> Why? I don't need 10x more stuff. I'd far rather spend 10x less time working.
It's a free market - if you can find someone willing to hire you to work 0.5 days a week, and are happy receiving the same income you do today, you can do so.
But your living standards won't improve, while everyone else's will, and by 10x.
And the people you are competing with to buy housing, a car, consumer goods, healthcare, food, and everything else - people who want to work 5 days a week - will have 10x more money than you. Resources like housing, which are supply constrained, will seem to go up dramatically in price relative to your income, and you'll be living in a slum.
> Resources like housing, which are supply constrained, will seem to go up dramatically in price relative to your income, and you'll be living in a slum.
That sounds like a problem with that system. If we're 10x more productive why can't we make 10x as much nice housing?
> That sounds like a problem with that system. If we're 10x more productive why can't we make 10x as much nice housing?
Because the supply of land is relatively inelastic (and to some extent building materials and construction labor). There isn't suddenly 10x more land on the planet because we all start using AI. Maybe we can make more land or build taller buildings, but it gets progressively more difficult and expensive. And because of NIMBY of course.
It's a free market - if you can find someone willing to hire you to work 0.5 days a week, and are happy receiving the same income you do today, you can do so.
But your living standards won't improve, while everyone else's will, and by 10x.
And the people you are competing with to buy housing, a car, consumer goods, healthcare, food, and everything else - people who want to work 5 days a week - will have 10x more money than you. Resources like housing, which are supply constrained, will seem to go up dramatically in price relative to your income, and you'll be living in a slum.
Does that still sound like a good idea?