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Politics : Formerly About Advanced Micro Devices
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To: Wharf Rat who wrote (1421685)10/11/2023 8:13:07 PM
From: Doren1 Recommendation

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rdkflorida2

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> needs more food to avert mass starvation

Technically I think that's incorrect. Starvation is a function of distribution not production.

> use more energy than we are producing

Technically this is true because storage is more important than production. Again when oil hit ZERO dollar per barrel it was because producers had no buyers because all the storage tanks were full. Wildcatters were paying shipping companies to lease their tanker to store oil they couldn't sell.

This was at the height of Covid. People weren't driving much.

My view is inflation is caused by too many people in non-productive jobs.

A good case is my industry. There aren't enough people willing to build homes. Ask any general contractor. Old fucks like me are retiring and young people aren't entering the building market. But they aren't making enough to buy a home built by the few people willing to build them anymore.

Kind of dumb. Talked to a kid at a bank counter new to the job. He wants to be in the financial business. AI is going to gut that business. AI has decades to go before robots can do construction jobs economically.

AI is going to gut the coding industry, the design business, much of the white collar workforce, much of the auto building business, the lucrative part of the music industry, much of the film industry... I knew that it was coming a long time ago... I was a geek in college, I could see most of web design was going to be automated.

The thing is though... business doesn't pass along their lower costs to consumers as much as it rewards those at the top.

So the mansion business is still going to thrive.
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