>While Silicon Valley has long > warned about the risk of rogue A.I., it has recently woken up to a more > mundane nightmare: one in which many ordinary people lose their economic > leverage as their jobs are automated away.
Two trends that need more thought are that profits are going up and wages are falling. Why is that and where does it lead us? Imagine that limits are approached. Ownership concentrates to one person owning everything, and only a few workers having paid jobs. If those limits were reached most income would go the one person owner. Robots get no wage. Finally freed of high wages most income would be profit going to the happy owner. Robots will make unearned income the main kind of income. As we approach those limits, workers will gain time-freedom. Unpaid work could get the respect it always deserved. Gratitude for what we have been given could replace the destructive pride we claim a creators of wealth. We are creators? Really we move stuff around. (to the dump) Barry -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#41650): https://groups.io/g/marxmail/message/41650 Mute This Topic: https://groups.io/mt/119122339/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
