| Haven't read the book either, but a handful of trillionaires could be that the "upper 10 000" oligarchs of the USA get to be those trillionaires, and everyone else starves to death or simply can't afford to have children and a few decades later dies from old age. Right now, in order to grow and thrive, economies need educated people to run it, and in order to get people educated you need to give them some level of wealth to have their lower level needs met. It's a win-win situation. Poor/starving people go to arms more quickly and destabilize economies. Educated people are the engineers, doctors and nurses. But once human labour isn't needed any more, there is no need for those people any more either. So AI allows you to deal with poor people much better now than in the past: an AI army helps to prevent revolutions and AI engineers, doctors, mechanics, etc, eliminate the need for educated people. There is the economic effect that consumption drives economic growth, which is a real effect that has powered the industrial revolution and given wealth to some of today's rich people. Of course, a landlord has the incentive for people to live in his house, that's what gives it value. Same goes for a farmer, he wants people to eat his food. But there is already a certain chunk of the economy which only caters to the super rich, say the yacht construction industry. If this chunk keeps on growing while the 99% get less and less purchasing power, and the rich eventually transition their assets into that industry, they get less and less incentives to keep the bottom 99% fed/around. I'm not saying this is going to happen, but it's entirely possible to happen. It's also possible that every individual human will be incredibly wealthy compared to today (in many ways, the millions in the middle classes in the west today live better than kings a thousand years ago). In the end, it will depend on human decisions which kinds of post-AI societies we will be building. |
As it happens, I am rather concerned about how we get from here to there, as in the middle there's likely a point where we have some AI that's human-level at ability, which needs 1 kW to do in 1 hour what a human would do in 1 hour, and at current electricity prices that's something humans have to go down to the UN abject poverty threshold to be cost-competitive with while simultaneously being four times the current global per-capita electricity supply which would drive up prices until some balance was reached.
But that balance point is in the form of electricity being much more expensive, and a lot of people no longer being able to afford to use it at all.
It's the traditional (not current) left vs. right split — rising tides lifting all boats vs. boats being the status symbol to prove you're an elite and letting the rest drown — we may get well-off people who task their robots and AI to make more so the poor can be well-off, or we may have exactly as you describe.