Discussion about this post

User's avatar
Devieka Gautam's avatar

One of the best posts I've read today, Matthew! I loved how it takes off with "In a world where many feel they are what they do, what does it mean to be unemployed?"

Expand full comment
Matthew Bennett's avatar

So, I think I would say a couple of things from the perspective of Human Loops.

First, AI is already/going to be a massive global, structural, economic change, a true paradigm shift, that affects everything downstream of it, which will be A LOT, including incomes, jobs, businesses and economies, and then of course families, friends, status and connections at the relationships level (which is also pretty structural from an individual's perspective).

I'm sorry to hear about your grandad's dementia. That's a really tough one. His and your family's story is a great example from a past generation of previous structures, purposes and relationships that did all work together—for as long as they lasted. Now a lot of them are going to get trashed and what do you do with all the memories? How do we create new ones or generate or build better or acceptable options for our kids in their lives? And we know what happened to the mines and with de-industrialisation in the UK and all of the generational, social and family turmoil that caused.

Lots of people talk about UBI as the "obvious" solution but even if governments go for it on a big enough scale, how are they (ultimately we) supposed to pay for it all? Even more never-ending public debt and deficit spending? At some point, the labour-capital-consumer equilibrium modern economies are based on falls apart, even if the credit-debt part holds that long, because if enough jobs go, there won't be enough people with enough spare money to buy all the stuff the AI and the robots are producing.

Second, even if we can create social or economic gaps or pauses while we work it out, and work something temporary out for the money side, there is going to be a giant crisis of meaning that will affect all of the key institutions since the Enlightenment and represent an ontological challenge to human creativity and meaning themselves. We could introduce or hope for some positive greater spiritual evolution there, but how many people will just be mostly content to take the UBI and watch some more Netflix? And if everybody is getting lots of free income, what happens to prices and inflation for all of the stuff most people need in some form (housing, good, clothing, etc)?

Essentially, how do whole societies rebuild logistics and income structures for their actual families when a massive percentage of modern work is now threatened by AI? And let's remember that 99.9% of normal societies are not enthusiastic tech VCs in San Francisco or New York.

Expand full comment
7 more comments...

No posts