Anton Koronek

And then, since roughly the middle of the 20th century, we created machines that could automate cognitive tasks, essentially computers.

And, you know, at first those computers, they could only perform highly routinized things like, let's say, adding up numbers in a spreadsheet.

And that was very useful for businesses.

So I don't want to put it down in any way.

And now the big question with AI is that first we are seeing that these machines can perform more and more of the complex, really thoughtful cognitive tasks.

So the big question is, where will they stop and will they leave anything for us?

I think that's gonna be the most important and also most fundamental challenge to our current system.

In some sense, you can say the industrial revolution has kind of by accident created the system where our labor became more and more and more valuable because we were so scarce.

And that has kind of underpinned

all this material progress, all this increase in well-being that we have seen over the past 250 years.

But once the AI revolution really hits, there is no guarantee that we can earn a decent living based on the value of our labor anymore.

I do believe that we are going to need a new system of income distribution at that point.

For example, universal basic income, compute allotments that everybody essentially gets a certain amount of computational power allocated that they can then either use or sell off.

People are also talking about job guarantees.

There's a whole range of options out there.

From a big picture perspective, the primary concern has to be that we'll find some solution.

Because as you say, if labor does get significantly devalued by this technological change,

And at the same time, we have much more abundance in the economy.

It would be such a failure if we don't use that additional abundance to make sure that nobody's left behind.