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Of course that would cause a tremendous drop in demand for the services the schaudenfreuden folks provide, hurting them as well.




> that would cause a tremendous drop in demand for the services the schaudenfreuden folks provide, hurting them as well

You're correct. But it doesn't matter. Remember the San Francisco protests against tech? People will kill a golden goose if it's shinier than their own.


If this goose is also pricing others out of housing market it's not entirely unreasonable

> If this goose is also pricing others out of housing market it's not entirely unreasonable

It's self-defeating but predictable. (Hence why the protests were tolerated to backed by NIMBY interests.)

My point is the same nonsense can be applied to someone not earning a tech wage celebrating tech workers getting replaced by AI. It makes them poorer, ceteris paribus. But they may not understand that. And the few that do may not care (or may have a way to profit off it, directly or indirectly, such that it's acceptable).


I don't quite follow. What exactly have non-tech people of San Francisco got from all the tech people working there? How did they become richer (ok, apart from landlords) or how would they become poorer if they lose their jobs?

Tech workers pay a lot of taxes in addition to supporting the local economy.

https://sloanreview.mit.edu/article/the-multiplier-effect-of...


The services will get cheaper, since most companies make much profit and the moat of high salaries will be gone.



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