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207 points lexandstuff | 1 comments | | HN request time: 0s | source
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elcritch ◴[] No.44476648[source]
> 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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yupitsme123 ◴[] No.44476839[source]
If the wealthy own everything then where are you getting the parts to build your own tech or the land to grow your own food?

In a feudalist system, the rich gave you the ability to subsist in exchange for supporting them militarily. In a new feudalist system, what type of support would the rich demand from the poor?

replies(2): >>44477074 #>>44477123 #
kelseyfrog ◴[] No.44477074[source]
Let's clarify that for a serf, support meant military supply, not swinging a sword - that was reserved for the knightly class. For the great majority of medieval villagers the tie to their lord revolved around getting crops out of the ground.

A serf's week was scheduled around the days they worked the land whose proceeds went to the lord and the commons that subsisted themselves. Transfers of grain and livestock from serf to lord along with small dues in eggs, wool, or coin primarily constituted one side of the economic relation between serf and lord. These transfers kept the lord's demesne barns full so he could sustain his household, supply retainers, etc, not to mention fulfill the. tithe that sustained the parish.

While peasants occasionally marched, they contributed primary in financing war more than they fought it. Their grain, rents, and fees were funneled into supporting horses, mail, crossbows rather than being called to fight themselves.

replies(1): >>44477091 #
yupitsme123 ◴[] No.44477091{3}[source]
Thanks. Now you've got me curious how this really differs from just paying taxes, just like people have always done in non-feudal systems.
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klipt ◴[] No.44477206{4}[source]
In feudalism the taxes go into your lord's pockets. In democracy you get to vote on how taxes are spent.
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briantakita ◴[] No.44477283{5}[source]
In Democracy you get to vote on who gets to vote on how taxes are spent.
replies(1): >>44480658 #
1. baobun ◴[] No.44480658{6}[source]
Lately turning into getting to vote for who gets to vote for who gets to unilaterally call the shots...