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It's funny that I never considered it, but why would they replace the low wage workers? Capitalism would care most about replacing the high wage workers (except for the CEO and other board members. They obviously are worth every penny and are irreplaceable with ai. ~signed CEO)
because robots are still 10x cheaper than the low wage workers (in developed countries at least), and low wage worker jobs are usually easier to automate.
It's important to not call executives workers
A good AI is the ultimate CEO: tireless, ruthless, informed, fully capable of generating bullshit yet completely immune to others' bullshit. It has no friends, no family, no property, no conflicts of interest, no ego, no drama, no childhood dreams to fulfill, no lovers to impress, and only one ambition: to maximize profit for the company it manages, by any means necessary.
I look forward to finding out whether Wall Street's first loyalty is to aristocracy or to money, because they will soon be forced to choose.
If companies made logical decisions, yes.