Is this the future of the economy?

Reddit r/singularity News

Summary

The article speculates on a future economy where AI and robots handle all physical and mental tasks, allowing humans to become owners of production factors rather than laborers, while still generating income.

With things becoming increasingly automated, what's to stop robots and AI from outperforming humans on practically all physical and mental tasks? At that point, we wouldn't need each other anymore for anything, technology does all the work for us. So we don't have to physically do the jobs anymore, we can outsource it to technology, sell it or lease it to others for an income. Why wouldn't this be the economy of the future that we naturally transition to? Where instead of ourselves being the factors of production we are more like the owners and sell the factors of production? It seems totally plausible and feasible, while still making people incomes.
Original Article

Similar Articles

The Dead Economy Theory

Hacker News Top

The article extends the 'dead internet theory' to a 'dead economy theory', arguing that massive AI investments aim at labor replacement at scale, with benchmarks targeting professional roles and the financial models requiring elimination of human cost centers.

Will AI taking jobs save countries from declining populations?

Reddit r/ArtificialInteligence

The article questions whether AI-driven automation can sustain economic growth despite declining global populations, suggesting it might reduce the need for human labor and immigration while supporting public services through increased corporate taxation.

AI isn’t the Problem - it’s Capitalism

Reddit r/artificial

The article argues that the real threat from AI is not the technology itself but capitalism's inability to distribute the wealth created by automation, and calls for universal basic income funded by AI productivity to prevent economic collapse.