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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (1170579)	10/13/2019 12:54:00 PM
From: Jamie153	Read Replies (2) \| Respond to of 1572860

Let's look at UBI first and I'll use a very simple example so let's stay within this example. When Pepsi was made decades ago, thousands of workers were needed. There were Pepsi plants in every major city, each employing their own team of workers and managers. Today, massive factories using machines churn out billions of dollars of Pepsi. Billions of dollars of wealth are being created by machines. Where does the wealth created by machines go? Most of it goes to investors. Can anyone honestly say this is the best use of limited resources? So the guy who used to make Pepsi doesn't have a job and the guy who's never worked a day in his life (the ultra rich) get the vast majority of the wealth. Society in general declines. Now, amplify this thousands of times, millions of times. A.I is expected to destroy 40-50% of all jobs in about a decade. Wealth will still be created, but it'll be created by machines. If things continue on the current path, the vast majority of that new wealth will go to the top 1%, most of whom have never worked a day in their lives while workers get less and less, How does that make sense?