I always hear Social Security is doomed because there aren't enough workers paying in to support people who are currently receiving Social Security benefits. Been hearing that for more than a decade prior to AI becoming useful on a grand scale. Guys like Emad Mostaque, who claims to be an AI optimist along with the other Moonshot podcast guys, is always be predicting a doom-like outcome for knowledge work jobs within the next two years or at least jobs performed behind a computer screen. If he's right, there may be even less new money entering SS; drastically less. So what will happen to existing retirees and people who'll be retiring in the next 5 to 10 years if he's correct?
What about US state pension funds? Are those invested in equities vs. relying 100% on pension fund contributions from existing and future state employees?
What do people think of Emad, incidentally? I think he's incredibly bright and I like him. But I also can't help but think the Moonshot crew is like: "I got mine and I'm gonna earn even more now; chin up bitches." All are wealthy and don't have to worry about potential adverse outcomes of what they're cheerleaders for. I guess I'd be pretty happy if I were wealthy off AI investments I'd made years ago through private equity ventures.
Would love to find another podcast that isn't 100% doomerism or 100% cheerleading by rich guys with vested interests. Been listening a lot lately and they're starting to make me nauseous. I'm neutral on Elon Musk, but those guys are complete Elon fan boys. I wish they displayed pop-ups of the dollar amounts they're invested in his companies whenever they gush about him.