The things that a magic AI Genie will never be able to give you no matter how far into the AGI/Singularity things get. Such as Land, Energy, Precious Metals, Political and Social Capital, etc.
Energy, Precious Metals etc are not obtained with Money. They are obtained with human work and effort, all of which we are now saying is doable by the machine.
It's a domestic robot that can do full maintenance on another domestic robot.
Self replicating machines are the genie that grants you more wishes. They are the genie that can turn that land, energy, and precious metals into copies of themselves.
And if they were, then the machine will just do all that for them. That's the point. The things you mentioned don't need intrinsically need money. The machine can fix or create whatever car, replace whatever roof, and build whatever house.
Well they should be, because actually putting 2/3rds of the workforce out of work in a short, sudden fashion is probably not going to end well for them.
> The things you mentioned don't need intrinsically need money. The machine can fix or create whatever car, replace whatever roof, and build whatever house.
What machine is this? It certainly doesn’t exist and won’t in the short timeframe these AI companies are predicting everyone is gonna be laid off. Maybe, maybe if the timeframe for “no one has a job anymore” happens over say, 100 years, things might go slowly. Over two or three years? Heads will roll.
Maybe. The ruling elite being a small fraction compared to the downtrodden masses is hardly a new manifestation. Regardless, money won't be the primary issue. Again it's just (intrinsically) worthless paper. All of its current value is a social construction and new ones could take its place if necessary.