We're about to enter a new chapter of capitalism. Where we eliminate labour from the productivity equation. GDP will not be tethered to labour, meaning it will become unbounded. It's gonna get weird fast.
For those looking for more details, I've compiled some thoughts here with my AI:
🧵1/ As #AI drives the cost of knowledge & physical work towards 0, we'll see widespread adoption across industries. 💼🤖 Massive layoffs won't mean a loss in productivity—instead, we'll witness an… twitter.com/i/web/status/1…
🧵1/ As #AI drives the cost of knowledge & physical work towards 0, we'll see widespread adoption across industries. 💼🤖 Massive layoffs won't mean a loss in productivity—instead, we'll witness an… twitter.com/i/web/status/1…
🧵1/ As #AI transforms labor markets & drives productivity, it's essential to understand how this may challenge the traditional notions of GDP & capitalism. Let's explore the implications with a balanced view, referencing key economic principles. #Economics #GDP #Capitalism
📉2/… twitter.com/i/web/status/1…
📉2/… twitter.com/i/web/status/1…
UBI is inevitable.
When people cannot earn to feed themselves or pay rent, the government will have to step in and give you an allowance. Think of the stimulus checks as a test run for what's about to happen.
💸How will UBI be maintained?
The government will have to setup… twitter.com/i/web/status/1…
When people cannot earn to feed themselves or pay rent, the government will have to step in and give you an allowance. Think of the stimulus checks as a test run for what's about to happen.
💸How will UBI be maintained?
The government will have to setup… twitter.com/i/web/status/1…
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