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  • Re: Here comes The Midas Plague!

    From Scott Dorsey@3:633/10 to All on Fri Nov 21 17:05:00 2025
    Ted Nolan <tednolan> <tednolan> wrote: >https://fortune.com/2025/11/20/elon-musk-tesla-ai-work-optional-money-irrelevant/

    Elon Musk says that in 10 to 20 years, work will be optional
    and money will be irrelevant thanks to AI and robotics.

    Folks have been predicting this since the age of the steam engine,
    have they not?
    --scott
    --
    "C'est un Nagra. C'est suisse, et tres, tres precis."

    --- PyGate Linux v1.5.1
    * Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)
  • From Cryptoengineer@3:633/10 to All on Fri Nov 21 17:36:49 2025
    On 11/21/2025 5:05 PM, Scott Dorsey wrote:
    Ted Nolan <tednolan> <tednolan> wrote:
    https://fortune.com/2025/11/20/elon-musk-tesla-ai-work-optional-money-irrelevant/

    Elon Musk says that in 10 to 20 years, work will be optional
    and money will be irrelevant thanks to AI and robotics.

    Folks have been predicting this since the age of the steam engine,
    have they not?

    Don't know about the steam engine, but this kind of prediction goes back
    nearly 100 years.

    In 1930, John Maynard Keynes suggested we'd have a 15 hour work week by
    2030.

    The average work week has declined - 60 hours in 1900 has become about
    34 now. A big step was Ford introducing a 40 hour week in 1926.

    But there are problems too.

    Particularly since 1980, US productivity has grown by 87%, while
    median hourly wages have risen only 33%, accounting for inflation.

    https://www.epi.org/productivity-pay-gap/

    The extra value created has gone to the investor class, rather
    than workers. Had it been spread more evenly, we could be approaching
    Keynes prediction, right on schedule.

    pt



    --- PyGate Linux v1.5.1
    * Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)
  • From Titus G@3:633/10 to All on Fri Nov 28 13:49:11 2025
    On 22/11/25 05:36, Ted Nolan <tednolan> wrote:
    https://fortune.com/2025/11/20/elon-musk-tesla-ai-work-optional-money-irrelevant/

    Elon Musk says that in 10 to 20 years, work will be optional
    and money will be irrelevant thanks to AI and robotics.

    "My prediction is that work will be optional. It'll be like
    playing sports or a video game or something like that,"
    Musk said. "If you want to work, [it's] the same way you
    can go to the store and just buy some vegetables, or you
    can grow vegetables in your backyard. It's much harder to
    grow vegetables in your backyard, and some people still do
    it because they like growing vegetables."

    Curiously, when I looked up "The Midas Plague" to refresh my memory,
    it turns out that the happy couple are blessed by Old Man Elon, in a
    bit of incredible serendipity!

    The text:
    https://archive.org/details/galaxymagazine-1954-04/page/n7/mode/2up

    Spoiler for The Midas Plague *********








    The unspoken faulty premise in The Midas Plague's ending is that finite resources are eternally recyclable.

    --- PyGate Linux v1.5.1
    * Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)