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Jan Kulveit's avatar

Two comments: The disequilibrium can't be permanent. As Korinek notes, the dynamic where capital increases tech progress leads to what Korinek and Aghion at al call "type II singularity", infinite output in _finite_ time.

In case the technological growth slows down, eg because there is some upper bound in technologies, the civilization discovers the whole tech tree, or similar, the argument breaks down.

Second:

"So human wages may face this upper bound from superhuman AIs, but that upper bound will be rising rapidly as technological progress accelerates beyond that pace at which the AI labor force can expand."

It isn't clear to me why in this model technological progress would not also increase the pace at which AI labor force would expand. Overall it would be great if we moved beyond the labour/capital factors and started thinking about AI as it's own thing with unique properties.

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Victor Perton's avatar

I am glad you are optimistic about humanity’s economic future. Our economic future is filled by optimism. It is fuelled by vision, innovation, and the irrepressible belief that together, we can build prosperity grounded in trust and purpose. This optimism drives investment, creativity, and the bold action required to shape better outcomes in an ever-changing world

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