Microsoft does not meaningfully compete, Google doesn't seem to be taking excess profits, and Apple's mostly based on ripping off people who have too much money anyways. But look at the giants of a few decades ago - are GM and American Airlines known for excess profits today? Competing margins down takes time, but it does happen.
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.