Great reference! I found myself explaining this repeatedly but without the right terminology. The “but comparative advantage!” argument is quite common among economists trying to wrap their head around AI advances.
I think it applies for worlds with tool/narrow AI, but not with AGI that can do whole jobs for much lower wages than any human can do anything.
Great reference! I found myself explaining this repeatedly but without the right terminology. The “but comparative advantage!” argument is quite common among economists trying to wrap their head around AI advances.
I think it applies for worlds with tool/narrow AI, but not with AGI that can do whole jobs for much lower wages than any human can do anything.