/biz/ - Business & Finance

It's over linkers, it's over

Attention new fags: now is the time to sell if you don't want to watch your money disappear

wtf is going on, these swings are giving me motion sickness

So let me get this straight, the stock market just lost 20 percent of its value in 21 days - the fastest and sharpest bear marketon record, faster than 1929, faster than 1987, 10 times faster than 2007 - and you retards think current prices are the bottom?

WHERE THE FUCK IS THE BOTTOM

>>13098609
Dude just buy [redacted] and chill

In the debate of whether or not AI will lead to massive job losses, people seem too focused on past events. Optimists point to the previous industrial revolutions as examples of major economic changes that in the end turned out okay for job sustainability.

But I rarely see people point to one blatant fact: Unlike previous technological advancements, AI isn't industry disruption. It's competency disruption.

Most jobs today consist of repetitive, specific tasks that require average human competence. A.I is only really good at performing specific tasks.

When AI optimists are faced with this proposition, they parry with the notion that in time, we will create new jobs to replace those lost to A.I. But that notion ignores one major problem that prevents anyone from creating such jobs: The IQ gap.

Love it or hate it, IQ is one of the most reliable tests we have on competency. A.I threatens to take not just the existing jobs for people with average IQs, but AI can take every possible job an average person will be able to perform.

The worrying part is that IQ is nigh impossible increase in a major way, and research points to it having a strong connection to genetics. What this means is that no matter how great the education system, most people aren't able to become intelligent enough to get a job in the upcoming future.

TL;DR AI will take the jobs that most people are competent enough to do, leaving only the most intelligent in society to take jobs. The IQ gap will be what separates the working from the non-working, the rich from the poor, the free from the enslaved.

ITT we run the perfecy luxury liner company

In the debate of whether or not AI will create massive job losses, people seem too focused on past events. Optimists point to the previous industrial revolutions as examples of major economic changes that in the end turned out okay for job sustainability.

But I rarely see people point to one blatant fact: Unlike previous technological advancements, AI isn't industry disruption. It's competency disruption.

Most jobs today consist of repetitive, specific tasks that require average human competence. A.I is only really good at performing specific tasks.

When AI optimists are faced with this proposition, they parry with the notion that in time, we will create new jobs to replace those lost to A.I. But that notion ignores one major problem that prevents anyone from creating such jobs: The IQ gap.

Love it or hate it, IQ is one of the most reliable tests we have on competency. A.I threatens to take not just the existing jobs for people with average IQs, but AI can take every possible job an average person will be able to perform.

The worrying part is that IQ is nigh impossible increase in a major way, and research points to it having a strong connection to genetics. What this means is that no matter how great the education system, most people aren't able to become intelligent enough to get a job in the upcoming future.

TL;DR AI will take the jobs that most people are competent enough to do, leaving only the most intelligent in society to take jobs. The IQ gap will be what separates the working from the non-working, the rich from the poor, the free from the enslaved.