Ai will undoubtedly increase productivity and wealth in our country as a whole. But what impact will it have on average workers? Will it create more good jobs than it destroys? Who will get the benefits from the additional wealth? And how long will the process take?
Nobody really knows the answers to these questions. The one prediction I feel comfortable making is that the techno-aristocrats will not voluntarily share much of their new wealth. This is based on two observations: first, they are contemptuous of average workers; and second, the beneficiaries of globalization refused to compensate the losers, with results we are feeling today.
I can easily imagine a world in which the fabulously rich aristocrats hire millions of newly superfluous workers to serve as retainers in lieu of creating a better welfare state. Welcome to the feudal system, 21st century style.