“The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’—which states that the number of potential connections in a network is proportional to the square of the number of participants—becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.”
-Paul Krugman
I hope it does.
There’s too many fake jobs that should have been scrapped long time ago.
And here’s the catch: it’s not a disaster, it’s an opportunity to finally start anew, create jobs we didn’t think about yet, to bring the proverbial order to the chaos that is modern work.
Let’s just hope our corporate overlords running these algorithms will finally share the created wealth. Willingly or otherwise.
I’d rather aim at the future where wealth isn’t important.
I’m pretty pessimistic about it. Corporations only have one goal and that is to make as much money as they can. If they can replace people with robots or algorithms they will. Take self check out for example. The trick is gonna be finding a job that fits in the new economy. Like everything in tech though it’s way over hyped, just like they whole block chain thing. I remember companies putting block chain in there name and getting a big stock price bump, now guess what every company has AI and the end of there name.
There is a cycle to it all, we are in the crazy excited part now. Someone gave a name to this cycle just can’t remember off the top of my head.
