> What will happen to 3rd world countries
Probably less disruption than will happen in 1st world countries.
> No one will have chance to be rich anymore
It's strange to reach this conclusion from "look, a massive new productivity increase".
Probably less disruption than will happen in 1st world countries.
> No one will have chance to be rich anymore
It's strange to reach this conclusion from "look, a massive new productivity increase".
I read “no one will have a chance to be rich anymore” as a statement about economic mobility. Despite steep declines in mobility over the last 50 years, it was still theoretically possible for a poor child (say bottom 20% wealth) to climb several quintiles. Our industry (SWE) was one of the best examples. Of course there have been practical barriers (poor kids go to worse schools, and it’s hard to get into college if you can’t read) but the path was there.
If robots replace a lot of people, that path narrows. If AGI replaces all people, the path no longer exists.
car : horse :: AGI : humans