a company that pays its employees a below-subsistance wages will get outcompeted by companies that offer better conditions… once we automate a large fraction of the economy and society, this relationship between competitiveness and being beneficial to humans can cease to hold
Walmart is one of the biggest employers in the world, and its salaries are notoriously so low that a large percentage of employees depend on welfare to survive (in addition to walmart salary). The economy is already pretty far from what I’d call aligned. If we want to align it, the best time to start was a couple centuries ago, the second best time is now. Let’s not wait until AI increases concentration of power even more.
Walmart is one of the biggest employers in the world, and its salaries are notoriously so low that a large percentage of employees depend on welfare to survive (in addition to walmart salary). The economy is already pretty far from what I’d call aligned. If we want to align it, the best time to start was a couple centuries ago, the second best time is now. Let’s not wait until AI increases concentration of power even more.