alt Hacker NewsOnly if you assume that the only kind of value is the ability to be sold for a price. Marx would have a word about use value vs exchange value.
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Interestingly OP's idea that "AI destroys value" seems to come at least partly from the labor theory value, which Marx accepted (as most classical economists).
Unfortunately, the labor theory of value is self-contradictory. If you invent a new machine that replaces human labor, it will clearly produce more value, yet human labour is reduced. So this follows that not all value can be attributed to human labor.
What this really breaks down is meritocracy. If you cannot unambiguously attribute "effort" of each individual (her labor) to produced "value", then such attribution cannot be used as a moral guidance anymore.
So this breaks the right-wing idea that the different incomes are somehow deserved. But this is not new, it's just more pronounced with AI, because the last bastion of meritocracy, human intelligence ("I make more because I'm smarter"), is now falling.
Addendum: Although accounts differ on this, Marx seemed to struggle with LTV, IIRC Steve Keen's Debunking Economics shows Marx contradicting himself on it.
> Marx would have a word about use value vs exchange value.
Sounds like a semantics trick. Value is value. Sure, something can have a different value if you exchange it versus if you use it. It can also have a different value if you eat it, or drink it, or smash it, or wear it, or gift it to a family member, or gift it to a friend, or gift it to a lover. "Exchange" is simply one way of use.