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9 Comments
From the article: Famed Silicon Valley investor Vinod Khosla thinks artificial intelligence will be able to do 80% of the work of 80% of jobs.
That will mean humans have a lot more free time because the value of our labor will fall. One way to cushion the blow: universal basic income.
Khosla, who cofounded Sun Microsystems and who has invested in OpenAI, wrote in a lengthy post on the website of his eponymous venture capital firm that AI would reduce costs and make expertise nearly free.
AI: Dystopia or Utopia?
By Vinod Khosla on September 20, 2024
https://www.khoslaventures.com/ai-dystopia-or-utopia/
It’s funny I saw this cartoon from one of the early world fairs like 100 years ago and they thought everyone in the future would have all this leisure time because machines would do everything for us. I have a bad feeling that even if we got AI to do most of our work, people would still get shafted by billionaires.
Why does this sound to me like “Let’s bribe poor people into letting robots make them obsolete”? Like, yeah, I get basic income… and then what? I still live in a world where the ultra rich possess 99% of stuff, including all the robots and AI that produce most of the stuff we are supposed to spend our basic income on to maintain the status quo. How is this supposed to battle wealth disparity?
I’ve long thought that Universal Basic Income will come about because it serves the interests of the rich. It will be impossible to have sky high valuations for the stock market and property in a world where tens of millions of people’s jobs are being permanently replaced by machines. Especially when whole categories of jobs, like driving jobs, completely disappear forever.
Like the covid era free money injections into the economy, governments will do anything to preserve the wealth in stock market valuations. They will call it ‘saving the economy’, but it will be the start of UBI.
I can’t wait for this AI fad to be over. Unless someone makes some incredible breakthroughs in the field soon, a glorified auto complete is not taking any meaningful jobs anytime soon.
I can’t wait for this AI fad to be over. Unless someone makes some incredible breakthroughs in the field soon, a glorified auto complete is not taking any meaningful jobs anytime soon.
So, basically the guy scares us of China, says a lot about democracy, and at the end gives us this choice: „why should we be more comfortable with the global influence of unelected leaders like Xi Jinping than with that of tech CEOs?”. And later explains, that CEOs have boards and other ppl to report to. Yeah, for sure it will stop them from exploiting planet and other people, or leaving them in poverty beyond imagination. What a stupid old fuck
So if you swap this argument the other way around – you need UBI as AI and robots are doing the work and people need to buy stuff.
You could reach the same position for the end user by making the essential stuff free – you get the same result.
EXCEPT the industry leaders will not be able to still make money and expect that Government taxes (in the form of UBI) go straight to them, adding to their bottom line.
Yeah, thought so. Not as attractive is it.
Just make businesses pay the amount of a year’s payroll for each employee they fire without reason as tax and then give 100% of that tax to unemployed people