Moore's Law for Everything
Sam Altman · 2021
"AI will drive the cost of goods and labor toward zero, requiring a new social contract to distribute the wealth."
Sam Altman's 2021 essay predicting that AI will trigger a massive deflationary shock, making the cost of goods, services, and labor plummet. He proposes radical economic restructuring, like a tax on capital and land to fund a universal basic dividend.
Altman argues that AI will decouple human labor from the production of wealth. As AI and robotics automate everything from programming to construction, the cost of living will drop exponentially (Moore's Law applied to the physical world). However, this means traditional wages will collapse. To prevent a dystopia of extreme inequality, society must shift from taxing labor (which will be worthless) to taxing capital (corporations) and land, distributing that wealth directly to citizens so they can enjoy the abundant, AI-driven economy.
According to Sam Altman, what economic shift must occur as AI automates labor?
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The explanation above is written with AI assistance. These are the originals — go to them to check it.
- Moore's Law for Everything — UBI as AI dividend (Sam Altman, 2021)House overview
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