Comment by cucumber3732842

I think it's gonna mirror how the white collar classes, coastal elites, professional managerial class, whatever you want to call them, sold the countries industrial base to the far east. They got a little bit of money out of it but the biggest gains were the material wealth. $1 widgets instead of $2 widgets. All the people who weren't hurt by it got to live with more material plenty. Of course the nominal values of things didn't go down, but that's just inflation which is somewhat separate of an effect.

This time the jobs most in the crosshairs of AI are the jobs that constituted the paper pushing overhead of modern society, all the paper pushing jobs. Instead of $1 widgets from China replacing $2 domestic widgets it's gonna be $1 AI services replacing $2 services that require a real human.

This is hard to reason about because people tend to consume these kinds of services in big multi hundred or multi thousand dollar increments but in practice what it means is that when you have to engage an accountant, engineer, having something planned out in accordance with some standard, that will be substantially cheaper because of the reduced professional labor component.

And of course, as usual, the string pulling and in investor class will get fabulously wealthy along the way.