The AI Industrial Explosion — Part 2: Transition Dynamics

This is Part 2 of a series on post-AGI economic growth. Part 1 established that a fully automated economy could double roughly every year using current technology. But the US economy does not currently look like a self-reproducing capital machine. It overproduces consumer goods and services relative to maximum growth, and underproduces machinery and raw metals. It cannot instantaneously switch to rapid growth, because it simply does not produce enough of the stuff that makes stuff. Using the inp...