We're on the precipice of obviating 80% of white collar work, and 99% of Graeber's Bullshit Jobs.
But give it a few years and I'm really curious how regulatory and licensing bodies react because they have almost always moved uniformly in whichever direction is necessary to suppress wages. There are few exceptions to this (e.g. physicians). The output benefits of worker + AI could potentially lead to some professional services becoming dirt cheap, while others become ludicrously expensive.
I'm also curious what this means for immigration. For the West, the primary justification to siphon the world's talent fundamentally vanishes. That's talent that potentially stays put and develops in non-Western countries. For countries where the entire country is a demographic ponzi using immigrants to prevent collapse, it's potentially an existential problem.
"humans as agents who are consistently rational and narrowly self-interested, and who pursue their subjectively defined ends optimally."
We will figure out new, irrational and suboptiomal ways to make new bullshit jobs.
The AI ethics department will be hiring a ton of people.
Personally, I did really wish this would have been a new-era moment where society would take a step back and evaluate how we are organizing ourselves (and living, even), but I fear that AI comes too late for us, in the sense that we're so rusted and backwards now that we cannot accept it. Or any important change, in fact. It's pretty depressing.
To avoid this, countries need to plan for and mitigate the social effects of economic dislocation, such as UBI. Unfortunately that ain't gonna happen. Brace yourselves.