This technology should be liberatory, and allow us all to work less while enjoying the same standard of living. We've all contributed in its development by creating the whole corpus of the internet, without which it could never have been bootstrapped.
The only reason we can't expect this is that we live under a system that is arranged for the sole benefit of the owners of capital, and have been convinced that this is an immutable state of affairs or that our own personal advantage can be found in making a Faustian bargain with it.
It would be a deep irony if LLMs ended up ushering in the social rupture that never arrived in the industrial era. When the pigs turn hogs and refuse to share even the scraps, they shouldn’t be surprised if the system they depend on becomes their undoing.
> we live under a system that is arranged for the sole benefit of the owners of capital
This is totally false. The vast majority of consumers enjoy huge benefits from the system while owning almost no capital. For example, Walmart customers or iPhone owners.
A lot of people can't tell the difference between capitalism (which has made their lives materially wealthy beyond imagination) and the root cause of today's economic troubles for ordinary people, which is affordability, which is mostly driven by the housing crisis, which is dominated by nimbyism in megacities.
Fix megacity housing regulation to enable cheap/low risk building that the market wants, and you fix the affordability crisis.
No need to rebuild the (greatest system in the history of humankind) from scratch.
> we live under a system that is arranged for the sole benefit of the owners of capital, and have been convinced that this is an immutable state of affairs
What alternative do you propose?