Highlights

id736912974

Imagine, for argument’s sake, that AI enables a company to do the same amount of work with half of the workers in half of the time. The wonders of science! Now imagine two different paths for this transition: in one, the company fires half the workers, cuts labor costs in half, doubles productivity per hour, and all of the profits created by that change accrue to the company’s investors and to the executives who happily laid everyone off. In another scenario, each worker whose job is replaced by AI is retrained for another internal role, allowing the company to expand (or given a hefty severance package and training for another career), the remaining workers are able to work fewer hours per week for the same pay thanks to the efficiency gains, and the increases in profits are shared out among the work force, either through profit sharing or employee ownership of the company.

✏️ How often will people see both these options and say, that second one would never work? And what would that say about us a global society? Why is the second option farfetched? It isn’t, unless you accept that capitalism is king. 👓 exploitation capitalism 🔗 View Highlight

id736913529

To the extent that AI turns out to be real, it should be viewed as a public good, not a private one.

✏️ That is the question isn’t it? Do you consider AI a public or a private good? Everything that follows stems from which way you answer. #addto/questions 🔗 View Highlight