Yes, but I do worry about junior knowledge worker job loss. These models are very good (and getting better) at the vast dark matter of "donkey work" that happens in knowledge-based industries -- work typically done by junior devs / analysts / lawyers / consultants, paralegals, admin assistants, customer success / support, etc. -- and those roles comprise the bulk of the workforce.

And worse, these are the tasks that help the junior people eventually grow into the skilled knowledge workers required to operate models, so there's a pipeline problem too.

We'll get around to training job specific models or the equivalent. Thats just lower on the value chain for now.

Sure. I was challenging the parent on how the “game” they are positing would play out.

Back then people were mostly farmers, but we already automated that job away.

Not completely, but compared to the middle ages we 50x'd their output. Which is a great illustration what it means to make a job 50 times more productive. We went from 80-90% of the population being required to barely make enough food for everyone to survive, to 4% of the population producing such an abundance that consuming too much food has become a systemic health issue

There definitely were what could be considered knowledge workers in the (high) middle ages, it just wasn't the majority of work like today. The knowledge workers then were just a tiny, elite faction, mostly employed by the church or directly by nobility. Kindgoms were still big bureaucracies and needed scribes, theologians, academics, lawyers.

Relatively few anyway. Monks (who wrote and edited books and managed libraries, and also taught), artists and musicians, bookkeepers/treasury/exchequer, scribes/chancery (who were the administrators of the kingdoms), and bankers all existed in European "middle ages". But a significantly smaller part of economy/society compared to "western world" now, yes.

There wasn’t 20x value to pay for in the middle ages either.

Are you sure? Any functional organization requires keepers to oil the machine. First the government. The best examples were the chinese empire, the catholic church, and the various kingdoms. Or do you think that everyone was either fighting or farming? Stewardship is knowledge work. Bookkeeping is another.

SVB didn't get bailed out, their investors and creditors were wiped out. You could argue depositors were bailed out -- as they took the undue risk of keeping more than $250k in a single bank (though as part of a requirement for getting a loan from SVB, you had to have your operating accounts with them. So lots of companies had no choice, as SVB was one of the few banks that would lend to them).

Arguably, the main impact of securing SVB depositors above the $250k limit is that it prevented thousands of people from being laid off that week, as their employers wouldn't have had the money to make payroll the following Wednesday.

> UBI only exists for companies

What's the U stand for in UBI?