> The Cobb-Douglas production function (Cobb & Douglas, 1928) illustrates how AGI shifts economic power from human labor to autonomous systems (Stiefenhofer &Chen 2024). The wage equations show that as AGI’s productivity rises relative to human labor decline. If AGI labor fully substitutes human labor, employment may become obsolete, except in areas where creativity, ethical judgment, or social intelligence provide a comparative advantage (Frey & Osborne, 2017). The power shift function quantifies this transition, demonstrating how AGI labor and capital increasingly control income distribution. If AGI ownership is concentrated, wealth accumulation favors a small elite (Piketty, 2014). This raises concerns about economic agency, as classical theories (e.g., Locke, 1689; Marx, 1867) tie labor to self-ownership and class power.
Wish I had time to study these formula.
We already have seen the precursors of this sort of shift with ever rising productivity with stalled wages. As companies (systems) get more sophisticated and efficient they also seem to decrease the leverage individual human inputs can have.
Currently my thinking leans towards believing the only way to avoid the worse dystopian scenarios will be for humans to be able to grow their own food and build their own devices and technology. Then it matters less if some ultra wealthy own everything.
However that also seems pretty close to a form of feudalism.
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