I've also commented on Substack, but wanted to comment in a different direction here (which I hope is closely aligned to LessWrong values). This article feels like the first part of the equation for describing possible AI futures. I starts with the basis that because labour will be fully substitutable by AI, the value goes to zero (seems correct) to me. What about following up with the consequences of that loss of value? The things that people spend their earnings will go to zero too. What's in that group? The service industry, homes.
I've also commented on Substack, but wanted to comment in a different direction here (which I hope is closely aligned to LessWrong values). This article feels like the first part of the equation for describing possible AI futures. I starts with the basis that because labour will be fully substitutable by AI, the value goes to zero (seems correct) to me. What about following up with the consequences of that loss of value? The things that people spend their earnings will go to zero too. What's in that group? The service industry, homes.
Metrics we can t... (read more)