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kevin Lenihan's avatar

I think Peter is doing great work, but he also may not really understand the depth of the problem. He gets a distorted sense of things because he meets so many successful entrepreneurs. However, 10 million white collar jobs are not going to be replaced by 10 million new AI-run small businesses.

For the majority of people, coming up with a business idea is the first hurdle. And it's especially hard to come up with a business idea that would require a work force of only 4 AI's, which is a reasonable starting point for most people.

There's no question that AI will enable thousands of new businesses to launch and thrive. That will do incredible things for overall productivity.

The problem will be on the demand side. If real unemployment drops to even 8%, that will lead to a tremendous reduction in demand. If it's 10 to 15% we're looking at depression type numbers. And this has the potential to be way beyond 15%.

I can't imagine the solution, and I've not seen any convincing plan....but I'm glad these guys are at least getting the conversation going on it!

Vic Holtreman's avatar

These articles are getting more and more ridiculous, honestly. Not every white collar worker laid off has either:

What it takes....

The inclination...

The ability...

The skills...

The concepts/ideas for a service or product...

...required to be a successful entrepreneur. Not just in name only, but actually making a profit.

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