right now people rationalize the replacement of jobs by AI because AI will benefit from deflationary productivity. overtime it is cheaper and cheaper to employ an AI. The only way for humans to have similar deflationary economics of scale is with deflationary money. Some day it will be cheaper and cheaper to pay for a human

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Joe Resident's avatar
Joe Resident 10 months ago
There is another (orthogonal) way: enable humans to reap the benefits of AI directly, and individually: If everyone has access to robotics and AI, those robots can labor for the profit of each individual. This gives individuals the means of production. For example, I'm working a gardening robot right now. Imagine 20 technologies like that, where each is accessible to someone with a normal income. Suddenly everyone is producing goods and services without a job, without laboring themselves except to play the 'manager' role for his robots, ie deciding which robot(s) to get and which good(s) to produce. Obviously this doesn't cover all goods, eg a chip fab like TSMC, etc. But it feels like a future where most individuals remain economic agents instead of passive UBI recipients. And of course all goods and services enjoy deflationary pricing because robots are doing everything for pennies