The Great AI Deflation Bomb (power, CEO, Opera, Google)

[Take a History Class]

https://www.forbes.com/sites/richkar...h=6e7c2ad73aae

A comforting idea, but that’s not the future we face. Enter a wild new technology accelerant, generative AI. Only five months ago, most of us, even those who follow technology closely, had never heard of OpenAI, a private research organization founded by Elon Musk and others to make AI easier to use. Then on Nov. 30, OpenAI released to the public its AI app called ChatGPT. Within one week, a million people had signed up, and the AI era suddenly had shifted to warp speed.


ChatGPT’s version four took an American law school admissions test in March and scored in the top 10% of test takers, versus the bottom 10% scored by an earlier version. Among the believers in AI’s transformative power is Microsoft CEO Satya Nadella, who says AI is the new platform for the world’s enterprise software.


Question: What do you think ChatGPT-like technology (and similar AI apps from Google, Amazon and others) will do to the world’s educated, white-collar labor force? Answer: carnage. AI will be the great deflation bomb hitting professional services. The work of 20 corporate communications professionals or paralegals or mid-level programmers will now take only three or four people assisted by ChatGPT versions 5, 6, 20, 50, etc.

The current left wing/Democrat power base is weathy, credentialed professionals. They donate gobs of money to Democrat causes and largely dominate all levels of social and political power in this country right now by way of social influence and high salaries. The old chestnut that the wealthy vote Republican is so 30 years ago. But they just might be replaceable by technology. A beer drinking, MAGA Republican plumber who owns his own business doesn't seem nearly as vulnerable.



Will the great AI deflation be the revenge of the blue-collar, working men and women?

[Listener2307]

Originally Posted by Take a History Class

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Will the great AI deflation be the revenge of the blue-collar, working men and women?

It just might. There are jobs that only humans can do, and most of them are blue collar types of jobs.


Still, AI in its primitive form has already taken some blue collar jobs too. Elevator operators, gas station attendants and many secretarial positions are long gone.
Population decline is coming and with it a sharp decline in working age people relative to everyone else, so the AI deflation may not be as bad as some think.
Progress is funny stuff. I was once a facsimile machine technician. When I was a child there was no such thing as a fax machine, and now fax machines hardly exist.