you are viewing a single comment's thread
view the rest of the comments
[–] 1 point 4 days ago* (last edited 4 days ago)

Something that robots might not be able to do is to create value, from which profits are then taken from. An employee is tasked with doing X and over the course of doing X for three decades they've found an efficient way of doing it, which has maybe enabled them to do X + Y or X^2^. This is something that automation can not do (yet). The work of a robot is a constant and often very slow (when the environment is not fixed). Value creation has terminated and value is suspended until it's touched by another human-worker who will either add or negate value. Just a random thought.

A fully automated-factory hasen't just annihilated the labour bill to $0.00. It's also destroyed any capacity for value creation and therefore surplus profits or maybe any profits. If ten entities can all assemble autonomous factories how will they compete? On price? How? Everything is fixed. Inputs go in and inputs go out. People designing ever more efficient machines? There comes a point where scale surpasses that of an entrepreneur or any business man. This is where socialism should step in...

AI 'creations' are inherently value-less. What will a market do when everyone can tell an AI to write a photoshop clone. Who is then buying photoshop clones? No one. Who would buy AI music when anyone can prompt their own computer for a song? These markets will collapse. What about bridge designs?

  • source