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The number of human jobs will shrink over time as the machines approach human intelligence. Fewer jobs with more people seeking them will drive wages down. So
by mLuby 7y ago
The number of human jobs will shrink over time as the machines approach human intelligence.
Fewer jobs with more people seeking them will drive wages down.
So the last gasp of human labor will look like a few excessively educated, qualified and well-connected people competing fiercely for the few remaining low-paying (but still paying!) jobs. The rest live on government benefits or rely on the charity of the trillionaires.
Those with pre-existing capital use it on automated businesses to multiply their fortunes. (And I bet they'll also automate personal security, a necessity when a trillionaire can still be killed by any of the other 10 billion humans. That's how you get private armies.)