That's an interesting paradox of the current AI: useful enough to make the industry less competent (either directly by helping students to not learn or indirectly by replacing people in entry level formative jobs) while not being smart enough to replace all the chain to the top
You're right. I think the current AI direction is a dead end for real artificial intelligence, so it is not the thing that will replace all jobs, but the day a machine with the real cognitive capacity of a 5 year old exists is the day almost all of humanity becomes useless.
And before that the current direction is still enough to massively hurt the world because there will be less and less places for us humans.
Another point I noticed that nobody is talking around us is the technology adoption rates. When the car industry started, decades happened between the early users and cars being ubiquitous in the population (especially taking into account the world and not the richest countries). So a sizeable part of the transportation industry that was ultimately replaced by cars had the time to adapt, move to other jobs or arrive at the end of their work life.
But now the technology goes from its few first users to being used by everyone and their cats in years if not months. There is absolutely no time to adapt, love over or endure things until you don't work anymore.
Thinking that because in the past the effect of progress was a net positive after a while it will always be like that is a cognitive bias. When looking at the large scale, in previous cases, people replaced by automation would go into jobs that were not automated.
But what will happen when there is no job that can't be automated anymore ?
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