The advancement of AI is projected to significantly increase productivity in the startup sector, reducing the need for human employees while simultaneously making many human skills obsolete. This trend is expected to widen the gap between capital and labor, benefiting capital. As AI tools enable senior professionals to handle tasks that previously required multiple junior staff, entire professions may disappear. To prevent massive unemployment, potential measures against capital may include highly regulated AI, increased capital gains taxes, and expanding government spending on entitlements for the newly unemployable workforce. This shift is seen as a future response to the growing impact of AI on the workforce and the economy.
A reading and discussion inspired by https://x.com/nic__carter/status/1797635177973158182
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