Instead of working a third as much, people would rather have three times the amenities. In 1930, the average household had four people living in 1,100 sq feet. Now it's twice the square footage, for three people, who also have 24 sq ft of offsite self storage, despite having multiple garage spaces.
it has already been proven that with the current system. the enhancement of productive force will only be captured by the few. wealth will be more concentrated instead of being more distributed as corporates have more money and influence over the government, especially when the government is led by one of them with zero sympathy for everyday workers.
steam engine, electricity, internet boom - they all results in larger inequality. and this is when everyday working man still have bargining chips - their intellect and hard labor. just conceive a world where these bargining chips have been removed by ai. you think the cold hearted capitalist will give two shit about workers?
i am pessimistic. and that is why you certainly have to be on the side of the asset owner, particularly at this time. because the Matthew effect of wealth will definitely be accelerated by ai
Translation:
* Private wealth funds (Family offices of the extreme wealthy) we already have this but they will get richer and more of them will be around than public ones.
* Increased taxes on all workers, especially blue collar workers. The tax revenue gets lost when the laid off techies leave expensive countries or states and can't pay for their houses and the billionaires change their tax residency for a low tax location.
* 996 work culture + with Claude to release fast with less people to compete against China.