"Tech CEOs Say AI Is Ushering in an Age of Abundance, But Instead the Evidence Shows That It’s Pushing Down Wages"

The purpose of a system is what it does.

https://futurism.com/future-society/ai-bubble-wages-economy

Tech CEOs Say AI Is Ushering in an Age of Abundance, But Instead the Evidence Shows That It’s Pushing Down Wages

One economist explains why it's important for the AI bubble to burst as soon as possible, as the tech wreaks havoc on wages.

Futurism
@tante it's just an age of overabundance of Tech CEOs.
@tante When the powerful speak they often do so with an egocentric mindset - they will be fine thank you very much.
@tante the question is, abundance for whom? As Cory Doctorow said, the important thing about technology isn't what it does, but who it does it *for*, and who it does it *to*...