if the AI transition really turns into an Artificial Labor revolution - if it really works and isn’t an illusion - then we’re going to have to have a major change in how we distribute wealth. The bad future is one where the owner class no longer has any use for human labor and the former-worker class has nothing
But we have had the same thing happen constantly. Automation isn't new. How many individuals are involved in assembling a car today vs in the 1970s? An order of magnitude fewer. But there aren't loads of unemployed people. The market puts labour where it is needed.
Automation won't obsolete work and workers it will make us more productive and our desires will increase. We will all expect what today are considered luxuries only the rich can afford. We will all have custom software written for our needs. We will all have individual legal advice on any topic we need advice on. We will all have bigger houses with more stuff in them, better finishings, triple glazed windows, and on and on.
It is uncapped and indefinite. People always want more than they have. We get used to what we have. What was considered a luxury is baseline today. Today's luxuries will before long be considered part of the "poverty line".
