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Yep, one of the worst possible outcomes of AI currently (skipping the entire AGI kills us thing) is by drastically increasing informational efficiency, hence replacing most of our high paid jobs, while not significantly increasing resource efficiency. You would have a massive decrease in wages while not having deflation in any other metrics.

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This is when things like 4 day work weeks and expanded vacation time via regulation actually make sense. We've become so much more efficient? Reduce the amount of work allowed to achieve full time employment to force the efficiency into more leisure time. Of course, the conundrum there becomes outsourcing and nations being incentivized not to do so to build their economies. We may be trapped in a tragedy of the commons leading us to slavery.

None of the required changes will be made in our current corporate kleptocracy. We are going to see massive unemployment that will cripple the economy as a whole. Not the utopia we should have. The pause for me is to figure out the redistribution from the spoils of efficiency.

That's when it decides to do some population control.

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