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by monero-xmr
96 days ago
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I heard this canard my entire life. It’s been said for centuries. If you want maximum employment pass a law that says all grass must be cut with scissors. Otherwise let productivity gains diffuse out - that’s the only way to increase true wealth |
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Now, the nature of AI is to change the balance of the labour trade. We have a notion of the “economic value of the average person” which is presently very high in the western world.
What happens when the median figure drops through 0 thanks to AI?
Do the remaining wealth owners share their wealth? How often does this occur in existing systems we can compare against?
The cost of primary resources to products also goes toward 0, perhaps this offsets the decreasing economic power of the average person. But what forces protect them if their bargaining power is lost?