alt Hacker News>I'm not saying it's not possible, but if we wipe out 2/3 of jobs with AI, who is going to be buying all the stuff?
Money is just a proxy for access to resources. If a machine that is capable of replacing almost all jobs is really created then money will matter much less than access to said machine. Taken to the extreme to make the point, if you had a genie that could grant your every wish, what would you need money for ?
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Yeah but what if that genie charges money for wishes.
Money is a proxy for the value of peoples' time. Since AIs are not people, they cannot create value.
OpenAI is not going to pay off my mortgage, it’s not going to replace my roof, it’s not going to fix my car, and so on. Money is still going to be very necessary for goods and services.
> If you had a genie that could grant your every wish, what would you need money for ?
The things that a magic AI Genie will never be able to give you no matter how far into the AGI/Singularity things get. Such as Land, Energy, Precious Metals, Political and Social Capital, etc.