The latest EconTalk features Robin Hanson on the singularity and AI. The latter part of the discussion focuses on strong AI, achieved through whole brain emulation, and the subsequent plummeting in the value of labor. In this scenario, the wage is equal to the cost of renting a machine to do the same task, i.e. very low. Consequently, anyone who does not own capital lives at subsistence as the number of laborer-equivalents increases into the trillions.
The behavioral economics of strong AI
The behavioral economics of strong AI
The behavioral economics of strong AI
The latest EconTalk features Robin Hanson on the singularity and AI. The latter part of the discussion focuses on strong AI, achieved through whole brain emulation, and the subsequent plummeting in the value of labor. In this scenario, the wage is equal to the cost of renting a machine to do the same task, i.e. very low. Consequently, anyone who does not own capital lives at subsistence as the number of laborer-equivalents increases into the trillions.