Man will do nothing and machine will do everything. That's a bleak world no one is preparing for.
How is that universal basic income scheme coming along?
We currently have two broad mechanisms to equate people's value.
*Employees:*
Easy to replace = Low Salary = Gets Few Resources
Hard to replace = High Salary = Gets Many Resources
*Entrepreneurs:*
Output consumed low = Low Pay = Gets Few Resources
Output consumed high = High Pay = Gets Many Resources
(Resource consumption ignored)
In a world where machines do everything, aspects of these change:
*Employees:*
Easy to replace = Gets whatever resources
(no-one hard to replace)
It is up to us to define whether 'whatever' is bleak or not. If we decide that resources need to be shared fairly, it could be heaven, not hell.
*Entrepreneurs:*
Resource consumption: Whatever
It is up to us how much resource consumption we allow. If we decide that resource consumption need to be sustainable, it could be heaven, not hell.
If there is person A who can become a squillionnaire by making sure that the employees of a company make as little as possible due to AI, that's what's going to happen. There is zero way "we" will decide resources need to be shared fairly.
If person A can amass more money and power, then resource consumption literally doesn't matter. There is no way "we" will be involved in that process at all.
Call me cynical, but it appears that human history has proven over and over and over again that whatever the short sighted, selfish option that enriches a very few is, is what will happen, until there is finally violence.
I do not look forward to the AI wars that my children will be forced to fight in.
This is wrong, in most cases the entrepreneur is worse off than the employees, since the entrepreneur spent all his savings on the projects and the employees walks away with all the money they got from their salaries.
And even when it is fully funded by external investors most of the time the founder just gets to keep the salary since the company fails and become worthless.
The only time the entrepreneur is better off is when the company succeeds and becomes big, but that is rare, most of the time it is better to be an employee.
Risk seekers should be entrepreneurs.
Risk averse people, probably, should not.
If the Epstein class won't allow for everyone to have a reasonable standard of living when they relied on workers to produce, the chances of them allowing it when they don't is next to nil. They couldn't even bear the thought of people working from home, for no other reason than the workers liked it, and that cost them nothing.