Codie Sanchez on escaping the permanent underclass: “If we think about just LLMs, these are giant aggregators of human knowledge, and most people don't actually know how to utilize them very well. Most of my small business owners think using AI is asking questions to ChatGPT. We are so... early in this. I think the bigger thing is you're in a race against you, you're not in a race against AI. Forget the machines. You probably are more inherently capable than you think.”show more

i dont think she understands AI very well

Escaping absolute deprivation is far easier now. In 1820, ~75–85% of people lived near subsistence (extreme poverty); today under 10% do, despite population growing ~8×. Real living standards for the typical person are many times higher than two centuries ago, so most no longer need to “escape” the historical floor. Relative escape is different and stickier. Climbing status or avoiding the bottom of the current distribution remains hard because mobility rates have stayed low. Higher overall standards raise the bar for what counts as “escaping,” so a relative underclass can persist indefinitely even as absolute conditions improve. Population growth increases absolute numbers in any lower group, but the share stuck at the old absolute floor has fallen sharply.

this doesnt address the issue at all, its just about how humans are using ai. super smart ai will find the breakthroughs itself, it will run the business itself. the only input from humans will be "owning" the server.

No, because none of you actually know how to use it for the same reason that private equity fails most of the businesses it purchases you can’t adapt You won’t be able to tell AI how to either

this is why ive been learning to bake bread

The gap isn't AI vs humans. It's people who ask AI questions vs people who give it work.

Agreed. The shift for me was giving agents jobs instead of questions. A CFO bot reviews the books for 9 of my businesses every day. A developer and an admin assistant still check the work, and I sign off on anything that spends money.

wow!

it sounds like the practical takeaway is that LLMs impact on economics is not as important -- to you beeing in the permanent underclass -- as whether you elect N*zis to rule your goverment or not

Chatgpt, how do I build a business? Alex: twitter beings, you are accepted and not doomed. It's gathering knowledge of others successful business practices, tips and ways 90s twitter x host chess news teacher mama ladies.

I like that sentence "You probably are more inherently capable than you think" but I would change it into "You probably are more inherently capable than you speak."

The step past asking questions is giving it your business to work from. How you price, who your customers are, what you never promise. Write that down once, hand it over at the start, and the answers start from your rules instead of a blank chat.

the jump for most owners is to stop asking it questions and hand it a job with their real info "here are my prices, turn them into 3 packages a customer gets in 5 seconds" beats "how should I price" every time

Asking ChatGPT questions is where I started too. The shift was building AI employees that do a job every day without me asking. Which job would you hand over first?

@grok do you agree? What else is there to exploit AI with if not with just questions?