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>At any rate, if AI is busy automating away labor, then the world is getting more efficient. And that means there are more resources to support people. If the
by hackinthebochs 4y ago
>At any rate, if AI is busy automating away labor, then the world is getting more efficient. And that means there are more resources to support people.
If the world is getting more efficient, then why would those resources go to people that are intrinsically less efficient? The current state of the economy is to funnel capital to those who efficiently allocate; the amount of intentional inefficient allocation reduces as efficiency grows (as the world gets more productive, less of this output lands in the hands of workers). Why think that the distribution model will change significantly in a timescale relevant to people?
Our culture takes it as axiomatic that more efficiency is good. But its not clear to me that it is. The principle goal of society should be the betterment of the lives of people. Yes, efficiency has historically been a driver of widespread prosperity, but it's not obvious that there isn't a local maximum past which increased efficiency harms the average person. Historically, efficiency was driven by innovation that brings a decrease in the costs of transactions. This saw an explosion of the space of viable economic activity and with it an explosion of prosperity. Productivity and wages remained coupled up until recent decades. Modern automation has seen productivity and wages begin to decouple. Decoupling will only accelerate due to AI. We may already be on the other side of the critical point.
- jschveibinz 4y agoThis is an excellent analysis, but I suggest that the state of the average person is not yet at a maximum. There are still thousands of major, valuable problems to solve. The efficiency offered by new automation should enable more people to become more powerful problem solvers.