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I believe AI (and automation) are just special cases of growing income inequality (between labor and capital), so it's a little unfair, perhaps, as many economi
by js8 10y ago
I believe AI (and automation) are just special cases of growing income inequality (between labor and capital), so it's a little unfair, perhaps, as many economists are worried about that.
You can get surplus of labor (and so decreasing its value relative to capital) in two ways - by having too much automation, or by having too much people. The first is the current scenario (of automation), the second is the classic Malthusian one, which I am sure happened many times in history.