Also great: These people never explain how exactly the profits made from automation will be redistributed. This is a political problem, not an economical or technological one.
Already, profits from productivity increases go mostly to capital owners. This is why most of us have so little money, compared with what people used to have 50 years ago. This is why you can't afford a house.
If productivity increases had been redistributed such that people could work considerably less while maintaining an acceptable standard of living, we all would work 3-4 days per week. Instead, those gains went to the capital owning class. AI will worsen the situation.
Already, profits from productivity increases go mostly to capital owners. This is why most of us have so little money, compared with what people used to have 50 years ago. This is why you can't afford a house.
If productivity increases had been redistributed such that people could work considerably less while maintaining an acceptable standard of living, we all would work 3-4 days per week. Instead, those gains went to the capital owning class. AI will worsen the situation.