You need a LOT of GPUs if you want to make decent money with them.
CryptoPonzi BTFO
Grayson Thomas
Jackson Murphy
Bully them with incentives and penalties to execute infrastructure upgrades and other useful, aggressive projects. And the threat that if they don't do it, we'll be forced to tax them and direct funds to the task ourselves.
epi.org
If Jevons' Paradox were going to break down without "strong AI", it would've happened a century or more ago.
Even if America gets teh zucc, I have the sneaking suspicion UBI will be implemented as some sort of end-run around minimum wage, set just far enough below a realistic poverty line to create an underclass of deprived serfs, and bring back the "truck system" of "company towns". It won't be Bitcoin, but mark my words, corporate play money is going to happen.
That's not how metallic currency standards worked. "Conversion" referred to a given number of dollars always being directly convertible to a fixed weight (1.5 grams per dollar before it was eliminated), now all you can do is buy gold by value like a sack of potatoes.
Matthew Moore
Everyone hates tolls though, unless you're going to make them do it for a loss.
The last few years showed that the banks are perfectly happy with borrowing money from the federal government and not using it on anything useful except for bubbles.
Then they just move their money out of the country. Also due to corruption whenever the government tries to spend money on something it needs everyone in the supply chain milks it for the maximum amount of cash possible.
David Garcia
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Caleb Rodriguez
That's not a very realistic proposition for a hegemon like the US or Europe, if the choice was made to kill access to tax havens. What are they going to do, sell consumer goods to the Chinese?
Old jobs dying in favor of new jobs. For instance paper pushers being replaced with keyboard jockies.
Overall number of jobs, regardless of profession.
Brandon Smith
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Christian Taylor
In most cases it's fewer new jobs than there were old jobs though. For example a dozen miners being replaced with one machine operator.
Josiah Jackson
What new, revolutionary job will the burger flipping robot create by it's, ahem, "displacement" of it's human counterpart? What job did the factory robot create for it's human counterpart?
Dylan Morales
False, read the article, "automation" is linked to job growth.
Mechanics, technicians, stockers, inspectors, etc. As in Japan, the dispersal of fewer larger restaurants into more smaller vending machines will lead to increased volume due to convenience and cheapness.
Chink ant people child slave
Nathaniel Morris
Ah, fresh and dank memes my friend.
All of those are already things and the numbers cannot possibly rise enough to keep the majority of jobless people in jobs.
Well, consumption might go up but if the money and job numbers don't follow track it doesn't matter much does it? We saw it with the overseas-ing of American factory jobs. The only thing Americans got from that really was jobs in the safety industry slapping a sticker -- excuse me, 100 sticksers -- on a ladder telling you not to be retarded.
Not only do we have studies shining a light on this reality but history itself says it's a bad idea.