, and
    • If a pair of socks costs $40,000, one purchase can make up for thousands, therefore
    • Robots which don’t need pay or sleep making basic necessities like food and clothing and electricity can replace the workers in those industries, and
    • The economy can continue with many fewer participants.

    So where does that leave us? Why, in the ground old chum!

    To be clear, I don’t think this is going to happen for a while if it does, and it’s far from guaranteed. There’s a lot of enthusiasm around AI right now, particularly for the “Figure.01” OpenAI demo; we’ll have to see if that lives up to the hype.