Earlier quoted context omitted.
I don't consider myself particularly alarmist about too many things, but I have to admit I'm a little worried about machine intelligence on one front: What happens when most people have no salable skills due to the combination of robotics and AI? We're essentially going to have to live w/ income supports for the 90+% of Americans, and worse for the countries to which we've exported eg electronic device construction a…
I think this is a more legitimate concern than the fear of the "Matrix outcome" that some people seem to have. But, what you're describing is the process of people being replaced by technology. Generally speaking, this will probably not be a problem for a free-market economy, although it will certainly result in some unemployment. The key point is that replacing humans with machines does not only cause unemployment,…
People like Jeremy Howard believe that we are in for a similar wave of disruption. I have no doubt that there is a new, stable equilibrium which we _could_ eventually reach, but if the change is so sudden and the shock strong enough, perhaps there could be permanent or semi-permanent negative consequences before the new equilibrium is reached.