Lex: FT's flagship investment column
In Khosla’s eyes, GDP will become a less meaningful metric to measure economic success. While plummeting employment would reflect a deflationary economy, that isn’t such a bad thing, he suggested. Cheap automated labor, in part thanks to a billion bipedal robots he thinks will arrive in the next decade, would drive down production costs, meaning goods and services would be far cheaper and require far less spending—good news for a hypothetically large slice of the population no longer working.
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I hear the objection that someone could use AI to iterate, deliberately making good standalone communication. That’s probably fine. That could be an exception to the “Don’t make me talk to your chatbot” rule. If you keep your reader in mind and put that effort in, you probably aren’t the problem that people complain about. The problem is nonetheless real; some of our social outlets are saturated with it. Try to have some empathy for the frustration.
North American bird population is declining. The decline is accelerating in regions associated with intensive agriculture.