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David Shapiro (L/0) @DaveShapi
Saturday, October 26, 2024 import

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I used to think technological progress would naturally spread its benefits across society. Every advancement in computing historically created new kinds of jobs and opportunities. Then I saw the data on AI compute growth - not just Moore's Law, but compound acceleration across hardware, energy efficiency, and model capabilities. We're approaching human-level cognitive automation within 20 years, not 80. When machines can perform most cognitive and physical labor cheaper, faster, and more reliably than humans, the fundamental bargain between capital and labor breaks. Economists are still arguing about job displacement while missing total economic transformation. Our entire social contract is built on humans trading labor for wages. When AI and robots become the primary productive asset class, capital owners no longer need that bargain. That's not innovation creating jobs - that's structural collapse. TLDR: When machines are "better, faster, cheaper, and safer" than humans, it becomes economically inevitable that labor dislocation or substitution occurs.