A surplus of labor, by definition, reduces the value of labor. Most people are labor, so this means their earning potential is reduced, which means their social mobility, ability to take care of themselves, is reduced.
When you consider that this conversation assumes we are talking about the US and not the rest of the world? It is sobering.
The AI bet hinges entirely on the new types of work that arise from it.
When you consider that this conversation assumes we are talking about the US and not the rest of the world? It is sobering.
The AI bet hinges entirely on the new types of work that arise from it.