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It's what I mentioned: If we double productivity per worker, we have twice as much wealth on average. I know there are angry people convinced that this will a

It's what I mentioned: If we double productivity per worker, we have twice as much wealth on average. I know there are angry people convinced that this will all be consumed by billionaires and jews, but historically that is not at all the track record of the last 250 years, and I expect that to continue.

jplusequalt 5mo ago
>If we double productivity per worker, we have twice as much wealth on average. That's not true. There are other factors at play such as demand. If we make the average IT worker twice as productive, that doesn't mean now every IT worker is being paid twice as much, because most users aren't going to care if there are twice as many options on the app store, or twice as many bug fixes per release.
- BurningFrog 5mo ago
  Consumption in a society will always be roughly equal to production. There are differences due to import/export balance, investments, government borrowing etc, but as a first approximation, if GDP increases by 10%, consumption will rise by a similar amount. About your IT worker example: Let's say s/he produces $150k/year in value and is paid $140k. If AI makes them produce $300k of value, they may not automatically get a raise. But it becomes very attractive for another employer to hire them for $200k or $250k, or even $280k. In the medium/long term, I don't see why wages would keep proportional to produced value.
timacles 5mo ago
If you are going to bring up history you should really look into what it took to redistribute wealth from oligarchs in the past. The fact that oligarchy now has more resources than ever in the history of humankind, a means to mass surveillance and generating mass propaganda, those wealth redistributions are looking much MUCH harder to accomplish. Yea, historically it will inevitably happen. Realistically it will be after the new version of fuedalism and dark ages. So strap in for the next 400 years aren’t looking too good

jplusequalt 5mo ago

>If we double productivity per worker, we have twice as much wealth on average. That's not true. There are other factors at play such as demand. If we make the average IT worker twice as productive, that doesn't mean now every IT worker is being paid twice as much, because most users aren't going to care if there are twice as many options on the app store, or twice as many bug fixes per release.

BurningFrog 5mo ago
Consumption in a society will always be roughly equal to production. There are differences due to import/export balance, investments, government borrowing etc, but as a first approximation, if GDP increases by 10%, consumption will rise by a similar amount. About your IT worker example: Let's say s/he produces $150k/year in value and is paid $140k. If AI makes them produce $300k of value, they may not automatically get a raise. But it becomes very attractive for another employer to hire them for $200k or $250k, or even $280k. In the medium/long term, I don't see why wages would keep proportional to produced value.

timacles 5mo ago

If you are going to bring up history you should really look into what it took to redistribute wealth from oligarchs in the past. The fact that oligarchy now has more resources than ever in the history of humankind, a means to mass surveillance and generating mass propaganda, those wealth redistributions are looking much MUCH harder to accomplish. Yea, historically it will inevitably happen. Realistically it will be after the new version of fuedalism and dark ages. So strap in for the next 400 years aren’t looking too good