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This is a place to share greentexts and witness the confounding life of Anon. If you're new to the Greentext community, think of it as a sort of zoo with Anon as the main attraction.

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Early_To_Risa@sh.itjust.works

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Anon doesn't like AI (sh.itjust.works)

submitted 2 days ago by Early_To_Risa@sh.itjust.works to c/greentext@sh.itjust.works

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[–] gandalf_der_12te@discuss.tchncs.de 1 points 1 day ago

If the COL goes up by 1% so does the productivity

it does not. In the 19th and 20th century, the number of workers has been the limiting factor to economic growth, so your argument held true. However, time exists, and so does progress, and so you can't assume that our current circumstance of everybody-has-a-job holds true in the future. It probably won't be the case.

With the advent of automation and AI, some (white-collar) jobs will be lost to machines. But an even bigger amount of jobs will be lost due to the end of economic growth. It is economic growth that causes the majority of jobs, and if that ceases, so do the jobs. It's like jobs are like the wind: If things stops moving, they stop existing (they turn into thin air). So unemployment might be a big problem in the future. Adding additional workers to that does not help the economy, but increases unemployment and rather harms everyone.