"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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A more fundamental problem I'm having lately with some of these arguments, though, is that they imply that we should never have lasting, involuntary unemployment, since there should always be *something* that those people could do. Depending on who you believe, there are between 15 and 50 million people just in the US who want work but can't find it. This is what David D. Friedman recently called, on his blog http://daviddfriedman.blogspot.com/, "the sort of situation that price theory [microeconomics] tells us can't exist but that sometimes does".
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DDFR qualifies this sentence saying that he's "loosely speaking". He is. And price theory tells us exactly why people can't find work when there's price control and barriers to transactions (= taxes).
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There are lots of reasons today to not be either hired or hiring.
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Like Shrödinger's immigrant who is simultaneously both working and stealing jobs, and not working and stealing welfare, Shrödinger's Robot is both so cheap that everyone uses his services and not each other's, and yet so expensive that no one can afford his services.
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