• Modva@lemmy.world
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    8 months ago

    Go for it guys, that’ll maximize profits by eliminating all salary costs.

    Just one thing… what’s the plan when the majority of the population has no spending power anymore? Think the economy will still exist?

    • CanadaPlus@lemmy.sdf.org
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      7 months ago

      Owners of things will buy from each other. Workers can just die in a gutter, I guess.

      We have a long way to go before then, though, and the general public is seriously talking about it, so unless we set off a rogue AI or something I’m cautiously hopeful. Also, Summers sounds like he’s just regurgitating what other people have told him in the article, some of which is outdated (like EQ, it turns out LLMs and GAIs are decent at emotional appeals).