AI brief
A LessWrong post argues that while AI may make goods cheaper, it will drive down the price of labor even faster, so workers will not necessarily be better off through market mechanisms alone.
Why it matters: It claims that without redistribution, cheaper goods from AI will not translate into a better standard of living because wages will fall faster.
Written by AI from LessWrong's published text.
Source
“Very simple idea, but I thought it'd be worth making a post on this. Some people are saying AI will make all goods cheaper, so you'll be able to afford a nicer life by working. Without any redistribution, just by market mechanisms. These people are wrong.”
Interpretation or community commentary rather than straight reporting.
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