No shit, Sherlock!
this post was submitted on 30 May 2026
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As they should.
No billionaire spend huge investments on something. To increase Thier labour expenses.
Any one old enough to remember the days of early robotic automation. Where the government and billionaires claimed it would creat new higher paying jobs. And not reduce working hours.
Can also remember how much easier it made moving those jobs to lower income nations,
Same billionaires claimed the internet would create huge numbers of skilled jobs. Again moving them to cheaper nations as soon as was possible.
The only reason AI can possibly be worth those same billionaires investing. Is to remove the few jobs left in high cost nations. And to start to remove the lower cost nations employment.
It is utter fantasy to think any single billionaire. Is going to stop and worry about who earns enough to bu their shit. While competing to gather as much wealth as possible. Against only other billionaires. They will just compete against each other. Until ones get to call themselves king.
Caring about workers. Just as much as their cared about the serfs that worked their land.