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Labor does not become obsolete. Inefficient capital is discarded, but less efficient labor is always useful to some degree, because of comparative advantage (ht
by zeteo 15y ago
Labor does not become obsolete. Inefficient capital is discarded, but less efficient labor is always useful to some degree, because of comparative advantage (http://en.wikipedia.org/wiki/Comparative_advantage#Example_1 http://en.wikipedia.org/wiki/Comparative_advantage#Example_1).
This holds even for the scenario of AI becoming a very close substitute for humans. The economic pressure, however, is to develop AI in directions that are complementary to human abilities.