[cnelsenmilt]

Well, second problem is that we don't have any rules for access to the raised material standards for anyone who's not providing inputs to the system elsewhere. In plainer words you need to be employed to have money so you can buy things, because buying things with money is the only option. That is one of the chief negative impacts that looms: a large amount of people being left out of the economy because they don't meet the new efficiency bar.

[pascalxus]

This isn't the first time humanity has improved productivity. Productivity has already been increased by x10 or x100 in the last 10,000 years and yet the unemployment rate is at record low levels. this latest round of efficiency gains is no different.

[hackinthebochs]

This time is different because AI has the potential to have a similar impact on efficiency across all work. In the past, efficiency gains created totally new spaces of economic activity in which the innovation could not further impact. But AI is a ubiquitous force multiplier, there is no productive human activity that AI can't disrupt. There is no analogous new space of economic activity that humanity as a whole can move to in order to stay relevant to the world's economic activity.