Geoffrey Hinton on how AI will be used to increase the wealth gap

https://v.redd.it/nam4p9th5mce1

by harstar0

1 comment
  1. Remember, being an expert in one area of science, does not make you an expert in others.

    Automation always does the same thing, it decreases the cost of the things being produced, making them more accessible to everyone as they become cheaper.

    This is why engines, electricity, motors, the internet, and computers (among other things) have resulted in the [cost of food per blue collar hour worked has decreasing 87% in the past 100 years.](https://www.humanprogress.org/falling-food-prices-for-blue-collar-workers-in-the-united-states-1919-2019/) 10x cheaper relative to blue collar wages!

    And now think of what that means for all goods and services produced by AI automation… the cost of those things begins to dramatically decrease as the cost of AI itself decreases. With our money going so much farther, new careers are feasible that we can’t even predict today.

    Imagine trying to tell a farmer in 1850 that in less than 200 years, someone could make 200 times more money than the farmer (relative to PPI) while working as a ski instructor, literally teaching people how to ski and have fun. That was a career unimaginable to someone in 1850, because they couldn’t even imagine a ski resort itself. The same is true today. We can’t predict the sorts of careers that will be viable soon, as a result of the cost of most goods and services dramatically decreasing in cost.

    This is over a thousand year long trend in history that is going to continue.

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