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For Silicon Valley, AI isn’t just about replacing some jobs. It’s about replacing all of them
"...I recently found myself at a dinner in an upstairs room at a restaurant in San Francisco hosted by a venture capital firm. The after-dinner speaker was a tech veteran who, having sold his AI company for hundreds of millions of dollars, has now turned his hand to investing. He had a simple message for the assembled startup founders: the money you can make in AI isn’t limited to the paltry market sizes of previous technology waves. You can replace the world’s workers – which means you can capture their salaries. All of them...."
theguardian.com/commentisfree/…
#AI #aipocalypse #capitalism #jobs #labor
For Silicon Valley, AI isn’t just about replacing some jobs. It’s about replacing all of them
AI will do the thinking, robots will do the doing. What place do humans have in this arrangement – and do tech CEOs care? says Ed Newton-Rex, founder of Fairly TrainedEd Newton-Rex (The Guardian)
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Hypolite Petovan
in reply to AI6YR Ben • • •Dave Spector
in reply to AI6YR Ben • • •Too bad he didn’t really cover the “less generous” outcome — the real goal. The murder of people who these tech bros don’t think are worth existing in a post-work world. Anyone who believes they are going to give up any of their wealth to fund some kind of “universal basic income” is out of their minds…
Their goal is Solaria. #IYKYK
AI6YR Ben
in reply to Dave Spector • • •emeritrix
in reply to AI6YR Ben • • •But, where will their money come from if all the people are dead or starving?
Where do they think value (exchange value) comes from?
Finitum
Unknown parent • • •HumToTable
in reply to AI6YR Ben • • •Urzl
in reply to AI6YR Ben • • •I've been saying for years now that employers resent everybody who makes more than $0.
If you're not already a literal slave, they are actively looking to render you unemployed. It was never about self checkout or whether the minimum wage was too high. It was always about American businesses deeply resenting the end of chattel slavery.
We've never collectively figured out how to run a business that pays labor for what it's worth.
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Joe Vinegar reshared this.
Stephen Dioxide
in reply to Urzl • • •Kevin Russell
in reply to Urzl • • •@gooba42
Worker owned businesses help. Find some, use them, frequent them.
Businesses with lords who must be obeyed are not necessary. Businesses with mutual respect run well.
Kevin Russell
in reply to Kevin Russell • • •@gooba42
Wouldnt it be fun if a side channel like worker owned businesses suddenly flourished and mutual respect became the path past fascism?
______
Find a Worker Co-op
This directory is a joint project of the U.S. Federation of Worker Cooperatives and the Democracy at Work Institute.
usworker.coop/directory/
#coup #coop #lord #musk #trump #dems
Find a Worker Co-op – U.S. Federation of Worker Cooperatives
www.usworker.coopStephen Dioxide
in reply to Kevin Russell • • •Kevin Russell
in reply to Stephen Dioxide • • •@Steve @gooba42
There have been several just as you describe. Instead of selling on retirement several people have transferred ownership to workers.
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"Founder gifted entire $100,000,000 company to employees after refusing to sell to corporations"
Bob's Red Mill Flour
unilad.com/news/money/bobs-red…
Founder gifted entire $100,000,000 company to employees after refusing to sell to corporations
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Urzl
in reply to Kevin Russell • • •@kevinrns @Steve We need that to become the default.
Too many owners take all the value with them when they leave.
Kevin Russell
in reply to Urzl • • •Better, start your company as a worker cooperative. Don't "look for work" create a worker owned business.
Stephen Dioxide
in reply to Kevin Russell • • •@kevinrns @gooba42 Each way has its pros and cons. Starting a co-op from scratch gives the workers control at all points in its development. Converting a business to a co-op maintains continuity of an established local business.
ESOPs don't interest me, nor do "B corps."
Eric Lawton
in reply to Kevin Russell • • •@kevinrns
Yes.
"Public" corporations are "owned" by shareholders so there is no single owner to retire and leave it to workers.
And even private owners are under pressure to leave to family heirs.
Corporate law and tax structures are designed to encourage that.
@gooba42 @Steve @ai6yr
Stephen Dioxide
in reply to Eric Lawton • • •Eric Lawton
in reply to Stephen Dioxide • • •@Steve
A significant inheritance tax, possibly with low-cost loans to a worker co-op could help to transform capitalism.
Now all¹ we have to do is change the government to one that supports this.
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1. "All": 😀
@kevinrns @gooba42 @ai6yr
Stephen Dioxide
in reply to Eric Lawton • • •Eric Lawton
in reply to Stephen Dioxide • • •@Steve
I don´t understand what you mean by that. I hear that from right-wing politicians, but I assume you don´t mean the same thing as they do.
Did you have something specific in mind?
I don´t know much about the fabric of small-town America but the small towns here in rural Ontario are solid Conservative in their beliefs, not likely to support a change from the current system.
@kevinrns @gooba42 @ai6yr
Stephen Dioxide
in reply to Eric Lawton • • •Stephen Dioxide
in reply to Stephen Dioxide • • •Eric Lawton
in reply to Stephen Dioxide • • •@Steve
When I lived in Albert's, I worked for United Grain Growers, as assistant elevator manager.
It was a farmer- owned co-operative. Next down the line was Cargill, a US agribusiness giant.
The political divide in the small town was easy to see by which company the farmers sold their grain to.
Sadly, UGG was bought out and became another agribusiness corporation.
Current tax and inheritance law makes it hard for co-ops to compete. Not just on product and price but on getting capital to renew our build infrastructure.
@kevinrns @gooba42 @ai6yr
StuartB
in reply to AI6YR Ben • • •so, if they replace all their workers with AS (artificial stupidity) and keep the money they would have paid their workers...
And they convince other market sectors to do the same...
Where does the money for other businesses to buy their products come from, given that they have all replaced all their staff with AS, so no one has jobs, so no one has any money...
Howard Cohen
in reply to StuartB • • •Dataline
Unknown parent • • •Joe Vinegar
Unknown parent • • •Dave Spector
Unknown parent • • •Aaron
Unknown parent • • •@clarablackink @Dhmspector The irony of them assuming they'll be among those selected...
The whole thing is disgusting. And, having worked in that industry, I can confirm it isn't made up or an isolated case. Most people in tech have more humanity than this, but there are plenty who think they're better than everybody else just because they work in tech, to the point that they think other people's lives don't even matter.
smallerdemon
in reply to AI6YR Ben • • •AI6YR Ben
in reply to smallerdemon • • •DeManiak 🇿🇦 🐧-More Croutons
in reply to AI6YR Ben • • •@smallerdemon it's weird that I never see this basic question asked (nm answered).
how does the stupid system work with no income being earned by us peons?
Bill
in reply to DeManiak 🇿🇦 🐧-More Croutons • • •