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The Leverage Paradox in AI
New technologies decrease the effort required to perform tasks while increasing the effort required to remain competitive. This is especially true for AI.
In 1930, the economist John Maynard Keynes predicted that automation and other expressions of technological progress would lead to a 15-hour workweek by the early 21st century. … Thus for the first time since his creation man will be faced with his real, his permanent problem — how to use his freedom from pressing economic cares, how to occupy the leisure, which science and compound interest will have won for him. It was tricky to climb because we had to ascend the steps manually, writing our own words, designing our own graphics, producing our own sounds, and coding our own software.
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