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Why is the hope that value is proportional to wage being removed and not increased productivity? The problem with this thinking is it already assumes an AGI/ASI
by laterium 1y ago
Why is the hope that value is proportional to wage being removed and not increased productivity? The problem with this thinking is it already assumes an AGI/ASI replacing all work, rather than a force multiplier like with industrialization, electricity, and computing. AI being touted as the "final solution" doesn't mean anything if AGI is not right around the corner, and it isn't.
If AI is so successful that it can replace even 10% of current work that will be reflected in higher GDP and worker producitivity in the economy. Everyone has this cynical assumption that all benefits will go to the rich, but it hasn't been that way with the previous revolutions either, has it? Did cars only benefit the rich? Trains, radio, television, computers? Initially, that always seems like the case. Who could buy computers in the 80s? But the technology diffuses into the whole economy over time.