| ▲ | judge2020 2 hours ago | |||||||
I think you're mistaken. The US uses the expenditure approach to GDP, so (I believe) it doesn't matter if it's a LLM or an engineer doing the work to generate revenue. (Of course this breaks down heavily if the human buying power stops constantly rising and there's de-facto less demand for goods and services) | ||||||||
| ▲ | mullingitover 2 hours ago | parent [-] | |||||||
> (Of course this breaks down heavily if the human buying power stops constantly rising and there's de-facto less demand for goods and services) This is what I'm talking about. I can easily envision waves of layoffs in areas like the service industry that historically have been highly resistant to productivity increases in the past. Hell, there's a whole industry based on arguing with insurance companies over billing that could potentially evaporate overnight[1]. That alone is hundreds of billions of dollars, and that's just one example. [1] https://www.americanprogress.org/article/excess-administrati... | ||||||||
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