"If AIs become better and cheaper than humans at EVERYTHING,
humans will stop interacting with each other.
Pan-human catastrophe!"
"If foreigners become better and cheaper than nationals at EVERYTHING,
nationals will stop buying from each other. National catastrophe!"
Yeah, right. And if people outside your immediate family do everything
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But what's the probability of AIs respecting (human) property rights? If we examine how humans treat the territories of entities far less capable than we are, the chances don't look good. It isn't really that I'm arguing that there's anything to be done about this -- I've never heard a plausible argument for something that could fix it -- but I do expect humanity's run to be effectively over as soon as superintelligent AI is built.
As for price control, other regulation, and taxes being the answer to why we have 15-50 million people who want to work and can't find jobs, it's not so clear to me. Even after the huge hit to the economy that the federal, state, and local governments represent, the average USian is far wealthier in real terms than the average USian in, say, the 1950s, which was a boom time, mostly. Further, the highest tax rates then were far higher than now, too. Government interference in the usual way is certainly one piece of the puzzle, but I don't see how it can be all of it, since technology has provided more growth of real wealth than the US government has soaked up. This isn't to say I have any other answer, though. I'm pretty confused about it.
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There are lots of reasons today to not be either hired or hiring.
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