This kicks the can down the road a bit, but I don’t see how this is cause for celebration. Businesses will just open a new company and avoid having that company hiring humans to escape labor laws that relate to job elimination. This can all likely be escaped with a little legal hopscotch.
Honestly I think its China just protecting its economy, western businesses are already finding that AI now costs more than just hiring humans and gives a worse output, the chinese government is just preventing their own economy from falling into the same trap.
That’s what regulation is.
Making things inconvenient over and over again so worse things don’t happen, or take significantly longer and require more concerted effort to happen. It’s a good thing. We should make it harder for bad actors to do shitty things.
Pretending something is pointless because it may not be 100% effective is absurd.
Nobody’s considered who is gonna buy all the stuff when all the employees are laid off
I think a statistic I saw recently was that nearly 50% of American consumer spending is attributed to the top 10% of consumers.
Which would largely indicate that it doesn’t matter because those who have the money will continue to spend it and those that don’t will continue to get poorer.
This is what’s happening to Vegas, the number of visitors is dropping but the casino profit is increasing. The city no longer caters to the middle class but to millionaires.
They’ll give the people more debt.
Well I guess if you have millions of robot slaves you don’t need the people anymore at all.
