Today, humans convert their labor to capital. Capital holders need labor (humans) to acquire more capital. When the price of inference for these robots becomes less than the price of labor then capital holders don’t need labor.
Obviously, AI impacts non-manual labor too, but a significant portion of the world population does manual labor.
Today, humans convert their labor to capital. Capital holders need labor (humans) to acquire more capital. When the price of inference for these robots becomes less than the price of labor then capital holders don’t need labor.
Obviously, AI impacts non-manual labor too, but a significant portion of the world population does manual labor.