Here's a Jan 25th 2025 quote on X/Twitter (which his firm helped Musk buy) from Marc Anderessen, head of VC firm Andreessen Horowitz/a16z.
"A world in which human wages crash from AI -- logically, necessarily -- is a world in which productivity growth goes through the roof, and prices for goods and services crash to near zero. Consumer cornucopia. Everything you need and want for pennies."
This is the world Big Tech is building for us. Given their hold over the current US administration, barring a political revolution - there's not much to stop them for the next 4 years.
If their power to create that world via AI & robotics is seemingly unstoppable, what about a counter-intuitive idea? Engage them on it seriously. At the very least the transition to this world might need the kind of emergency economic supports the Covid era had.
It seems strange Big Tech is so open about what it intends to do, yet we are still not taking it seriously, despite them saying it all out loud.
Has anyone else played this? https://www.decisionproblem.com/paperclips/index2.html
It simulates a paperclip factory that becomes increasingly automated. What happens is that yes the price goes down and production goes up (and profits go way up) but also raw material consumption goes exponential. In the game the world has infinite raw materials. IRL, not so much...