If most people aren’t shareholders but instead workers whose jobs are threatened by AI, we should expect this response.
It has nothing to do with artists, it has everything to do with trying to mount a collective response to the apparent threat, poorly expressed as crowds tend to do.
This is a form of the broken window fallacy. Society is not worse off when production requires less labor, any more than it's worse off when someone uses an open source library rather than paying someone to reimplement it.
I’m not sure I see it, can you elaborate?
The narrative we're seeing around AI and current automation isn't "we're going to automate one category of jobs". If it were then sure, we could be relatively confident that the excess labor from that industry would be absorbed by other segments
But that's not what the future looks like to me. The future to me looks like "we want to automate a large majority of labor"
So what then? If tons of labour is displaced then the Broken Window Fallacy doesn't really apply, because it is based on the assumption that there will always be something for displaced labour to do.
Call it the Excess Labor Corollary. If there's no way to absorb excess labor in other segments, then what.
Or of course, a few billionaires could hoard the wealth.
There's a Wikipedia page about it.
We could be in a post scarcity economy now, except that generally instead of realising we all have enough of we share, we raise the threshold of what we consider to be enough comfort and stuff.
It definitely could be. With current trajectory as of now, do you think it will be?
>except that generally instead of realising we all have enough of we share, we raise the threshold of what we consider to be enough comfort and stuff.
I see the opposite sentiment. I see previous basic necessities further out or reach then they were last generation. People aren't raising their standards, they are sinking towards poverty.
But then their worries are dismissed because they can get a flatscreen TV for 200 dollars. A TV that is likely feeding your data back to corporate to make thousands off you.
Like, if we all settled for a 1950s British living standard, using current manufacturing technology, we could achieve that while everyone works a little bit less.
But, we'd prefer to keep labouring and have nicer things.
And your theoretical implies we have choice in the matter. I'm sure many would in fact take a smaller home with less amenities over a modern home with cheap appliances. Not that I'd actually be given that choice given my family lineage, but the general living standard of the 50's was quite high. I doubt the act of AC and the lack of knowledge of abestos are the things that made housing skyrocket over the decades.
So here you never have to pay anyone to fix your windows, because they fix themselves, but conversely nobody will give you money to fix their windows! And then you have to pay your self-fixing windows a rent in tokens without an income.
That's a pretty big leap.
Society is definitely worse off when people who exchange their labor for capital have no opportunities to do so
Not objectively in every situation. But that does seem to be the case and objective here.