So, a capitalism driven cataclysm, not an AI driven one. When your economic model fails because of technological advancement, you blame the model, not the technology.
"There's a fair likelihood that if we don't do a course correction, we're going to have a truly two-tier system," Acemoglu told me. "A small number of people are going to be on top — they're going to design and use those technologies — and a very large number of people will only have marginal jobs, or not very meaningful jobs."
So one group owns the systems that produce the output, while the other gets exploited by said systems.
That was an unusually thorough and insightful read coming from this publication. I’ve had the same thoughts rolling around in the back of my mind for the last six months, but was unable to articulate them before reading this.
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