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REDDIT

Why do we continue to go through this idea that technology will lead to massive unemployment?

Was reading the Citrini article this morning published "June 2028." Gives the idea that the S&P 500 will peak around $8000 in October of this year and then collapse with rising unemployment headed over 10% by 2028. All because AI is going to replace their human masters.

I don't get it.

Technology has always replaced previous work. How much manual farm labor have we replaced? We have as many farmers today as we had at the onset of the revolutionary war, yet we have 300,000,000 more people to feed. Do we realize that 99.9% of ferriers lost their jobs when cars replaced the horse? In 1964 there was an episode of the Twlight zone highlight how machines over a short period of time replaced all the human workes. The CEO was exicted at all of the savings... until he too was eventually replaced. Someone was quoted a few weeks ago talking about how IBM computers replaced about 15 floors of each Manhattan office building, who no longer needed their human "compute-ers" And of course in the late 90's Microsoft Excel was going to end the need for accounting firms as we know it.

Is technology disruptive? Absolutely. Is it neccessry? Absoultely! Think about it, without technology we are still an agrearian society reliant on beasts of burden to help us with our daily tasks.

But the idea that transportation didn't do it, machines didn't do it, PC's did do it, but now AI is the thing that is going to end society? Come on. It's simple doomerism and is not backed up by any historical evidence. There is nothing that can replace humanity, it's just not possible. We are the most complex biological entities in the known universe, the idea that we could somehow replace ourselves makes no sense. We can make our lives better, but we still have things to accomplish, and we will accomplish them as humans not simply as robots or AI.