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Joe James's avatar

I don't necessarily disagree with you here, but I think the main argument against AI automating all jobs away is that many jobs nowadays are about coordination between institutions, product releases around consumer trends, etc. AI will be super productive, but I don't think people will trust it more than other people because we can't hold it accountable for mistakes in the same way we can hold other people accountable. I actually have a post scheduled for tomorrow talking about just this (and another one Tuesday why I am not worried about AI from a stereotypically economic perspective). Great post!

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Plasma Bloggin''s avatar

Everyone seems to be focused on the question of if and when AI will replace all human jobs, but I think the bigger concern is not over when it will happen but how fast. That is, how long will the transition period between a totally human-dominated and totally AI-dominated economy be? What will be the time interval between the moment that AI first replaces a large sector of the job market in such a way that those workers can't easily get a different job or modify their job to incorporate AI and the time when AI has replaced so many jobs that human labor is virtually obsolete?

This matters the most to me because that transition period is going to be really difficult. If AI replaces all human work, or so much of it that you don't need the incentive of, "You must work to make a decent living," to get people to do the remaining jobs, then it seems like we don't actually have a big problem economically. As you suggested, we can just implement UBI to sever the link between work and financial resources. But it's not like we're just going to immediately switch from the current economy to one like that. There will be some point when AI is powerful and diffused enough to replace some labor but not all, causing mass unemployment, but where human labor is still necessary, so implementing UBI could cause a disastrous economic collapse by removing the incentive to work for those who still have to.

If that transition period ends up being really short, that's great news - things might suck for a little bit, but we'll come out the other end okay. But if it ends up being long, something pretty drastic is going to have to be done to deal with it, and I don't really have any idea what.

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