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> that means that many companies can potentially produce 10 times as many products/services and make more things that will enrich peoples' lives. There are som
by phpisthebest 4y ago
> that means that many companies can potentially produce 10 times as many products/services and make more things that will enrich peoples' lives.
There are some real problems here. For example can the economy even support 10X production?
Ag -> Industrial -> Information transitions were all supported by a mix of massive expansion in population, mass migration of populations, and globalization of economies
information -> automation transition does not seem to have these 3 things in the same way. Globalism is slowing or reversing into protectionism. Migration is still high but seemingly for different reasons (geopolitical) as people displaced for war, crime, or climate and critical for this discussion population growth as SLOWED way down, and it expected to reserve about 2040.
This means people looking at the historical models for how these tech disruptions played in are very flawed in their "everything will be just fine" handwavium
My prediction is we will see a MASSIVE increase in weath gaps, and extreme decrease in standard of living in most of the industrial world (we are already seeing this in a limited way) leading to more and more political instability