If machines do everything, those who own the machines will capture all value; workers, outcompeted at all tasks, would end up with a vanishingly small share of the economy's income.
Pessimistic
Source
How AI Could Benefit Workers, Even If It Displaces Most Jobs | AI FrontiersBenjamin Jonesai-frontiers.org
View all claims from this article Original Quote
If machines do everything, then those who own the machines will capture all this value. Products and services would become very cheap, but workers, outcompeted by machines in all tasks, would end up with a vanishingly small share of the economy's income.
Outlook
PessimisticWorkers receiving a vanishingly small income share despite vast output would represent extreme inequality and loss of economic security for the majority of people.
Timeframe
beyond 5 yearsImplied
This scenario is contingent on full automation, which the author explicitly describes as far off.
Confidence
high
Stated as a logical necessity within the hypothetical, implying high confidence given the premise.
About the Author
Benjamin Jones
Author Perspective
Across 12 tracked claims, Benjamin Jones skews optimistic.
50% optimistic25% neutral25% pessimistic