From Cambridge to Eternity: “AI vs. Job Loss”

 

Intelligence, Human vs Artificial

           What would the most typical difference between RI (for real intelligence) and AI be? That’s a great question subject to answers of all differences depending on whom we ask the question of.

1)     A macroeconomist: There is a “nominal” difference, if any, in that the two never die in “the short run” but fade away in “the long run.”

2)     A scientist: The one is human and organic, the other artificial and mechanic

In other words, RI evolves while AI revolves.

3)     A humanist: The one is exciting and gets excited, while the other is boring but never gets bored.

4)     A troubleshooter: The one goes to a clinic, the other to a mechanic.

5)     A layperson like the rest of us: Are you kidding?

6)     A doomsayer: RI’s will certainly suffer from secular stagnation as the increasingly-popular and intermittently-revolving AI’s consistently lessen the Gross National Consumption when the MPC is steely-constant at, say, 0.800, across all directions.

         First, demand in the job market for RI’s is destined to diminish on the shadow of the AI boom. Second, with APC< MPC as usual in macroeconomics, a downturn due to a financial meltdown will surefire lead to a death spiral. See, I told you so, the “secular stagnation”! Third, every cloud having a lining, “Let’s go fiscal” and “End this Depression Now!”

               

Knee-Jerk Questions

1)     Are the rest of us organic or mechanic?

2)     Which do we like or hate “in the long run,” a doll or a witch?

3)     Which would be more boring, a clock or a pet?

4)     Which would we choose as company, RI or AI?

5)     Which do we spend most of the time of the day with, RI or AI?

6)     Which of the two would give us more beneficial “leisure” hours?

7)     Which of the two would take more money in return for “leisure” hours? 

8)     Finally, which would have larger MPC (propensity to consume) in aggregate, RI’s or AI’s ?

             Addendum: Which would the pet choose as company, RI or AI?

 

A Few Conjectures

1)     As AI replaces RI, the per-capita income is secularly to decline.

2)     Such decline is to be accelerated due to the constant MPC.

3)     The economy gets smaller and smaller due to a double whammy, namely, declining GDP and shrinking APC.

4)     A lining in the cloud: Demand for the cost-ineffective AI never dies but will nevertheless fade away.   

5)     On the other side of the equation, the economy will be turning more normal than business being as usual.

<Home task> Will the human life, comic, tragic or both, ever after?

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