60 years ago we were supposed to having to work very little by now thanks to automation, then automation came and instead of the productivity gains of it ending up spread across society, what happenned instead was that the extra productivity went just pushed up dividend and CxO pay higher and due to the reduced need for workers due to automation the purchasing power of salaries actually went down (for example, in the US the percentage of corporate revenues that went to pay salaries fell from 23% in the 70s down to 7% by 2014).
Expecting that, under the exact system that’s been moving us more and more towards Dystopia with each wave of automation, AI would somehow end up making things better for most people rather than better just for the Owner Class and worse for part or most of the rest, is pretty ill-informed and naive.
Indeed.
60 years ago we were supposed to having to work very little by now thanks to automation, then automation came and instead of the productivity gains of it ending up spread across society, what happenned instead was that the extra productivity went just pushed up dividend and CxO pay higher and due to the reduced need for workers due to automation the purchasing power of salaries actually went down (for example, in the US the percentage of corporate revenues that went to pay salaries fell from 23% in the 70s down to 7% by 2014).
Expecting that, under the exact system that’s been moving us more and more towards Dystopia with each wave of automation, AI would somehow end up making things better for most people rather than better just for the Owner Class and worse for part or most of the rest, is pretty ill-informed and naive.
Removed by mod