Comment by simianwords 2 days ago
The answer is already in your question. The original Industrial Revolution concentrated wealth and yet increased the baseline wealth for everyone else.
There is no reason to believe otherwise in this revolution.
Why? Industrial Revolution increased everyone’s baseline
If you’re a software bro making $300k today, and lose your job to AI, it’s very unlikely that the new baseline for everyone is going to be that of a $300k income. At least not anytime soon.
sure but whatever mechanism allowed for jobs to exist a few years/decades after industrial revolution will apply here as well. with some jobs lost and chaos in the middle that is un-avoidable.
I dunno… what differentiates human labor in a few decades?
You don’t see ~anyone being paid because they are stronger than the next guy; hydraulics are stronger than all of us.
What happens when you don’t get paid for being smarter than the next guy, because AI is smarter than all of us?
And then next up is being paid for being more dexterous than the robots - basically all trade work. I think there’s a longer runway for those jobs, but it’s coming.
Though for those of us above the current baseline (e.g. basically everyone reading this), it’s not guaranteed that the new baseline will be above our current lifestyle.