@TMTLongShort I may have missed it from your previous posts but do you have any book recommendations or general resources on how you have built this theory of the mind?
@darrenpjones So glad you are talking about this Darren, the losses will come thick and fast, if an AI can work one office job it can likely work the majority of them the only thing holding it back is training data and some time
I keep raising the alarm bell about AI removing jobs, instead of enhancing them; and companies improving profits but workers losing their wages.
I’m often told: there’s no evidence of AI disrupting the labour market.
We have to shape AI in the interests of workers and the UK economy and not just wait to see what happens - these changes are coming whether we like it or not.
We need to be both pro-tech and pro-worker.
If too many workers lose their jobs and are unable to find alternative work to maintain their lifestyles we’ll have very serious societal problems to deal with.
@dankeogh7345@PolitlcsUK I think you underestimate how little the average person knows about personal finance in the UK. The only reasonable interpretation I can make of this is the additional 9% repayment makes them decide the extra promo/ responsibility is not worth it alongside out taxes
@JRB___2@DrLukeCraddock Including plan 2 and post grad loan repayment, I think I hit 77% at one point. VAT was another 4.6% and then you have employer's NI on top of this too
@ChrisJamesUSA@oguzerkan Ads numbers and rev per add increasing, 33% rev increase YoY, Capex spend will increase this more in the bulk case, is loaned out to other hyperscalers in the bear case (which is still ROI)
@LondonMoneyFS That would be quite low, typically you can borrow 4 to 5.5 times your income, which would put it at 8 to 11 + deposit, suggesting there is room to push up