"Poverty in the midst of abundance: AI will make goods cheaper, but your labor will get cheaper faster" by cousin_it
Very simple idea, but I thought it'd be worth making a reference post on this. Some people are saying AI will make all goods cheaper, so you'll be able to afford a nice life by working. Without any redistribution, just by market mechanisms. These people are wrong. AI will lower the price of goods you need to survive, and also the price of your labor. The question is which will get cheaper faster. Let's use energy cost as a proxy. A day's worth of labor equivalent to yours can be done by ...