Earlier quoted context omitted.
I assure you it will soon become very clear that mass job losses are one of the least concerning side effects of developing the magic "everything that can plausibly been done within the constraints of physics is now possible" machine. We're opening a can of worms which I don't think most people have the imagination to understand the horrors of.
Do you have any sources I could read to better understand your concern?
Firstly, I'd propose that all technological advances are a product of time and intelligence, and that given unlimited time and intelligence, the discovery and application of new technologies is fundamentally only limited by resources and physics.
There are many technologies which might plausibly exist, but which we have not yet discovered because we only have so much intelligence and have only had so much time.
With more intelligence we should assume the discovery of new technologies will be much quicker – perhaps exponential if we consider the rate of current technology discovery and exponential progression of AI.
There are lots of technologies we have today which would seem like magic to people in the past. Future technologies likely exist which would make us feel this way were they available today.
While it's hard to predict specifically which technologies could exist soon in a world with ASI, if we assume it's within the bounds of available resources and physics, we should assume it's at least plausible.
Examples:
- Mind control – with enough knowledge about how the brain works you can likely devise sensory or electro-magnetic input that would manipulate the functioning of brain to either strongly influence or effectively dictate it's output.
- Mind simulation - again, with enough knowledge of the brain, you could take a snapshot of someones mind with an advanced electro-magnetic device and simulate it to torture them in parallel to reveal any secret, or just because you feel like doing it.
- Advantage torture – with enough knowledge of human biology death becomes optional in the future. New methods of torture which would have previously have killed the victim are now plausible. States like North-Korea can now force humans to work for hundreds of years in incomprehensible agony for opposing the state.
- Advanced biological weapons – with enough knowledge of virology sophisticated tailor-made viruses replace nerve agents as Russia's weapon of choice for killing those accused of treason. These viruses remain dormant in the host for months infecting them and people genetically similar to them (parents, children, grandchildren). After months, the virus rapidly kills its hosts in horrific ways.
I could go on, you just need to use your imagination. I'm not arguing any of the above are likely to be discovered, just that it would be very naive to think AI will stop at a cure for cancer. If it gives us cure for cancer, it will give us lots of things we might wish it didn't.