What happens when cognitive tasks can be done at zero marginal costs? Co-CIO Greg Jensen explores some of the potential impacts that advancements of AI/ML technology could have on companies and the economy, including an extreme scenario that could potentially produce “explosive growth.”
Robots replacing the majority of human labour doesn’t seem like an inherently bad idea, and it could ultimately result in a stable Star Trek style post-scarcity economy. The challenge will be getting to that state with as little economic and societal collapse as possible. What tools can we to implement now to increase our chances of a smooth transition? Would establishing UBI be beneficial?
“people who want $1000 a month UBI don’t seem to realize their rent will go up $1000 next month.”
Decommodification. We are post-scarcity in many areas, but are still getting charged for it because of commodity and profit-motive.
Robots replacing the majority of human labour doesn’t seem like an inherently bad idea, and it could ultimately result in a stable Star Trek style post-scarcity economy. The challenge will be getting to that state with as little economic and societal collapse as possible. What tools can we to implement now to increase our chances of a smooth transition? Would establishing UBI be beneficial?
“people who want $1000 a month UBI don’t seem to realize their rent will go up $1000 next month.” Decommodification. We are post-scarcity in many areas, but are still getting charged for it because of commodity and profit-motive.