In a bold and inspiring vision of the future, Elon Musk has once again reassured the public that artificial intelligence will usher in an era of universal high income—a world where nobody needs to work, everyone is prosperous, and robots politely ask permission before replacing you. Naturally, this promise has been greeted with excitement, curiosity, and a growing number of LinkedIn posts titled: “Open to Work (Thanks, AI!)” Productivity: Now With Fewer Humans Economists once theorized that as productivity increased, workers would enjoy shorter workweeks, more leisure time, and perhaps even hobbies. Imagine their surprise when reality chose a slightly different path: Productivity goes up π Corporate profits go up π Workforce… goes poof π¨ It turns out that when one AI can do the work of ten employees, the logical conclusion is not “Let’s all work less,” but rather “Let’s keep one person and call it innovation.” The dream of a 20-hour workweek has instead been repl...
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