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Post-Labor Economy Challenge


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2024 Nov 18, 9:40am   582 views  38 comments

by MolotovCocktail   ➕follow (4)   ignore (5)  

David Shapiro’s Substack

What do I mean when I say "Post-Labor Economics" anyways?

When machines are better, faster, cheaper, and safer: This creates an economic agency paradox—a death spiral of deflation and collapsed consumer demand. The solution may be tokenomics.

David Shapiro

TLDR - In a nutshell:

The Post-Labor Economic Challenge
Better, Faster, Cheaper, Safer: As AI and robotics become superior to humans in both cognitive and physical domains, the economic implications are inescapable. Machines will simply outperform humans at virtually every task, making automation the only economically rational choice. This isn't a choice - it's mathematical inevitability.

Economic Agency Paradox: This creates a critical paradox. While automation promises unprecedented productive efficiency, it simultaneously threatens to eliminate human labor income. Without wages, where does consumer purchasing power come from? Traditional solutions like UBI provide basic subsistence but fail to address the fundamental need for genuine economic participation.

Investment-Based Future: The solution emerges by transforming everyone from laborers into investors in the automated economy. Through AI-assisted investing and universal asset tokenization, people maintain economic agency by directing resources rather than providing labor. Instead of trying to preserve human jobs in an economy that no longer needs them, we create a new form of economic participation.

Core Principles for Implementation:
Universal Asset Tokenization: Everything of economic value must become investable through standardized digital tokens, from local businesses to automated infrastructure.

AI-Enhanced Market Agency: Every individual needs AI agents that can analyze opportunities and execute investments aligned with their preferences and values.

Decentralized Infrastructure: Build open protocols and blockchain networks that enable secure, transparent, and efficient market operations.

Legal Framework Modernization: Create new frameworks that enable AI-speed transactions while protecting human economic rights.

Radical Market Transparency: Require real-time, machine-readable disclosure of all market-relevant information.

Democratic Access Guarantees: Ensure everyone has the practical ability to participate through education, technology, and initial capital.

Value Capture Protection: Design systems that direct value to legitimate stakeholders rather than extractive intermediaries.

This isn’t just a patch on capitalism—it’s a fundamental reimagining of economic participation for an automated age. Instead of fighting the inevitable replacement of human labor, we embrace it while ensuring everyone benefits through investment returns and meaningful economic agency.

He has a long article that goes further into depth of these concepts. Also why he doesn't like UBI. (Same reasons why Vyrdists don't.) And why the term Post-Scarcity is inaccurate so he uses Post-Labor instead.

https://daveshap.substack.com/p/what-do-i-mean-when-i-say-post-labor




Comments 1 - 38 of 38        Search these comments

1   AD   2025 Feb 9, 8:55pm  

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You also need an advanced and educated work force, but based on 8th grade math scores, it does not look overly promising. That means the current 8th graders are at least slightly smarter than the 8th graders in the past such as 10 to 20 years ago.

This is part of George W Bush's "Leave no child behind" which mandated standardized testing, so the first year of this is 2003. Only 61% of 8th graders received a passing score for math in last years testing.

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2   AD   2025 May 2, 7:19pm  

https://tech.yahoo.com/transportation/articles/first-driverless-semis-started-running-213139083.html

Driverless trucks are officially running their first regular long-haul routes, making roundtrips between Dallas and Houston.

On Thursday, autonomous trucking firm Aurora announced it launched commercial service in Texas under its first customers, Uber Freight and Hirschbach Motor Lines, which delivers time- and temperature-sensitive freight. Both companies conducted test runs with Aurora, including safety drivers to monitor the self-driving technology dubbed “Aurora Driver.” Aurora’s new commercial service will no longer have safety drivers.

“We founded Aurora to deliver the benefits of self-driving technology safely, quickly, and broadly, said Chris Urmson, CEO and co-founder of Aurora, in a release on Thursday. “Now, we are the first company to successfully and safely operate a commercial driverless trucking service on public roads.”
3   FuckTheMainstreamMedia   2025 May 2, 10:43pm  

It’s not as close as everyone wants to imagine.

Cars? I dunno yet. There’s a few around LA but only on the streets in very confined areas and under many circumstances those cars will be destroyed by the natives.

Delivery drivers will still be needed until actual full on robots exist.

I just really don’t see it other than fast food, grocery checkout etc.

And anyone proclaiming the advent of robots basically never provides a date. I’m guessing not until my nephews are elderly…so like 50-60 years.

Usually those promoting the idea are also massive communists who are using it really to promote a political ideology.
4   AD   2025 May 3, 12:33am  

FuckTheMainstreamMedia says

Delivery drivers will still be needed until actual full on robots exist.


The company Aurora is already fielding driverless trucks.

Looks like it will be for easy routes like from a warehouse off of Interstate 95 to a store that is 300 miles away and just off of Interstate 95.

But I agree as this just replaces the driver, and I wonder what is the payback period.
5   HeadSet   2025 May 3, 6:36am  

AD says

But I agree as this just replaces the driver, and I wonder what is the payback period.

And right or wrong, just one accident is all it will take to be sued out of business.
6   Rin   2025 May 3, 7:40am  

HeadSet says


AD says

But I agree as this just replaces the driver, and I wonder what is the payback period.

And right or wrong, just one accident is all it will take to be sued out of business.


Exactly! And there are numerous towns a/o municipalities who won't give free reign to automated vehicles w/o a backup driver. In effect, the driverless car is the wrong tree to bark up. That story is very '2018'.

The bigger thing is the corporate backoffice. Right now, a lot of that work is going abroad, not just yesteryear's India/China but also the Philippines, eastern Europe, etc. And the use of AI agents (in development now), not just the AI prompt interface, is a global phenomena where even the Filipinos are worried about their jobs w/o having an AI to streamline a lot of the work. The end result, is that in only a dozen or so years, a majority of stateside offices will be sales-oriented with much of the work done abroad alongside AI agents.

And if DOGE really does force govt offices to be efficient, then even those 'secure for life' jobs at the FCC, FAA, etc, will find a home on the Bulgaria-to-Philippines AI Cloud services barring National Security contentions.
7   Al_Sharpton_for_President   2025 May 3, 7:52am  

HeadSet says

And right or wrong, just one accident is all it will take to be sued out of business.

If it runs over a black fentanyl addict criminal it's game over.
8   WookieMan   2025 May 3, 9:15am  

Al_Sharpton_for_President says

HeadSet says


And right or wrong, just one accident is all it will take to be sued out of business.

If it runs over a black fentanyl addict criminal it's game over.

I don't want to be on the road with driverless vehicles. I don't want to be a pedestrian at a cross walk. I don't want my kid playing basketball and the ball goes into the road.

Yes humans make mistakes driving or are just bad drivers or distracted. You'd also decimate one of the largest non-governmental industries on the planet. There are millions of truck and cab/uber drivers. These people generally have very little skill. Suicide rates would hockey stick when drivers get laid off. Economy would tank because a certain percentage doesn't earn anymore.

The idea is cool, but there are massive consequences. This isn't like laying off a bunch of IRS agent. They generally have a transferable skill. Drivers likely have a GED or high school degree and that's it. And nothing against truck drivers, but I'd bet most have criminal offenses when they were younger. Good luck putting together a resume. You'll be working at a gas station.
9   RC2006   2025 May 3, 10:03am  

I think no matter how hard we fight this at some point driverless vehicles will take over almost completely just like the switch from horse to car. When this happens the vehicles might no longer be owned by individuals. I don't know how we are going to deal with the level of Automation that is coming.
10   WookieMan   2025 May 3, 10:38am  

RC2006 says

I think no matter how hard we fight this at some point driverless vehicles will take over almost completely just like the switch from horse to car. When this happens the vehicles might no longer be owned by individuals. I don't know how we are going to deal with the level of Automation that is coming.

I dislike the sport, but what happens to NASCAR then? We still have horse racing and there are ranchers that use horse for industry.

As someone above said one accident with a driverless vehicle or a kid gets killed it's toast. I forgot about the insurance companies too. Auto is most of their business. Take away the drivers and if it's safe the insurance companies lay everyone off. You then can get rid of traffic cops. Lawyers get less DIU and traffic work. Huge domino pile.

If we went 100% driverless tomorrow, in 30 days GDP would drop 20% at least and stocks would plummet 50-80%. Reality is this is just putting money into rich people's pockets so they don't have to pay wages.

Also, for trucks, say you're on the interstate with one, are they just going to stay in the right lane? What if it gets stuck behind a slow driver and a cross country delivery takes 1 day more. How are they charged with no human interaction? It will be like Oregon where there are pump attendants, but those are shit jobs for druggies and high school drop outs.

Point is that if everyone loses a job, the driverless truck or cabs won't be used. No one will be buying or needing transport of goods or go out because everyone is broke. I'm not pro this topic, but at that point UBI would have to be considered.

Suicide rate would skyrocket as well. Maybe that's the point.
11   HeadSet   2025 May 3, 3:00pm  

RC2006 says

I think no matter how hard we fight this at some point driverless vehicles will take over almost completely just like the switch from horse to car.

This is more an economic issue that a technical problem. The initial vehicle will cost more, and the increased insurance may offset the savings from the cost of the actual driver. With the horse changeover to cars, the cars had a significant improvement over a horse as far as speed, capacity, and comfort. The self-driving car has no benefit other than taking a driver off the payroll. To use self-driving on a national scale roads would have to be equipped with transponders/ reflectors to mark intersections et al when covered by snow. It would be far easier to make railroads driverless.
12   WookieMan   2025 May 3, 5:14pm  

HeadSet says

It would be far easier to make railroads driverless.

I agree with this. Doesn't have to be high speed either. Just doesn't need a stop every 100' (sarcasm but true). High speed works in Europe only because the stops aren't all that far apart.

If they do it with freight shipping goodbye train engineers. And the moron that drives around the gate is f'd. Sensors won't save the knucklehead that tried to go around the gate at the last second. A human can react quicker and slam on the brakes. Also they should make all grade level crossings curbed in the center and outer lanes.

Trains have potential, but it would be an upscale Greyhound ride. I'll stick to flying, which has its flaws, but I can get to LA or San Juan, PR in 3-4 hours.
15   HeadSet   2025 May 21, 6:29pm  

MolotovCocktail says





Biden would tell him to "learn to code."
16   Fortwaye   2025 May 22, 9:07am  

per big beautiful (omnibus) bill: learn to overtime
17   AD   2025 May 26, 11:21am  

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https://www.newsweek.com/computer-science-popular-college-major-has-one-highest-unemployment-rates-2076514

The above article applies to the computer science major. I wonder if automation and productivity gains has led to this such as use of AI.

That is why I recall that some will study engineering like mechanical and industrial engineering and learn computer science or computer programming, to give them options to work in Silicon Valley.

I remember learning pseudo code and Pascal to write a pipe flow application on a Macintosh Plus computer back in 1990 for a fluid mechanics course. The course integrated computer science concepts with fluid flow theory.

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18   MolotovCocktail   2025 May 27, 6:33am  

AD says

The above article applies to the computer science major


It applies to a white male CompSci major.
20   AD   2025 May 27, 8:21am  

MolotovCocktail says

AD says


The above article applies to the computer science major


It applies to a white male CompSci major.


so maybe the chickens have finally come home to roost after at least 20 years of TV commercials or "programming" showing black man and white woman families and clueless white males

keep the Asians around to do the heavy lifting at least, even if they are grossly over represented

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21   MolotovCocktail   2025 May 27, 12:54pm  

Green & Purple haired Karen's, mostly. The ones that constantly cock-block actual hiring.

Poetic justice!


22   PanicanDemoralizer   2025 May 27, 1:07pm  

I suspect that AI is overstated greatly, but not as bad as self-driving cars and GoogleGlasses.

For jobs that require hands on activities, like plumbing, HVAC work, etc. it's going to be humans for a looooong time.

If it gets too bad, just have Uncle Ned or General Ludd visit the server farms.
23   Patrick   2025 May 27, 1:27pm  

AI is just one more tool which increases the productivity of the human workers who can take advantage of it.

Luddites smashed up automated looms out of fear for their jobs, but those with the capacity to understand would have been better served to roll with it and learn to build, maintain, or use the looms.

AI opens up tons of new possibilities for individuals and small businesses in a similar way.
24   MolotovCocktail   2025 May 27, 2:11pm  

AmericanKulak says

For jobs that require hands on activities, like plumbing, HVAC work, etc. it's going to be humans for a looooong time.


Yeah, but their wages will be slashed.
25   SunnyvaleCA   2025 May 27, 3:49pm  

MolotovCocktail says

AD says


The above article applies to the computer science major


It applies to a white male CompSci major.

From the article "most can't debug their way out of a paper bag," highlights what I think is the actual problem... Lots of people take the classes (now very watered down) and graduate with a CS degree, but have no real interest in computers. Without a geeky interest in computers, these people haven't had 2000+ hours of their own geeky side projects before their first job interview and so don't know the tools. They hit their first job where every part of the toolchain is new to them and, further, don't have a lot of interest putting in many extra hours to catch up.

James Damore, of Google infamy, was right. It takes a very nerdy/geeky person to succeed in the field. Most men aren't cut out for it personality wise. And very much fewer women are cut out for it personality wise. That makes pushing affirmative action for "moar woman" particularly stupid, as the women — smart though they may be in every way — just don't have the interest to learn what they feel is very dry background material. The colleges have watered down the curriculum to make it more palatable to non-geeks (i.e.: attractive to women), but that means even more men and women than ever are graduating with CS majors and no real interest in the field. At least in the past, the geeky course material weeded out most of the less interested.
26   MolotovCocktail   2025 May 27, 4:34pm  

Looks like the days of nine fingered freaks are over:



https://x.com/FutureStacked/status/1927271534285996393
27   MolotovCocktail   2025 May 29, 8:14am  

Axios

Dario Amodei — CEO of Anthropic, one of the world's most powerful creators of artificial intelligence — has a blunt, scary warning for the U.S. government and all of us:

  • AI could wipe out half of all entry-level white-collar jobs — and spike unemployment to 10-20% in the next one to five years, Amodei told us in an interview from his San Francisco office.


  • Amodei said AI companies and government need to stop "sugar-coating" what's coming: the possible mass elimination of jobs across technology, finance, law, consulting and other white-collar professions, especially entry-level gigs.




https://www.axios.com/2025/05/28/ai-jobs-white-collar-unemployment-anthropic

29   GNL   2025 Jun 1, 12:50pm  

Patrick says

AI is just one more tool which increases the productivity of the human workers who can take advantage of it.

Luddites smashed up automated looms out of fear for their jobs, but those with the capacity to understand would have been better served to roll with it and learn to build, maintain, or use the looms.

AI opens up tons of new possibilities for individuals and small businesses in a similar way.

This doesn't make sense to me. The purpose of AI is to replace humans.
30   Patrick   2025 Jun 1, 1:40pm  

Was the purpose of looms to replace humans?
31   Glock-n-Load   2025 Jun 1, 2:35pm  

Patrick says


Was the purpose of looms to replace humans?

Yes but, looms didn’t affect every industry AND it affected only one physical action. AI casts a much wider net.

Though, I do agree I don’t know what I don’t know.
32   FuckTheMainstreamMedia   2025 Jun 1, 2:56pm  

RC2006 says

I think no matter how hard we fight this at some point driverless vehicles will take over almost completely just like the switch from horse to car. When this happens the vehicles might no longer be owned by individuals. I don't know how we are going to deal with the level of Automation that is coming.


Lol Wyoming for instance has already banned electric vehicles.

You aren’t getting people in rural areas to give up their trucks.
33   FuckTheMainstreamMedia   2025 Jun 1, 3:00pm  

So something else. Not only are rural areas starting to become preferable to urban areas, particularly those places rich in natural resources, but young people returning to traditional values, and women staying in the home raising kids, are going to be at a distinct life advantage as AI automates more and more processes.
34   Glock-n-Load   2025 Jun 1, 3:30pm  

FuckTheMainstreamMedia says


So something else. Not only are rural areas starting to become preferable to urban areas, particularly those places rich in natural resources, but young people returning to traditional values, and women staying in the home raising kids, are going to be at a distinct life advantage as AI automates more and more processes.

They’ll become the new Amish?
35   MolotovCocktail   2025 Jun 9, 9:37pm  

This is 100% AI generated, apparently.


37   AD   2025 Jun 22, 4:15pm  

https://www.theatlantic.com/economy/archive/2025/06/computer-science-bubble-ai/683242/

The Computer-Science Bubble Is Bursting
Artificial intelligence is ideally suited to replacing the very type of person who built it.

By Rose Horowitch

The job of the future might already be past its prime. For years, young people seeking a lucrative career were urged to go all in on computer science. From 2005 to 2023, the number of comp-sci majors in the United States quadrupled.

All of which makes the latest batch of numbers so startling. This year, enrollment grew by only 0.2 percent nationally, and at many programs, it appears to already be in decline, according to interviews with professors and department chairs. At Stanford, widely considered one of the country’s top programs, the number of comp-sci majors has stalled after years of blistering growth. Szymon Rusinkiewicz, the chair of Princeton’s computer-science department, told me that, if current trends hold, the cohort of graduating comp-sci majors at Princeton is set to be 25 percent smaller in two years than it is today. The number of Duke students enrolled in introductory computer-science courses has dropped about 20 percent over the past year.

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