Future of Life Institute Podcast Anton Korinek on Automating Work and the Economics of an Intelligence Explosion
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Jun 21, 2024 
Anton Korinek talks about automation's impact on wages, tasks complexity, Moravec's paradox, career transitions, intelligence explosion economics, lump of labor fallacy, universal basic income, and market structure in AI industry.
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Automation Helps Societies, Harms Individuals Initially
- Automation raises aggregate wealth but can harm displaced workers in the short run.
- Reconciling these requires transitions that let workers move into higher-value tasks.
Wages Are A Race Between Automation And Capital
- Wages depend on the race between automation and capital accumulation.
- If automation outpaces capital, wages fall; if capital accumulates, remaining human tasks become more valuable.
From Farms To Complex Jobs Over 250 Years
- Since the Industrial Revolution many jobs shifted from agriculture to complex services.
- Today less than 2% work in agriculture while remaining jobs are more technologically advanced.