Yeah seriously. Don't people understand the fact that society is not good at mopping up messes like this—there has been a K shaped economy for several decades now and most Americans have something like $400 in their bank accounts. The bottom had already fallen out for them, and help still hasn't arrived. I think it's more likely that what really happens is that white collar workers, especially the ones on the margin, join this pool—and there is a lot of suffering for a long time.

Personally, rather devolving into nihilism, I'd rather try to hedge against suffering that fate. Now is the time to invest and save money. (or yesterday)

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sarchertech 6 hours ago | parent [-]

If white collar workers as a whole suffer severe economic setback over a short term timespan, your savings and investments won’t help you.

Unless you’re investing in guns, ammo, food, and a bunker. We’re talking worse unemployment than depression era Germany. And structurally more significant unemployment because the people losing their jobs were formally very high earners.

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nikkwong 4 hours ago | parent [-]

That’s the cataclysmic outcome, though. Although I deemed that that’s certainly possible and I would put a double digit percentage probability on it, another very likely outcome is a very severe recession, or a recession, wear a lot of, but not all, white collar work is wiped out. Maybe there’s a significant restructuring in the economy I think in a scenario like that, which also seems to be in the realm of possibility, I think having resources still matters. Speech to text, sorry for the poor grammar.

	▲	sarchertech 3 hours ago \| parent [-]
		It’s definitely possible that there’s an impact that is bad but not cataclysmic. I figure in thst case though my regular savings is enough to switch to something else. I could retire now if I was willing to move somewhere cheap and live on $60k a year. There’s a lot of things that could cause that level of recession though without the need for AI. I do also think the mid level bad outcome isn’t super likely because of AI is good enough to replace a lot of white collar jobs, I think it could replace almost all of them.