AGI could drive wages below subsistence level | Epoch AI

This Gradient Updates issue explores how AGI could disrupt labor markets, potentially driving wages below subsistence levels, and challenge historical economic trends.

AGI could drive wages below subsistence level | Epoch AI Gradient Updates shares more opinionated or informal takes on big questions in AI progress. These posts solely represent the views of the authors, and do not necessarily reflect the views of Epoch AI as a whole. Historically, many have feared that automation would lead to mass unemployment and lower wages. Yet, despite massive improvements in automation in the last two centuries, average wages have risen, living standards have improved, and high unemployment has not become a persistent, long-term issue as many had expected. This historic

saved by

• Timothy Kostolansky
• Adi Mehta

related reading

• By default, capital will matter more than ever after AGI — LessWronglesswrong.com
• The benevolence of the butcher — LessWronglesswrong.com
• Capital, AGI, and Human Ambition - The Intelligence Curseintelligence-curse.ai
• Life after work | Mechanize, Inc.mechanize.work
• Capital, AGI, and human ambitionrudolf.website
• No-One Escapes the Permanent Underclassborretti.me
• Can advanced AI lead to negative economic growth?aleximas.substack.com
• Is labor a luxury in the long run?philiptrammell.substack.com
• Pyramid Replacement - The Intelligence Curseintelligence-curse.ai
• Séb Krier on X: "There are broadly two ways people think about AGI and labour: Position A is where humans get fully substituted, which is usually advanced by parts of the AI commentariat. The argument is that if AGI is a scalable input thatx.com
• Economics and Transformative AI | Tom Cunningham – Tom Cunninghamtecunningham.github.io
• The Politics of Jobless Prosperity - by Andy Hallfreesystems.substack.com