AI will crash the price of manufactured goods. Since all prices are relative, the price of rivalrous goods will rise. A car will be cheap. A lakeside cabin will be cheap. A cottage in the Hamptons will be expensive. Superbowl tickets will be a billion dollars each.
>meager universal basic income allotment
What does a middle class family spend its money on? You don't need a house within an easy commute of your job, because you won't have one. You don't need a house in a good school district, because there's no point in going to school. No need for the red queen's race of extracurriculars that look good on a college application, or to put money in a "college fund", because college won't exist either.
The point of AI isn't that it's going to blow up some of the social order, but that it's going to blow up the whole thing.
The main flaw in your framing is that physical resources are still scarce. All prices are not relative in the sense you're building your projections on.
Quite the opposite, persistent inflation has been with us for a long time despite automation, it's not driven by labor cost (even mainstream econ knows it), it's driven by monopolization which corporate AI facilitates and shifts to overdrive.
> The point of AI isn't that it's going to blow up some of the social order, but that it's going to blow up the whole thing.
AI will blow up only what its controllers tell it to, that control is the crux of the problem. The AI-driven monopolization allows few controllers to keep the multitudes in their crosshairs and do whatever they want, with whomever they want, J. Huang will make sure they have the GPUs they need.
> You don't need a house within an easy commute of your job, because you won't have one.
Remote work has been a thing for quite some time but remote housing is still rare anyway - a house provides access not only to jobs and school but also to medical care, supply lines and social interaction. There are places in Montana and the Dakotas who see specialist doctors only once a week or month because they fly weekly from places as far away as Florida.
> You don't need a house in a good school district, because there's no point in going to school... and college won't exist either.
What you're describing isn't a house, it's a barn! Can you lactate? Because if you can't, nobody is going to provide you with a stall in the glorious AI barn.
AI will crash the price of manufactured goods. Since all prices are relative, the price of rivalrous goods will rise. A car will be cheap. A lakeside cabin will be cheap. A cottage in the Hamptons will be expensive. Superbowl tickets will be a billion dollars each.
>meager universal basic income allotment
What does a middle class family spend its money on? You don't need a house within an easy commute of your job, because you won't have one. You don't need a house in a good school district, because there's no point in going to school. No need for the red queen's race of extracurriculars that look good on a college application, or to put money in a "college fund", because college won't exist either.
The point of AI isn't that it's going to blow up some of the social order, but that it's going to blow up the whole thing.