AI is absolutely a further wealth concentrator by its very nature. It will not liberate the bottom 3/4, it will not free up their time by allowing them to work

AI is absolutely a further wealth concentrator by its very nature. It will not liberate the bottom 3/4, it will not free up their time by allowing them to work a lot less (as so many incorrectly predict now). Eric Schmidt for example has some particularly incorrect claims out there right now about how AI will widely liberate people from having to work so many hours, it will prove laughable in hindsight. Those that wield high-end AI, and the extreme cost of operations that will go with it, will reap extraordinary wealth over the coming century. Elon Musk style wealth. Very few will have access to the resources necessary to operate the best AI (the cost will continue to climb over what companies like Microsoft, Google, Amazon, OpenAI, etc are already spending). Sure, various AI assistants will make more aspects of your life automated. In that sense it'll buy people more time in their private lives. It won't get most people a meaningful increase in wealth, which is the ultimate liberator of time. That is, financial independence. And you can already see the ratio of people that are highly engaged with utilizing the latest LLMs, paying for them, versus either rarely or never using them (either not caring/interested in utilizing, or not understanding how to do so effectively). It's heavily bifurcated between the elites and everybody else, just as most tech advances have been so far. A decade ago a typical lower / lower middle class person could have gone to the library and learned JavaScript and over the course of years could have dramatically increased their earning potential (a process that takes time to be clear); for the same reason that rarely happens by volition, they also will not utilize LLMs to advance their lives despite the wide availability of them. AI will end up doing trivial automation tasks for the bottom 50%. For the top ~1/4 it will produce enormous further wealth from equity holdings and business process productivity gains (boosting wealth from business ownership, which the bottom 50% lacks universally).