I'm surprised at the heavy downvotes on this one. It seems like a key type of concern. I'm curious what downvoters' reasoning is.
This seems to assume that ordinary people don't own any financial assets - in particular, haven't invested in the robots. Many ordinary people in Western countries do and will have such investments (if only for retirement purposes), and will therefore receive a fraction of the net output from the robots.
Given the potentially immense productivity of zero-human-labor production, even a very small investment in robots might yield dividends supporting a lavish lifestyle. And if those investments come with shareholder voting rights, they'd also have influence over decisions (even if we assume people's economic influence is zero).
Of course, many people today don't have such investments. But under our existing arrangements, whoever does own the robots will receive the profits and be taxed. Those taxes can either fund consumption directly (a citizen's dividend, dole, or suchlike) or (better I think) be used to buy capital investments in the robots - such purchases could be distributed to everyone.
[Some people would inevitably spend or lose any capital given them, rather than live off the dividends as intended. But I can imagine fixes for that.]
Many ordinary people in Western countries do and will have [investments in AI/robots] (if only for retirement purposes), and will therefore receive a fraction of the net output from the robots.
... Of course, many people today don't have such investments. But under our existing arrangements, whoever does own the robots will receive the profits and be taxed. Those taxes can either fund consumption directly (a citizen's dividend, dole, or suchlike) or (better I think) be used to buy capital investments in the robots - such purchases could be distributed to everyone.
...Given the potentially immense productivity of zero-human-labor production, even a very small investment in robots might yield dividends supporting a lavish lifestyle.
I appreciate the nuance.
My takes:
A scenario detailing how humans automate away other humans, as the beginning of the economic decoupling of the AI-hardware economy from the human-wetware economy.
Excerpts compiled below:
→ Read link to Forrest Landry's blog for more.
Note: Text is laid out in his precise research note-taking format.