And so I don’t really think that existential risk is caused by “unemployment”. People are indeed confused about the nature of comparative advantage, and mistakenly assume that lack of competetiveness will lead to loss of jobs, which will then be bad for them.
People are also confused about the meaning of words like “unemployment” and how and why it can be good or bad. If being unemployed merely means not having a job (i.e., labor force participation rate), then plenty of people are unemployed by choice, well off, happy, and doing well. These are called retired people.
One way labor force participation can be high is if everyone is starving and needs to work all day in order to survive. Another way labor force participation can be high is if it’s extremely satisfying to maintain a job and there are tons of benefits that go along with being employed. My point is that it is impossible to conclude whether it’s either “bad” or “good” if all you know is that this statistic will either go up or down. To determine whether changes to this variable are bad, you need to understand more about the context in which the variable is changing.
To put this more plainly, idea that machines will take our jobs generally means one of two things. Either it means that machines will push down overall human wages and make humans less competitive across a variety of tasks. This is directly related to x-risk concerns because it is a direct effect of AIs becoming more numerous and more productive than humans. It makes sense to be concerned about this, but it’s imprecise to describe it as an “unemployment”: the problem is not that people are unemployed, the problem is that people are getting poorer.
Or, the idea that machines will take our jobs means that it will increase our total prosperity, allowing us to spend more time in pleasant leisure and less time in unpleasant work. This would probably be a good thing, and it’s important to strongly distinguish it from the idea that wages will fall.
People are also confused about the meaning of words like “unemployment” and how and why it can be good or bad. If being unemployed merely means not having a job (i.e., labor force participation rate), then plenty of people are unemployed by choice, well off, happy, and doing well. These are called retired people.
One way labor force participation can be high is if everyone is starving and needs to work all day in order to survive. Another way labor force participation can be high is if it’s extremely satisfying to maintain a job and there are tons of benefits that go along with being employed. My point is that it is impossible to conclude whether it’s either “bad” or “good” if all you know is that this statistic will either go up or down. To determine whether changes to this variable are bad, you need to understand more about the context in which the variable is changing.
To put this more plainly, idea that machines will take our jobs generally means one of two things. Either it means that machines will push down overall human wages and make humans less competitive across a variety of tasks. This is directly related to x-risk concerns because it is a direct effect of AIs becoming more numerous and more productive than humans. It makes sense to be concerned about this, but it’s imprecise to describe it as an “unemployment”: the problem is not that people are unemployed, the problem is that people are getting poorer.
Or, the idea that machines will take our jobs means that it will increase our total prosperity, allowing us to spend more time in pleasant leisure and less time in unpleasant work. This would probably be a good thing, and it’s important to strongly distinguish it from the idea that wages will fall.