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The share of income spent on things only a human can do will stay negligible, because new things to buy keep being invented faster than we satiate on the old ones.

Drawn from what Phil Trammell said

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What Phil Trammell actually said

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  1. Phil Trammell

    Economist working on the economics of transformative AI

    but of course, that's not what's happened, because as we've accumulated more wealth and you know, more advanced machines and and so on, we've expanded the range of things other than singers to spend our money on, and the share spent on singers has stayed sort of negligible. Um so likewise, that's sort of my central prediction about how future unfolds, though I it could go either way.

    Where this was said

    Watch from 0:13:30 plays here

    ↗The better AI gets, the smaller its share of the economy might get – Alex Imas and Phil Trammellyoutube.com

    video · 1h 16m · spoken · machine transcript

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