The value of an individual's labor is trivial compared to the capital gains they make, which highlights the shift towards earning income from capital ownership or social transfers rather than direct labor. The concept of an experience machine, where individuals can simulate emotional well-being and experiences, reflects a changing mindset towards altering one's nature or urges through external devices like pills.
If you didn't have to work to enjoy material abundance, would you do it anyway? If an algorithm or a pill could achieve better results, would you bother shopping or going to the gym? These are the kinds of questions we'll need to ask ourselves if AI makes all human labor and other traditional ways of spending time obsolete. Oxford philosopher Nicholas Bostrom, author of Deep Utopia, is downright bullish about our ability, not only to adjust to a life stripped of labor, but to thrive. Listen as Bostrom explains to EconTalk's Russ Roberts what pleasure and leisure might look like in a world without struggle or pain, and why art and religion may come out still standing, or even become more necessary. Finally, they speak about how AI might free us up to be the best people we can be.