I expect that as machines become able to do more jobs currently done by humans, unemployment will increase. In some cases, the machines' new capabilities will lead to new jobs; in some of those cases there might be more jobs created than lost. But in the extreme case (which is the one actually being discussed here) of a change that makes almost all human jobs redundant, it seems unlikely that the number of valuable new jobs created will be close to the number lost.
Is your point that we shouldn't expect mass boycotts yet because there isn't mass unemployment yet? Perhaps that's right. I'm claiming only that merely making big profits and keeping them instead of passing them to customers doesn't seem to be enough to trigger large-scale protests or boycotts, because there are companies doing that and they don't seem to be hated much for it.
Something like 95% of the jobs of 200 years ago have been destroyed by advancing technology - where's the persistent unemployment that's supposed to result?
Mechanical Engineering magazine (paywalled until next month) and Financial Times, among others, recently reviewed the book Race Against the Machine by economists Erik Brynjolfsson and Andrew McAfee. The FT reviewer writes:
And ME magazine quotes McAfee in an interview:
Both reviewers also hint that McAfee and Brynjolfsson offer a partial explanation of the "jobless recovery", but either the book's argument is weak or the reviewers do a poor job summarizing it. Such a purported explanation might be the main attraction for most readers, but I'm more interested in the longer-term picture. Be it the "nightmarish vision" of the future mentioned in FT, or the simpler point about wages offered by McAfee, this might be a good hook to get the general public thinking about the long-term consequences of AI.
Is that a good idea? Should sleeping general publics be left to lie? There seems to be significant reluctance among many LessWrongers to stir the public, but have we ever hashed out the reasons for and against? Please describe any non-obvious reasons on either side.