Post-Malthusian AI

In previous essays I have argued that human wages can stay high and rising even with superhuman AIs in the economy, but there is an extremely simple model of superhuman AI that locks human wages down, possibly well below subsistence levels:Say a superhuman AI is one that’s more productive than humans at all tasks in the economy. That means the marginal product of a unit of AI labor is greater than the marginal product of human labor for all tasks.In any reasonably competitive market, this means ...