> Hopefully all these unpredictable side effects include bringing down the cost of living.
Hopefully, but I think it is going to be difficult for that to happen in a positive way because AI is likely to suppress wages for most (for the reasons you mentioned) but our entire current economic system is engineered to never be deflationary.
So it is hard to imagine a situation in which AI causes us to all earn less but still be equally or better off without some pretty fundamental changes to our economic system that will be hard to get consensus on in our current political environment.
Hopefully, but I think it is going to be difficult for that to happen in a positive way because AI is likely to suppress wages for most (for the reasons you mentioned) but our entire current economic system is engineered to never be deflationary.
So it is hard to imagine a situation in which AI causes us to all earn less but still be equally or better off without some pretty fundamental changes to our economic system that will be hard to get consensus on in our current political environment.