NFR AI - How It Will Affect Jobs In The Next 5 years

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Zak said:
I don't think the rich are bad people. At least, not mostly. I don't think billionaires (or trillionaires) should exist in a country where kids go hungry.

I think the top marginal tax rate should be set north of 70% (to start). Here's an overview of the top marginal tax rate over time:

https://www.wolterskluwer.com/en/expert-insights/whole-ball-of-tax-historical-income-tax-rates

I think the significant reduction in the top marginal tax rate since WWII had/has a lot to do with rising income inequality.
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That lower tax rate has give people a much higher standard of living regarding consumer goods. Flat screen tv, smart phones, etc. You can be “cash poor” yet “materialistically rich” in our modern society. The smart phone to my grumpy @$$ drives me nuts as I hold a $1000+ computer in my hands that I paid for via my skillset and labor, and see a homeless dude(tte) pounding away on the corner on one while holding a sign. I’ve been to third world nations in my line of work and I have seen what real poverty looks like and it’s devastating. Makes my heart weep when I see kids running around barefoot, and if you were to supply them with shoes they may be killed for them.That’s injustice. The US isn’t perfect by any means but poor is relative term in our society. If you want to talk about addressing some of the “tax advantages” more than happy to.
 
Scottybs said:
That lower tax rate has give people a much higher standard of living regarding consumer goods. Flat screen tv, smart phones, etc. You can be “cash poor” yet “materialistically rich” in our modern society. The smart phone to my grumpy @$$ drives me nuts as I hold a $1000+ computer in my hands that I paid for via my skillset and labor, and see a homeless dude(tte) pounding away on the corner on one while holding a sign. I’ve been to third world nations in my line of work and I have seen what real poverty looks like and it’s devastating. Makes my heart weep when I see kids running around barefoot, and if you were to supply them with shoes they may be killed for them.That’s injustice. The US isn’t perfect by any means but poor is relative term in our society. If you want to talk about addressing some of the “tax advantages” more than happy to.
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Not sure how taxing the second $million of income at 70% would increase the cost of a TV, but I'm way out of the area of my expertise!
 
SurfnFish said:
View attachment 187122
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Socialism and capitalism are the same in that power is concentrated at the top either by industrialists who own the means of production under capitalism or politicians controlling the means of production under socialism.

Under capitalism the masses have a higher standard of living and greater opportunity for upward mobility. Capitalism separates economic and political power while socialism merges them, restricting avenues for individuals of the masses to succeed.

We have a good system. More socialism does not benefit us. More free stuff really isn't free. Teach a man to fish he eats for a lifetime...
 
wanderingrichard said:
futurism.com

AI Zillionaires Are Starting to Get Scared as the Public Turns Against Them

Tech billionaires like Mark Cuban are becoming increasingly worried that the AI backlash could spiral into full-on revolution.
futurism.com futurism.com
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From the article,... "Evidently fearful that AI backlash could spiral into some kind of socialist revolt, the billionaire offered a laundry-list of ways the tech industry could placate the apparently witless public. These include donating billions of dollars to small towns and cities, extending an olive branch to artists and creative unions, and ignoring the temptation to hire famous people to endorse AI."

What these people fail to understand just like politicians fail to understand is that welfare doesn't work. We have to have some welfare but we should not grow it. Welfare becomes an entitlement and with it an entitlement mentality. Money should be spent teaching welfare recipients how to get ahead not giving them handouts or you create a victim mentality due justice against the billionaire oppressor. What people don't realize is the likes of buffet, bezzos, and walton alone provide jobs for almost 4 million people.
 
Coach Potter said:
Innovation has always been the driving force behind job creation.
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This is pre-computer thinking. In the last 30 years innovation is replacing workers with tech, replacing knowledge with efficiency.

If AI learns from humans experience, and we replace entry level work with AI, where are we at in 20 years?

AI isn't innovation. In fact, it's the opposite.
 
fatbillybob said:
Socialism and capitalism are the same in that power is concentrated at the top either by industrialists who own the means of production under capitalism or politicians controlling the means of production under socialism.

Under capitalism the masses have a higher standard of living and greater opportunity for upward mobility. Capitalism separates economic and political power while socialism merges them, restricting avenues for individuals of the masses to succeed.

We have a good system. More socialism does not benefit us. More free stuff really isn't free. Teach a man to fish he eats for a lifetime...
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When you read "Barefoot Economics" let me know. Until then, your views are your own and strictly your opinion. Another cliche is the rich get richer and the poor get poorer. Never, do I hear you speak of the decimation of natural resources that capitalism is largely responsible for. I would suggest you visit a Hutterite community and ask them if socialism is working. There are asshole leaders who give Capitalism, Socialism, Communism, etc. a bad rap but the ideologies all hold promise when run wisely.
 
fatbillybob said:
Socialism and capitalism are the same in that power is concentrated at the top either by industrialists who own the means of production under capitalism or politicians controlling the means of production under socialism.

Under capitalism the masses have a higher standard of living and greater opportunity for upward mobility. Capitalism separates economic and political power while socialism merges them, restricting avenues for individuals of the masses to succeed.
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I was exposed to the concept of "the coercive power of government is its legitimate monopoly on the use of force and punitive sanctions" in a mid-career class in political science.

Worse yet, when you combine economic and political power is the tendency of those in power to kill people they disagree with on political issues since they are threatened with both the loss of economic and political power.

But that did give me the opportunity to become a US citizen, when my parents fled the Soviet Union and Germany.
 
509 said:
I was exposed to the concept of "the coercive power of government is its legitimate monopoly on the use of force and punitive sanctions" in a mid-career class in political science.

Worse yet, when you combine economic and political power is the tendency of those in power to kill people they disagree with on political issues since they are threatened with both the loss of economic and political power.

But that did give me the opportunity to become a US citizen, when my parents fled the Soviet Union and Germany.
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2A
 
Yard Sale said:
This is pre-computer thinking. In the last 30 years innovation is replacing workers with tech, replacing knowledge with efficiency.

If AI learns from humans experience, and we replace entry level work with AI, where are we at in 20 years?

AI isn't innovation. In fact, it's the opposite.
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Maybe…or entry level work is different.
 
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wanderingrichard said:
www.bbc.com

Ford rehires human engineers after AI fails to match quality checks

The car-maker found AI quality checks failed to match the skill of veteran technicians.
www.bbc.com www.bbc.com
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"This included rolling out 900 AI-powered cameras in its plants "to detect quality issues at the source and help us mitigate supply disruptions...
He said these human workers had since been reintroduced to train up its systems, as well as mentor younger workers...
"We recognised that for us to enhance some of our automation and machine learning and artificial intelligence tools we needed to ensure that they were trained by the most experienced individuals"
It sounds like 300 engineers were rehired to provide the training data that the AI (camera) system CPU needs to be able to recognize images, interpret what is quality, and make decisions on workflow. They will either need to enter the training data directly or indirectly through observation of what they recognize as standards of quality that may not be totally based on what they can see and may require physical touch and feel or other analysis. A physical element would then have to be analyzed, designed, and developed into robotic process to duplicate what it does, and then the evaluation and decisions to make about what it finds...

It sounds similar to my friends who worked in IT at Boeing who agreed to train their offshore replacements so they could retire early with full retraining and pension benefits.
 
fatbillybob said:
From the article,... "Evidently fearful that AI backlash could spiral into some kind of socialist revolt, the billionaire offered a laundry-list of ways the tech industry could placate the apparently witless public. These include donating billions of dollars to small towns and cities, extending an olive branch to artists and creative unions, and ignoring the temptation to hire famous people to endorse AI."

What these people fail to understand just like politicians fail to understand is that welfare doesn't work. We have to have some welfare but we should not grow it. Welfare becomes an entitlement and with it an entitlement mentality. Money should be spent teaching welfare recipients how to get ahead not giving them handouts or you create a victim mentality due justice against the billionaire oppressor. What people don't realize is the likes of buffet, bezzos, and walton alone provide jobs for almost 4 million people.
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your reflexive response to other folks viewpoints is capitalist social lecturing.
You've been dismissive about the work ethic of your own employees while espousing the greatness of Musk and billionaires, lectured on the evils of socialism, swatted up something about a one language society, etc, etc
We get it, you've made clear you're a right leaning capitalist with a need to proselytize capitalism on a flyfishing forum. Having owned three businesses, my first at age 25, pretty sure most of us on the forum understand the tenets of capitalism well enough to not require ongoing lectures about your Holy Grail.
If I'm not mistaken, however, do not recall any threads from you on fly fishing, pics of trips, flies you tie, gear threads.
Got any?
 
SurfnFish said:
your reflexive response to other folks viewpoints is capitalist social lecturing.
You've been dismissive about the work ethic of your own employees while espousing the greatness of Musk and billionaires, lectured on the evils of socialism, swatted up something about a one language society, etc, etc
We get it, you've made clear you're a right leaning capitalist with a need to proselytize capitalism on a flyfishing forum. Having owned three businesses, my first at age 25, pretty sure most of us on the forum understand the tenets of capitalism well enough to not require ongoing lectures about your Holy Grail.
If I'm not mistaken, however, do not recall any threads from you on fly fishing, pics of trips, flies you tie, gear threads.
Got any?
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My intentions are not to hurt your feelings. If anything I have posted is factually incorrect I am listening. That's what having a discussion is all about.
 
fatbillybob said:
My intentions are not to hurt your feelings. If anything I have posted is factually incorrect I am listening. That's what having a discussion is all about.
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hurt feelings creates victimhood, which is something I am allergic to so don't indulge in it.
The issue is discussion rather than pontification.
 
fatbillybob said:
Capitalism separates economic and political power while socialism merges them,
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FBB, I disagree. If you've been observing politics and capitalism since the SCOTUS decision in Citizen United, then you have seen that wealthy capitalists are simply buying the politicians who will be docile servants and restructuring the political landscape to best serve their interests at the expense of the majority of society. Socialism merges economic and political power to serve the interests of society while insufficiently regulated capitalism merges economic and political power to make the top capitalists oligarchs in control of nearly all the money.
 
It used to be only a couple of folks were wealthy enough to buy a Senator, while the rest of 'em had to settle for renting them as needed for their pet project or tax break.
 
fatbillybob said:
Capitalism separates economic and political power while socialism merges them, restricting avenues for individuals of the masses to succeed.
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🤣🤣🤣🤣

This is pretty funny - The median net worth of a sitting U.S. senator is nearly $4.4 million. With at least 73 out of 100 members being millionaires, the Senate remains a heavily overrepresented "millionaires club" when compared to the general U.S. population, where millionaires make up about 7% of the public. [1, 2] The highest net-worth members of the U.S. Senate include West Virginia's Jim Justice (estimated ≈$664 million), Florida's Rick Scott (≈$506 million), Nebraska's Pete Ricketts (≈$205 million), Virginia's Mark Warner (≈$201 million), and Pennsylvania's David McCormick (≈$173 million). [1, 2, 3]

Donald Trump's Cabinet is the wealthiest in U.S. history. The combined net worth of top Cabinet advisors exceeds $7.5 billion, more than double the worth of Trump's previous 2019 cabinet. Including other top administration officials, the combined net worth surpasses $340 billion (though this is a year out of date)
www.forbes.com

Donald Trump’s Cabinet Is The Richest Ever

The net worth of Trump’s Cabinet—made up of Wall Street financiers, former CEOs, TV hosts and one career politician—is the highest ever, even before counting POTUS.
www.forbes.com www.forbes.com
 
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