why would the price for a movie go up if supply goes up? this video lacks basic understanding of economics and I want my minute back
replyhell, if actors are still making movies for the love of the game and competing with cheaper (SOMEHOW! I guess we forgot about Sora already) then the price on those will actually go down
oh no, more indie movies made out of the labor of love, the horror.
Well the situation being portrayed is that the real movie is a luxury item while the AI movie is an inferior good (https://en.wikipedia.org/wiki/Inferior_good). If the increase in wealth inequality meant that fewer people were able to afford to see the movie made by humans, then the price would go up because that's the only way to recoup the budget with fewer ticket sales. We're already seeing this to a certain extent. Movie ticket sales have been declining in the US for decades (the peak was in 2002, see https://web.archive.org/web/20260228182012/https://www.the-n...), all the box office sales records are due to a mixture of ticket price increases and inflation.
reply>(SOMEHOW! I guess we forgot about Sora already)
replyYes if theres one thing we know about Chips and AI its that the price of equivalent performance literally never decreases...