Just an Ag said:
The Ai boom will lead to more productivity from fewer man hours. How will this manifest itself in the work place? I see, initially, a downsizing of the workforce and the disruption we are all talking about. Eventually this will evolve. What you may see in the future is a shortening of the work week (similar number of employees but each working fewer hours, but still maintaining the output of a 5-day work week). Maybe a three day weekend becomes standard within the coming decades. And that may be just scratching the surface of how society will change …. Elon's view of a leisure society supported by Ai may not happen in our lifetimes, but may be the direction things are going!
Do you remember the TV show the Jestons?
This was a TV show in the 1960's that assumed that technology was going to make everyone's life super simple. George Jetson worked a 4 hour work-week at Spacely's Sprockets, eveyone had a ton of leisure time, and machines did most of the work.
Technology has advanced SUBSCTANIALLY since 1963, and those forecasts never came true.
What happened is that technology made work more valuable. The people that wanted to make a lot of money actually started working harder. The workforce was slimmed, high achievers made even more money than average achievers due to the leverage of technology, income was concentrated on the smartest, hardest working people. What didn't happen is the 4 hour work-week. Just more hard workers getting richer, and more loafers working less and living off of government handouts.
My projection is that AI will have a similar impact. The people that take the time after their jobs to learn how to use the technology will work even harder and make more money. Bottom performers will get UBI. The lower-middle performers will find other jobs where AI can't replace them.
History doesn't repeat the past, but it usually rhymes.
The best thing about AI is that it will allow entrepreneurs to compete with the big guys even better than in the past. Overhead will go down across the board and across industries. When overhead goes down, you get to the break-even point much faster. Many companies that were never started because it was too big of a risk to invest the money to get to break-even won't have that problem anymore. Corporate moats will get slimmer. This is all good for hard working Americans.