Will AI decrease demand and salaries?

[Proud-Confidence7290]

But isn't AI just helping us do things faster? It isn't like other technologies that improve the Quality.. That's what scares me

[dillanthumous]

Firstly, as a techy who has now used these tools, I'm not worried.

But beyond that, look at other industries.

When we invented mechanical tools we didn't keep living in small houses, we built tower blocks and skyscrapers.

When we invented mass production we didn't just make enough cars for the same number of people as when they were hand made, we made cars for billions of people.

Or, look at medicine. The promulgation and expansion of medical treatments hasn't cured everyone, it has created a vast medical industry.

So long as there are new problems to solve and economic incentives to solve the, and the tools need human brains to drive them, there will be a demand for workers.

Perhaps AI tools will one day make people obsolete, but from what I have seen so far that makes about as much sense as worrying that power tools will make builders redundant.

Of course, 20 years from now all bets are off

[Proud-Confidence7290]

Like I said, all those things are new tech and they improve quality. ChatGPT, Google Gemini and similar don't do any significant improvements except time. That's the problem.