Actually most manual labor is done by machines controlled to a greater or less extent by a human brain. AI just removes the human brain out of the production loop.
Actually most manual labor is done by machines controlled to a greater or less extent by a human brain. AI just removes the human brain out of the production loop.
I'm not sure I really understand the economics either.
Is AI going to be free? Who are the owners of capital going to sell their production to if people have no income? What are people who don't own machines going to do? Curl up in a ball and let themselves starve to death?
The best way to think about production is that everything produced is a combination of four things: labor, capital (past production), energy, and matter (land and raw materials). If you have labor that can be used to build itself (AI) then you can expand labour and capital to a very large number. You can also build new sources of energy very cheaply so the only limiting resource is matter. If you have the energy, capital and labor you can recycle most raw materials very cheaply. This leaves land as the only factor in production that does not scale.
What would all this mean in practice. Physical objects and services would become very cheap to make (effectively free) and all wealth would be tied to the ownership of land. Given the state owns most land, it should be very cheap for the state to provide all the material objects and services that any citizen needs. Unless the state actively wants to stave to death its citizens then there is not need for anyone to go hungry - if the state does want to stave to death people it does not need AI.
If you have links to more detailed ressources on that topic, I'd be interested in reading them.
Once you have one human level AI you can make more replacing each human in the production of the human level AI - you basically start at the end point and working backwards replacing each job performed by a human with an AI. Once you get to the final job you will have a production system that can build AIs without any human labor. The system can make as many extra AI’s as wanted without any human labor - it is detached from the human labor market.
Unfortunately I don’t have any links discussing this. I think not too many people dwell on human level AI’s because the expectation is with AI’s if they can get to human level they will not stay at human level. Once you have AI’s that can make AI’s then they can make better AI’s until they far surpass human level. Understanding what these AI’s will be like is impossible for us.
Again, I don't see how that follows. Once you know how to build something, you can do it again. Of course. But what if building a functioning AI that can replace a human costs $100 bn?
Certainly it's not going to be economically viable to replace tasks that do not produce high ROI, even if you assume AIs are paired with indestructible robot bodies made out of unobtainium that are as versatile as the human body (have we even built one of those ever?).
I'm familiar with the idea that AIs could make better AIs and lead to some intelligence singularity, etc. Again, I think there's a lot of handwaving behind those ideas. We have no idea what the complexity of building more complex intelligence is, or what it even means.