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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: Rubic ✧  😊 😞
Number: of 4582 
Subject: Re: Does AI boost productivity?
Date: 06/28/25 8:55 AM
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No. of Recommendations: 8
<< In a recent interview, Dario Amodei, CEO of Anthropic, a leader in
artificial intelligence, grabbed headlines. Amodei argued that the next
generation of AI systems could replace half of entry-level jobs and drive
up the unemployment rate to 20%. All of this could occur in the next
five years, he said.>>


In 1870, about 70% of the US population were working in agriculture.

By 1960 that number had dropped to 3% and it's currently 2%.

If you could have plausibly convinced someone in the latter half of
the 19th century that most of the agrarian work would be gone,
they probably would have been very concerned about the lack of
employment for working age men.

-Rubic
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