The problem with this "creative destruction" hand-wave is:
- there's no thought given to what happens in the interim. Forget the welfare of those displaced, consider what acts the desperation will lead them to.
- these replacement roles may very well never exist or will pay much, much lower than they do now.
- this disruption happens entirely in services, LLMs are not improving agricultural yield, most industries steeped in physical reality will mostly cut overhead for generating text.
- the gains from automation do not necessarily have to diffuse over us all, the capital can simply accumulate in the hands of the firms.
You cannot keep pointing to the past when you are suggesting an entirely new never before seen moment is upon us.
- there's no thought given to what happens in the interim. Forget the welfare of those displaced, consider what acts the desperation will lead them to.
- these replacement roles may very well never exist or will pay much, much lower than they do now.
- this disruption happens entirely in services, LLMs are not improving agricultural yield, most industries steeped in physical reality will mostly cut overhead for generating text.
- the gains from automation do not necessarily have to diffuse over us all, the capital can simply accumulate in the hands of the firms.
You cannot keep pointing to the past when you are suggesting an entirely new never before seen moment is upon us.