The Oligarchs may use Artificial Intelligence advances to suppress the wages of American jobs

[Neon Gods]

12. It's called progress

I'm not trying to be snarky, but this is nothing new. When I was a kid in the 50s all the banks had row after row of tellers and when I made a deposit from the money I made peddling papers the teller had to enter my transaction in my deposit book, add my new balance in a separate column and then do the same in the bank's records, and at the end of the day the teller had to review all their transactions and make sure the debits and credits from the day equaled the money in her drawer. VERY time consuming and subject to error. Today this is all done by computers, often online, and many of us never have to visit a bank for months. Consequently a LOT of bank jobs were lost to automation. The same can be said of bookkeepers, and secretaries.

Don't blame the "oligarchs" for this, replacing labor with more efficient, more accurate, automation is what any good businessperson would do. The question is, at what point will the need for labor drop below the number of workers who need a job to survive? This is scary to me because I know the oligarchs (the real ones) are going to want to do as little as possible for the unemployed, even if it means the unemployed and their families slowly starve and die young, in fact that would be seen as a plus.

I don't have an answer but we need to begin thinking about solutions soon.