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Veleric OP t1_jdr9pc5 wrote

Reply to comment by SkyeandJett in How are you viewing the prospect of retirement in the age of AI? by Veleric

I think the way I see it is the more I can invest now, especially if I don't need to touch it for the foreseeable future, the more economic gains I'll see as AI is incorporated into businesses. Those profits will be reflected in the stock of companies across many industries even as/especially as the workforce is reduced. Granted, there will be losers, but I think the winners will see such a massive economic boom that it will far outweigh the companies that don't adapt and fail. If we can have that money invested, not having a decent job will still suck, but at least those investments will be working for us in the meantime for if or when we really need it.

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eJaguar t1_jdry0be wrote

same but i'm in my mid-late 20s i'll let ur know thru ouja board how it works out.

tbh i'm utterly terrified of reverting back from blacksmith to serf. the modern aristocracy will flood the streets with blood to retain their positions of privilege, this time with automated kill drones, so i'm trying to invest as much as possible now in the scenario that things unfold in such a way that I lose my position of blacksmith.

filed 4 my llc in delaware literally a few seconds ago so maybe that will work out too, but seeing how america treets socioeconomic problems as-is, im goddamn terrified

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danny_tooine t1_jdszfq7 wrote

This seems overly optimistic. There is real possibility the global economy will face a severe contraction in the next 40 years. The assumption of economic growth is based primarily on population growth and a sustainable supply of natural resources to support it. The globe may undergo a severe population decline this century when we hit the wall with fossil fuels and food/ water supply, due to a variety of factors, climate change being the largest. Solid chance it’s not just a decline, but a holocaust of famine and disease. We simply cannot continue to populate our planet at the current rate at our current level of technology. AI isn’t going to fix this problem for us.

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