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?
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.
Are doctors even 1%ers? Or are they among the 99% rest of us?
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?
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.