In this video, we analyze what is likely to happen once AGI (human-level AI) arrives. AGI will be able to replace humans in all cognitive tasks, given time. We set aside existential risk questions, and focus on how society will need to adapt, assuming that AGI development goes as planned. We identify three phases of change: increasing automation and job disruption, economic transformation, and transformation of purpose. We are currently in the first phase, job disruption.

The second phase will involve economic transformation, presumably an expansion of the social safety net as jobs get automated. We draw examples with the Great Depression, South Korea, and the world's response to COVID. Countries seem well prepared to financially respond as needed, and it's likely that universal basic income will be enacted in many places. As for what individuals can do during this process, the video recommends being politically active and not worrying about the long run.

The third phase involves humans figuring out what they will do to satisfy their need to have purpose. The lower two levels of Maslow's hierarchy of needs (those which currently require money) will be met already, and people will be free to spend more time satisfying the upper levels. The social contract between government and citizens will change, because citizens will no longer be required to put in labor in return for safety and benefits. Money might become a medium of exchange primarily between governments and companies. The video ends on a hopeful note with some advice on how to look for those other non-monetary benefits from a job when one has basic needs supported by a safety net.

#agi #ubi #socialcontract

The Pandemic and Our Broken Social Contracts
https://www.project-syndicate.org/onp...

"Artificial General Intelligence"​: Top 10 questions to ask as AGI starts becoming a reality
  / artificial-general-intelligence-top-10-que...  

Transhumanism
https://en.wikipedia.org/wiki/Transhu...

Maslow’s Hierarchy of Needs
https://www.simplypsychology.org/masl...

S. Korea’s fertility rate marks record low in 2020
https://english.hani.co.kr/arti/engli...

0:00 Intro
0:22 Contents
0:28 Part 1: What will the world look like?
0:54 Questions for this video
1:10 How people respond to AGI
1:55 Background on AGI
2:13 Replacement of human labour
2:43 Three main phases of transition
3:20 Part 2: All systems red
3:28 Interlude for book recommendation
4:19 Phase 1, job replacement and automation
4:49 Humans in the loop with AI
5:32 Phase 2, economic transformation
5:45 Expansion of social safety net
6:33 Example: the Great Depression
7:12 Example: the COVID pandemic
8:07 Safety net mitigation is important
8:32 Fracturing and then local production
9:14 Example: South Korea's economic miracle
9:44 South Korea's demographic side effects
10:30 How to prepare for economic transformation
11:06 Everyone will be in the same boat
11:58 Part 3: Transformation of purpose
12:35 Higher levels of Maslow's hierarchy
13:18 The broken social contract
14:09 Declining standard of living
15:07 How to prepare for transformation of purpose
15:45 Replicate non-monetary job benefits
16:38 Conclusion
17:19 Rapid change and universal basic income
17:58 Still achieving sense of purpose
18:45 Outro