this post was submitted on 20 Jun 2023
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Finally, some 1%ers are getting automated out of a job. Soon we'll start hearing opinion pieces about how people who get automated out of a job deserve some of the profit.
Are doctors even 1%ers? Or are they among the 99% rest of us?
The only doctors who are 1%ers are the ones who finished med school 30+ years ago, and managed to start their own practice before hospital systems started buying up and consolidating everything. Anyone who got their start more recently is much more likely to be working for one of these consolidated practices, with zero ownership and an insane schedule. Considering the cost in both time and money for me school, a family medicine doctor will be in about the same place net-worth wise as a high level tech worker. Still good money but far from 1% territory.
Top 1% is roughly half a mil annually from what I've heard, so perhaps mostly not. According to o-net, most MDs make less than half that.
My shitty point stands though, I think - if we start stealing rich people's jobs, there will be a lot more talk of fairness in automation.
Yeah fair enough. My point was also that not even doctors are 1%ers.
Inequality is so bad already, and as usual the benefits go to those who own the means of production, but AI is so capital intensive very few will get a seat at that table. And unlike previous automation revolutions, AI is on track to progress VERY quickly and VERY widely
AI may never replace X profession, but with AI 1 professional can be as productive as 3 professionals. What will the other 2 do?
I have hope. If just one open source LLM with a commercial license gets released (as I hear Meta is considering), that levels the playing field a little for the rest of us.
Inequality is so intense these days. Probably the worst it's ever been in history, uncharted waters. AI is going to make it worse before it even has a chance to make it better. My original remark was too glib, so, sorry about that. I don't have easy answers for this uncorked genie.
Yeah, basically if you work for a paycheck you're probably not the 1%. The venture capital firms buying up all the medical practices and hospital? Those guys are the 1%