Expert opinions on Inequality

There’s a common fear among people who work in Silicon Valley: snag one of the fast-growing, high-paying jobs in artificial intelligence, or get trapped in the “permanent underclass”, a phrase describing the fate of those who won’t have upward mobili...

Though a “permanent underclass” is not an imminent reality, in the near term AI could make some people richer and others worse off.

AI is expected to automate a large number of jobs. But when large numbers of people lose their means of earning a living, the situation cannot stay unbalanced forever. [...] History has repeatedly shown that societies do not stay in extreme imbalance...

Well, I do have a fundamental belief that AI is surprising. [...] I think that the way that things will change and how what we do with our time evolves and we clearly will be in a world of abundance and how do we ensure that that abundance is broadly...

The promise of artificial general intelligence is that it will provide unprecedented productivity gains that could allow all of humanity to achieve a standard of living greater than that experienced by those in the wealthiest nations.

AGI is generally understood as an AI system that can match or exceed human capabilities on most economically valuable tasks. In such a world, the automation of work would not be limited to specific industries or routine jobs. Instead, machines would ...

But each time humanity has come out with more people sharing greater prosperity, health, and freedom. We believe this will be true with AI as well, and the abundance of the future can be shared by everyone.

Eventually, we need some form of universal basic income for everybody while they work and once they retire.

Universal basic income is a policy prescription that those people calling for it tended to believe in years earlier, before they had even heard of AI, and now it fits this scenario. I do not know what the outcomes and therefore the mitigations of AI ...

They present themselves as benefactors, they turn recipients of universal basic income into passive beneficiaries of a system they do not control and, above all, they shift the focus: Instead of questioning the concentration of capital and power, we ...

Eventually, we need some form of universal basic income for everybody while they work and once they retire.

The answer to that fear is to make job loss less scary by building a new unemployment program.