Arthur Hayes

The common knowledge is, you know, Facebook is going to be a $15 trillion company because they've created the best AI possible or, you know, Tencent or whatever company, right?

It's not, oh shit, what happens when all the bankers don't have jobs anymore?

How does that change the society?

But I think we get to 2030, you know, we have a larger installed robot base.

Cost of labor goes down.

We have essentially a very intelligent prediction engine called an LLM.

Maybe we have AGI or whatever that means or not.

I don't think it really matters.

But we do knowledge work cheaper and more efficiently.

And we take human intelligence and instead of sending the spars to the brightest people,

No, like myself to study bullshit finance versus being an engineer or being a dancer or being a poet or whatever.

We have more people doing creative things, whatever that means, creating sort of joy for other people because there is no other option.

You can't be a banker anymore because that's not a profitable sort of profession, but you can be a writer.

You can be a philosopher.

You can be a sports, somebody who does sports, whatever it is.

Right.

And I think there is a better scenario where labor is cheap.

we have a global conversation about what it means to be a productive human.

We haven't killed each other as we've moved to this sort of much less scarce society.

It's definitely not post scarcity by any ways, but we have much less scarcity.