What will decimate the global economy is the correction that will happen when either AI proves to be a folly or investors realise they'll never recoup what they've paid out. Or when theres mass unemployment cos AI has taken all the human jobs. We're cooked whichever way it goes.

[–] Tollana1234567@lemmy.today 1 points 10 hours ago

not taken jobs, but laying people in such massive amounts, and "rehiring" cheaper employees that have been outsourced.

[–] BygoneNeutrino@lemmy.world 1 points 11 hours ago* (last edited 11 hours ago) (1 children)

I feel as though people in 3rd world countries will be hit the hardest. Most of the jobs in first world countries can already be done much, much cheaper by foreign workers. Although we could outsource everything, it feels like we give people jobs just to keep people busy.

In the next two decades, I'm convinced that the countries that can't afford to invest in AI and automation will be hit the hardest. The value of their work will be reduced, and richer nations will not freely share the technology.

...it was my point about world hunger. Things are set up to where the global poor have just enough money to by food and shelter. Their low wages are why people in my country have such a high standard of living.

[–] Tollana1234567@lemmy.today 1 points 10 hours ago

i heard indians are getting laid of by the droves as well due to the AI boom.

[–] humanspiral@lemmy.ca 1 points 19 hours ago

climate crisis doesn't cost anything from an energy perspective. Just freedom of competition. renewable energy can outcompete incumbent energy, and a carbon tax and dividend scheme (0 cost) ensures the full (future) cost of dirty energy is considered.