I don’t understand how folks think the economy will survive the advent of AGI. Imagine if you could spin up white collar workers at whim for a fraction of the cost… how do we think the economy is going to work if that happens?
Capital has been an economic multiplier of human labor. AGI is more like flooding the market with infinite labor. There will be blood in the streets, at best.
A tractor was one of many things that humans have invented that could be considered a labor multiplier and put many people out of work.
AGI is just more people. It’s infinite people in the labor market driving wages down to zero.