Massive job loss from AI requires one of two things: actual human-equivalent AGI or no increase in demand.

Focusing on option 2 and software development, teams and companies will only downsize if the demand for software doesn’t increase. Make the same amount of stuff you do now but with less people.

What I think will happen is that enough companies will choose to do things that they couldn’t afford or weren’t possible without AI (and new companies will be created to do the same) to offset the ones that choose to cut costs and actually increase the amount of people making software.

I am pretty sure these are well known economic ideas but I don’t know the specific terminology for it.

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munificent an hour ago | parent | next [-]

> no increase in demand.

We are already hitting the limits of demand in many areas of life. The fundamental currency that is not growing is human attention.

Sure, now you can be a musician and use AI to help you make an album in a weekend. Great. So can a million other people. Who's going to listen to them? Everyone is already inundated with more music than they could ever listen to in a lifetime.

Now someone who's never written a line of code can vibe code an app and upload it to an app store. Great. So can a million other people. Who's going to install those apps? When was the last time you found yourself thinking, "I wish I had more unmaintained apps on my phone!"?

Now someone who aspires to be a "writer" but lacks the willpower to craft sentences can throw a couple of bullet points at an AI and get a thousand word article out. Great, so can a million other people. Who wants to read more AI slop text on the web? There are already a million self-published authors whose books never get read. That's not going to get better when there are a billion of them.

All of us, every single one of us, is already drowning in information overload and is stressed out because of it. The last thing any of us want is more stuff to pay attention to. All of this AI generated stuff will just be thrown into the void and ignored by most.

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the_af 6 hours ago | parent | prev [-]

There are more options:

Mass unemployment, consolidation of all AI-related benefits in the hands of a few, an increase in demand that doesn't outpaced the loss of employment, increase in capabilities (not AGI) that mean a few chosen people can do most things without hiring other people, etc.

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munksbeer an hour ago | parent [-]

If there is mass unemployment, who is going to buy anything from anyone? The "few" don't need or want us to be scraping in the dirt. They want us spending lots of money on their products, so their wealth increases.

I know it is the classic sci-fi dystopia where somehow despite endless advances in tech and automation, the masses can't figure out how to make it work for themselves and end up living in shanty towns on top of each other waiting for gifts from the elite, or scraping in dirt outside the cities, but come on... I just don't see that as being credible.

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the_af an hour ago | parent [-]

> If there is mass unemployment, who is going to buy anything from anyone? The "few" don't need or want us to be scraping in the dirt.

> They want us spending lots of money on their products, so their wealth increases.

If we're considering scifi scenarios, imagine this: if full blown automation of everything is achieved, why would the "haves" need the "have-nots" buying anything at all? Why would they need them to exist, at all? Think about it. It's an extreme and we're not near it... yet.

> despite endless advances in tech and automation, the masses can't figure out how to make it work for themselves

If the tech (or the really helpful tech) is guarded behind a lock, and they don't hold a key, it's not a matter of figuring things out. Unless by figuring out you mean revolt?

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munksbeer an hour ago | parent [-]

> If we're considering scifi scenarios, imagine this: if full blown automation of everything is achieved, why would the "haves" need the "have-nots" buying anything at all? Why would they need them to exist, at all? Think about it. It's an extreme and we're not near it... yet.

So we reach this post scarcity society, where everyone could be living a life of luxury, but this whole group of "haves" as you call them (who would they be?), somehow form this uniform view that they just don't want 99.9% of other people around and let them all die off while they guard themselves in gated cities or something.

It just makes no sense at all to me. Like in a sci-fi novel or movie where it is a plot requirement, ok, but in reality, I just cannot see the path and all the things required to get to that particular reality. So many ways it would work out differently.

	▲	the_af 32 minutes ago \| parent [-]
		> So we reach this post scarcity society A full automation society, where the implied post scarcity is not necessarily for everyone. Maybe it needs most of the population not to exist in order for the few to enjoy the lack of scarcity. Resources aren't infinite, but greed is. I mean, resources and wealth could be far better distributed right now, no need for AI, yet most times this is attempted the wealthy fight tooth and nails against it, even though the impact for them would be very small. What makes you think having AI will magically make them better people? > [...] this whole group of "haves" as you call them (who would they be?) somehow form this uniform view that they just don't want 99.9% of other people around A uniform view on this matter is easier to achieve by an extremely small subset of people. And really, do you need to ask "who are they"? I mean, the billionaires and owners of concentrated capital of the world? > I just cannot see the path and all the things required to get to that particular reality. You cannot see a path from unchecked capitalism and extreme concentration of capital, via total automation, to this particular reality? It sounds like a failure of imagination. I see the people at the top being lying sociopaths and have no trouble believing this.