Human labor becomes worthless but you can still get returns from investments. For example, if you have land, you should rent the land to the AGI instead of selling it.
People who have been outcompeted won’t keep owning a lot of property for long. Something or other will happen to make them lose it. Maybe some individuals will find ways to stay afloat, but as a class, no.
Does any of this discussion (both branches from your first comment)change if one starts with the assuming that AIs are actually owned, and can be bought, by humans? Owned directly but some and indirectly by others via equity in AI companies.
Like I said, people who have been outcompeted won’t keep owning a lot of property for long. Even if that property is equity in AI companies, something or other will happen to make them lose it. (A very convincing AI-written offer of stock buyback, for example.)
Human labor becomes worthless but you can still get returns from investments. For example, if you have land, you should rent the land to the AGI instead of selling it.
People who have been outcompeted won’t keep owning a lot of property for long. Something or other will happen to make them lose it. Maybe some individuals will find ways to stay afloat, but as a class, no.
Does any of this discussion (both branches from your first comment)change if one starts with the assuming that AIs are actually owned, and can be bought, by humans? Owned directly but some and indirectly by others via equity in AI companies.
Like I said, people who have been outcompeted won’t keep owning a lot of property for long. Even if that property is equity in AI companies, something or other will happen to make them lose it. (A very convincing AI-written offer of stock buyback, for example.)