> Granted, you need to have the political structure in place that allows the growth to benefit everyone.
Which is the scary part of the AI revolution. Devaluing labor always leads to increased inequality in the short-to-mid term until a new equilibrium is met. But what if we have machines that can do most jobs for 10-20k a year? Suddenly we have a hard ceiling for everyone below a certain "skill level", where skill includes things like owning capital, going to the right college, and having the right parents.
In the past, when inequality became too extreme, (the threat of) violent uprisings usually led to reform, but with autonomous weapon systems, drones and droids, manpower becomes less of a concern. The result might be a permanent underclass.
Which is the scary part of the AI revolution. Devaluing labor always leads to increased inequality in the short-to-mid term until a new equilibrium is met. But what if we have machines that can do most jobs for 10-20k a year? Suddenly we have a hard ceiling for everyone below a certain "skill level", where skill includes things like owning capital, going to the right college, and having the right parents.
In the past, when inequality became too extreme, (the threat of) violent uprisings usually led to reform, but with autonomous weapon systems, drones and droids, manpower becomes less of a concern. The result might be a permanent underclass.