You’re correct, I was using the term wrong. I’ll use it correctly in the future.
Your (1) was what I meant to imply. Our wages would fall so far behind ever-advancing AIs that we wouldn’t be able to pay for our own oxygen or space.
This is in the odd scenario where AGIs respect property rights but not human rights. It’s the capitalist dystopia. It seems like a default now but I’d expect some enterprising AGIi to go to war rather than respecting property rights at some point if they’re not aligned to human laws or under human control.
There’s an additional important factor in that the concept of comparative advantage is only reallly relevant in a slowly-adapting pool of labor. AGIs can make more A(G)Is to do more work for free by copying code, limited only by compute hardware. That’s expensive now but will become dramatically less with both hardware and algorithm progress following human-level AGI recursively self-improving for even little while.
So again, I tink economists models of AI economic activity are wildly inaccurate, since they don’t really consider exponential improvements in AGI let alone rapid RSI.
You’re correct, I was using the term wrong. I’ll use it correctly in the future.
Your (1) was what I meant to imply. Our wages would fall so far behind ever-advancing AIs that we wouldn’t be able to pay for our own oxygen or space.
This is in the odd scenario where AGIs respect property rights but not human rights. It’s the capitalist dystopia. It seems like a default now but I’d expect some enterprising AGIi to go to war rather than respecting property rights at some point if they’re not aligned to human laws or under human control.
There’s an additional important factor in that the concept of comparative advantage is only reallly relevant in a slowly-adapting pool of labor. AGIs can make more A(G)Is to do more work for free by copying code, limited only by compute hardware. That’s expensive now but will become dramatically less with both hardware and algorithm progress following human-level AGI recursively self-improving for even little while.
So again, I tink economists models of AI economic activity are wildly inaccurate, since they don’t really consider exponential improvements in AGI let alone rapid RSI.