The AI bubble is gonna burst like the housing market bubble? Cause 10 years later I'm still waiting for the housing bubble to burst.

引用自 lailaamell：

引用自 Nomad：

There are plenty of jobs people can work and the other nice thing is when the labor market becomes saturated, it becomes cheaper to use manual labor than to use expensive machines.

But what if i dont want to pay employes? Ai never gets sick or take a salory and machines will hopefully advance faster to get less need of ppl working also ppl ask for to much in salory nowdays

Well you can run a business without employees but if you think about construction or agriculture, a lot of machinery is very expensive to buy and maintain, but at some point it might become cheaper to employ 100 laborers for $5 each than to buy and use machines.

引用自 Nomad：

引用自 lailaamell：

But what if i dont want to pay employes? Ai never gets sick or take a salory and machines will hopefully advance faster to get less need of ppl working also ppl ask for to much in salory nowdays

Well you can run a business without employees but if you think about construction or agriculture, a lot of machinery is very expensive to buy and maintain, but at some point it might become cheaper to employ 100 laborers for $5 each than to buy and use machines.

5 usd per hour or day its bit high pay tho. like 50 ppl would be enough and if lucky you can get ppl asking for half that pay. Ai can already replace developers will it work well no but product is not that important you just need to make ppl lower their standards

引用自 lailaamell：

引用自 Nomad：

Well you can run a business without employees but if you think about construction or agriculture, a lot of machinery is very expensive to buy and maintain, but at some point it might become cheaper to employ 100 laborers for $5 each than to buy and use machines.

5 usd per hour or day its bit high pay tho. like 50 ppl would be enough and if lucky you can get ppl asking for half that pay

Exactly, people are willing to work for less when there are less jobs available and they will work harder to keep their jobs, which is great news for agriculture and infrastructure, which will benefit from higher skilled workers on lower pay rates.

引用自 Nomad：

引用自 lailaamell：

5 usd per hour or day its bit high pay tho. like 50 ppl would be enough and if lucky you can get ppl asking for half that pay

Exactly, people are willing to work for less when there are less jobs available and they will work harder to keep their jobs, which is great news for agriculture and infrastructure, which will benefit from higher skilled workers on lower pay rates.

And also no need for benefits there will be alot of expendable workers so they will work harder and work free overtime but idk how the prices can keep increasing if no one can afford stuff after all you dont want go get less money after all

Another consideration with over-automation is too many of the machines are internet dependent. What if it goes down?

Corporations have eroded people's ownership rights with things like DRM and taking away the right to repair.

Imagine if farm gear goes out when certain crops can only be harvested in a limited time period. Miss the harvest and a whole year's worth of work is GONE.

What if the maker goes BK and there is no service or spare parts available?

引用自 lailaamell：

引用自 Nomad：

Exactly, people are willing to work for less when there are less jobs available and they will work harder to keep their jobs, which is great news for agriculture and infrastructure, which will benefit from higher skilled workers on lower pay rates.

And also no need for benefits there will be alot of expendable workers so they will work harder and work free overtime

Yes at that point, I might look forward to employing staff again.

引用自 Nomad：

引用自 lailaamell：

And also no need for benefits there will be alot of expendable workers so they will work harder and work free overtime

Yes at that point, I might look forward to employing staff again.

Why if 5 can do the jobs of 20 why hire more and there is 24 hours a day if the paid work time is 9 they can work the remaining 15 as free overtime with no breaks and let ai maximise the effectivity of workers to maximise production and minimise ppl not working now reading this kinda sounds dystopian doesnt it but when again ethics dont make money

引用自 Nomad：

Well you can run a business without employees but if you think about construction or agriculture, a lot of machinery is very expensive to buy and maintain, but at some point it might become cheaper to employ 100 laborers for $5 each than to buy and use machines.

It highly depends on the work, but usually You can´t tell it like this. Like a machine does the work of many hundred workers, or is able to do stuff no human could do - like lift a 100 ton engine 130m into the air to build a windmill. Like You´d need 8k people to lift this. And it works with the same precision on every piece.

Like it´s a difference if You can produce 100k bottles of water in an hour, or 20 if You do this manually. While You need exactly one worker to run the machine which produces 100k bottles per hour. And of course a team of mechanics, which works for all the machines in the company - and is usually outsourced.

Or to put it into another perspective. When i did my first job, the guy would say that in the 60´s 600 people would work in that production hall, but now we´re two. And the only reason we´re two is, because there was an accident and the guy could have been saved if there was another to help him.

And the machine would run for many decades in the same setup.

Also there are jobs, which aren´t exactly desired to do. But for some odd reason these are paid very badly, while other jobs, which are highly desired, are paid super well. It would need to be the other way around, no?

For expensive machinery in construction or as farmer: If You´re not big enough, You´d either rent these, or share these with others.

引用自 lailaamell：

引用自 Nomad：

Yes at that point, I might look forward to employing staff again.

Why if 5 can do the jobs of 20 why hire more and there is 24 hours a day if the paid work time is 9 they can work the remaining 15 as free overtime with no breaks and let ai maximise the effectivity of workers to maximise production and minimise ppl not working now reading this kinda sounds dystopian doesnt it but when again ethics dont make money

People can't work 24 hours but I think 14 hours is fair.

引用自 Nomad：

引用自 lailaamell：

Why if 5 can do the jobs of 20 why hire more and there is 24 hours a day if the paid work time is 9 they can work the remaining 15 as free overtime with no breaks and let ai maximise the effectivity of workers to maximise production and minimise ppl not working now reading this kinda sounds dystopian doesnt it but when again ethics dont make money

People can't work 24 hours but I think 14 hours is fair.

They can how ever work 20 and sleep 4 every other day and you forget they are expendable

AI is a speculators wet dream. It can be any value at any time and you don't even have to sell a product or put one on the shelves. AI is the new crypto. Eventually it will be over speculated or some hedge fund will do a rug pull that brings the whole thing crashing down. AI so far isn't useful for anything other than having money thrown at it. Before, wallstreet was gambling on realty, now they have moved on to AI. We lose, but a few people walk away with all the money. It goes to show how much of a scam our economy actually is.

I recently have seen an interesting take on the AI bubble. Its basically some weird roundabout eco system.
Nvidia paying other companies money to buy Nvidia products and services, which is why these companies could survive so far without making profit.

Also people are waiting for the Fed to lower interest rates, which fuels speculation.

引用自 lailaamell：

引用自 Nomad：

People can't work 24 hours but I think 14 hours is fair.

They can how ever work 20 and sleep 4 every other day and you forget they are expendable

I think that's normal in India but I don't really want to make people work like that where I live, I don't think it's very fair personally.

引用自 oldirty`：

I recently have seen an interesting take on the AI bubble. Its basically some weird roundabout eco system.
Nvidia paying other companies money to buy Nvidia products and services, which is why these companies could survive so far without making profit.

Also people are waiting for the Fed to lower interest rates, which fuels speculation.

Yes, this is exactly what the video I posted is talking about - tech companies scratching each others back and manipulating market that way without creating any actual value, only illusionary value. It`s one big circle jerk among big tech companies while nation and taxpayers will gain nothing of value from it.