Economic News

  • Thread starter Thread starter nycfan
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nycfan said:
The decoupling of jobs data and economic production may continue to accelerate as AI replaces a lot of us white collar stiffs across the information economy, which could in turn further accelerate the concentration of wealth among a small fraction of Americans. The bottom 50% of Americans has already seen their combined wealth shrink from 3.5% of total American wealth to 2.5% now. The bottom 75-99% should prepare to see their relative share of the pie shrink as well.

We seem to be heading towards a dystopian bifurcated economy where Americans are either employed to provide healthcare (and related services) and daycare/eldercare services to other Americans and most of the rest of Americans will service the tiny owner class and their data centers and robots and the energy needed to fuel them.
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This is what I used to tell my son, and it's why he decided to go into robotics or a robotics-adjacent field: There are going to be two types of people: the ones who work for the robots, and the ones who design the robots.

I'm not sure it's going to happen as fast as some project, but it isn't a great time to go to law school, that's for sure. Especially a lower tier law school.
 
superrific said:
This is what I used to tell my son, and it's why he decided to go into robotics or a robotics-adjacent field: There are going to be two types of people: the ones who work for the robots, and the ones who design the robots.

I'm not sure it's going to happen as fast as some project, but it isn't a great time to go to law school, that's for sure. Especially a lower tier law school.
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Until AI designs the robots and other robots build the robots.
 
nycfan said:
The decoupling of jobs data and economic production may continue to accelerate as AI replaces a lot of us white collar stiffs across the information economy, which could in turn further accelerate the concentration of wealth among a small fraction of Americans. The bottom 50% of Americans has already seen their combined wealth shrink from 3.5% of total American wealth to 2.5% now. The bottom 75-99% should prepare to see their relative share of the pie shrink as well.

We seem to be heading towards a dystopian bifurcated economy where Americans are either employed to provide healthcare (and related services) and daycare/eldercare services to other Americans and most of the rest of Americans will service the tiny owner class and their data centers and robots and the energy needed to fuel them.
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You’re a skilled, experienced attorney, correct?

Do you see yourself replaced by AI in 5 years? 10? 15? 20? Ever?
 
Zoo_View said:
You’re a skilled, experienced attorney, correct?

Do you see yourself replaced by AI in 5 years? 10? 15? 20? Ever?
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I see myself retired before/rather than being replaced, but I am also training AI that will reduce the openings for young attorneys to become experienced, skilled attorneys. I think we will continue to need human attorneys but am not sure what transactional legal practice will look like in 10 years.
 
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