I don't know if it is fair to say they're in denial. For my part, I don't expect life to get much better for regular people (especially short term), but that doesn't mean we shouldn't work to try to make it happen.
What a lot of people want to do, and I’m not saying that you’re one of them, is to assume that a positive outcome is impossible and either do nothing or loudly yell that the world is ending. Neither is particularly useful.
Or, as I said above, others just deny that there’s anything to see here and try to get people to move along.
Shane Legg (DeepMind co-founder), one of the more intelligent and thoughtful people you'll find in the industry, could only offer "it's a tough problem - we need to think about it" when recently interviewed by Hannah Fry.
On the surface the most likely outcome for AI allowed to replace jobs is extraordinarily negative, especially since it is a general capability technology, not a specific one where displaced workers can just move to another field. Once AI becomes more capable it will be able to do the vast majority of white collar jobs, including any new ones that may appear as a result of AI. As Shane Legg put it, "if your job can be done remotely, sitting in front of a computer, then it can probably be replaced by AI".
Not only does AI threaten to replace ALL the white collar jobs, but it is rapidly going after blue collar (factory jobs, driving jobs) and pink collar ones (Japanese robotics for elder-care) as well.
If a positive outcome (which doesn't include putting displaced workers on welfare - UBI) is possible, then it sure would be nice to hear it, and the silence from the AI companies, and government for that matter, is deafening.
Eventually UBI will be the norm, and if the living standards of a person on UBI is as good as yours or mine today, that will be an enormous win for everyone. It’s like pensions, once these were only for the elderly poor, now they’re a right for everyone in most developed countries.
It’s also interesting that for most of human history leisure time was the point of life, and only in recent modernity has work come to be the meaning of someone’s existence.
UBI has to be commensurate with production being automated. That’s a big logistical problem, if you think building datacenters is a challenge try bringing about radical abundance, but even so it’s not insurmountable. It just needs to be taken on as project and not seen as an impossibility.
So much of this is not about what is possible so much as what people believe is possible. We can do anything if we try.
I see comments like this tossed around a lot, but what makes you say this? Don't you think its more likely that most people end up in poverty?
See "Machines of Loving Grace" by Dario Amodei: https://darioamodei.com/essay/machines-of-loving-grace.
"Massive Economic Abundance: Because AI will exponentially grow the total economic pie, overall resource scarcity will diminish. The fundamental challenge shifts from producing wealth to distributing wealth."
So how do we go from everyone out of work, no income to spend on food, or the goods and services that the AI is producing, to "massive economic abundance"?!
It's like the meme:
Step 1: Create AI
Step 2: AI takes all the jobs
Step 3: ???
Step 4: Profit! (massive economic abundance)
What is step 3?
"Massive Economic Abundance" implies massive increase in produced goods. This implies massive deflation, ceteris paribus. So step 3 could be simply printing money to pay for UBI. Deflation from AI productivity increase and inflation from UBI money printing will cancel out.