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Or they’d keep the same number of people and increase total value output. Businesses tend to like the idea of growth more than cost cutting after all.


People don’t suddenly eat more food due to AI. That are a lot of industries with bounded total demand.


That’s true, however I’m truely glad 70% of the population isn’t working in food production anymore, those were the bad old times.


> Businesses tend to like the idea of growth more than cost cutting after all.

I would offer as counter to this view: massive layoffs across the early adopters of AI, the tech giants.

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However good growth is finite unless you also believe in immigration and debt


Well all of that is false and tbh sounds a bit sus


Infinite growth is a childish belief

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