haldean

> But the good news doesn’t stop there. We also get higher wages. This is because, at the level of the individual worker, the marketplace sets compensation as a function of the marginal productivity of the worker. A worker in a technology-infused business will be more productive than a worker in a traditional business. The employer will either pay that worker more money as he is now more productive, or another employer will, purely out of self interest. The result is that technology introduced into an industry generally not only increases the number of jobs in the industry but also raises wages.

and later

> As it happens, this was a central claim of Marxism, that the owners of the means of production – the bourgeoisie – would inevitably steal all societal wealth from the people who do the actual work – the proletariat. This is another fallacy that simply will not die no matter how often it’s disproved by reality. But let’s drive a stake through its heart anyway.

He's just lying! There's no evidence to support this at all in the modern US economy. The gains in wealth from automation over the last 50 years have almost _exclusively_ gone to the owners of the means of production. The median US household income went up less than 20% between 1983 and 2016 while the 95th percentile more than doubled.[0] This is just VC pump-and-dump nonsense pure and simple; it seems incredibly likely that any financial gains from AI making workers more productive will flow directly to the same people who have been reaping all of the gains from our increased productivity: Andreesen and his billionaire colleagues.