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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: OrmontUS   😊 😞
Number: of 4460 
Subject: Re: Does AI boost productivity?
Date: 06/28/25 11:20 AM
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Rubic,

The point is not the dramatic change, but the speed of the change. You mention nearly a century for the transition; I would be surprised if the AI transformation took more than a decade to be decisive. I would also point out the reduction of the standard of living for the average farm hand who ended up in a slum, working (alongside his children) in a sweatshop.

While I guess, since engineering is essentially a discipline of decision making, there will probably still be vocations where their skills are important and there will always be crooked politician slots available for former lawyers, and bone-sawing will be around for the doctors, accountants may find themselves in a pile of slide rules.

There should be discussions about turning unemployment into the more positive "excess leisure time".

Jeff
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