"Excessive automation" due to AI hype is creating a massive pan-market opportunity for startups prepared to come in and pick up the pieces.
https://www.owenmcgrann.com/p/the-dead-economy-theory
To me Owen's proposition in this article that we get the "worst of both worlds" of automation seems obviously contradictory.
Either AI had modest productivity gains, and we can't automate that many jobs, or we do automate many jobs and productivity skyrockets.
The combination of low/no productivity gain that still causes mass unemployment seems hard to defend on logical grounds. Were're the redundancies going to come from in that case?
Either AI had modest productivity gains, and we can't automate that many jobs, or we do automate many jobs and productivity skyrockets.
The combination of low/no productivity gain that still causes mass unemployment seems hard to defend on logical grounds. Were're the redundancies going to come from in that case?
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