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I don’t understand how folks think the economy will survive the advent of AGI. Imagine if you could spin up white collar workers at whim for a fraction of the
by jncfhnb 2y ago
I don’t understand how folks think the economy will survive the advent of AGI. Imagine if you could spin up white collar workers at whim for a fraction of the cost… how do we think the economy is going to work if that happens?
- bdangubic 2y agoback in _____ folk were wondering how economy will survive now that we don’t need everyone to do farming since we have tractors and other farming machinery… as with any other previous “revolution” (industrial, information…) the society will move on. might be rocky for a bit though :)
- jncfhnb 2y agoAll of those revolutions have largely exacerbated wealth inequality and were driven by _gradual_ transitions with build out of capital. The shift away from subsistence farming was a huge deal. But AGI would be way harder. It’s immediately deployable for very little investment and can replace basically any white collar job. Capital has been an economic multiplier of human labor. AGI is more like flooding the market with infinite labor. There will be blood in the streets, at best.
- cheema33 2y ago> Capital has been an economic multiplier of human labor. AGI is more like flooding the market with infinite labor... A tractor was one of many things that humans have invented that could be considered a labor multiplier and put many people out of work.
- jncfhnb 2y agoYes but it put people out of work by making the people more efficient. As did computers. AGI does not make people more efficient. Even if wealth accrued to the capital holders, it still drive a large demand for higher value human labor. AGI is just more people. It’s infinite people in the labor market driving wages down to zero.