The bridge to wealth is being pulled up with AI

3/24/2026 at 2:42:28 PM

I resubmitted this because somebody flagged the original submission for unclear reasons and it had quite a lot of upvotes in a short time.

Perhaps some people are offended by this argument, but it's definitely worthy of a discussion instead of censorship.

by dankai

3/24/2026 at 3:32:47 PM

It's because it's AI written with all the usual over-the-top grandeur and a ridiculous number of negative parallelisms.

> No regression. No noise. Just compounding.

> the transition is measured in years, not decades.

> not by decree, but by ruthless compounding.

I'm not interested in what an LLM thinks about the social implications of LLMs.

by bspammer

3/24/2026 at 7:21:39 PM

This isn't really on you but the problem I have with comments like this is that I think most people write poorly so I can't tell if those are LLM artifacts or LinkedIn-speak artifacts. I need better heuristics for these things.

by MattGrommes

3/24/2026 at 3:47:54 PM

It was flagged for being clearly botted, and I don't just mean LLM-generated (although it is also that). When I posted on and flagged the old submission, I noted that it had over two dozen upvotes in 15 minutes, despite the essay having a helpful "54 min read" indicator at the top. I truly do not believe the upvotes on these submissions are organic, and it really destroys my faith in HN that this was restored when the first one went down successfully.

(If by some chance I am wrong and this monster of an LLM-generated essay really got dozens of people instantly upvoting it from the title alone, that fact would also not give me much faith in HN, I have to add.)

by applfanboysbgon

3/24/2026 at 4:21:53 PM

I upvoted this without reading. For me sometimes the article is just the spark for a far more interesting set of comments that overshadow it. And it is really that I am voting for.

by kjkjadksj

3/25/2026 at 3:38:20 PM

I upvoted after reading a large portion. I had commented previously that the use of Gaussian math was reductive, but I think the contrasting mathematics of the two types of inheritance is interesting to consider.

by waffletower

3/24/2026 at 4:27:37 PM

That is certainly an interesting perspective.

by applfanboysbgon

3/25/2026 at 6:06:54 AM

I've done the same. Discussions on some subjects are worth having and so I will sometimes upvote because I really want to hear what the HN crowd - who are by and large pretty smart and have interesting perspectives - have to say.

by phs318u

3/24/2026 at 4:01:34 PM

You don't have to read the whole thing to upvote it.

by snikeris

3/24/2026 at 4:15:59 PM

Does the first 1/5th or 1/4th of the article provide such a compelling case that one wants to stop reading it and return to upvote it? I certainly didn't think so.

by applfanboysbgon

3/24/2026 at 10:02:05 PM

[dead]

by ankaz

3/24/2026 at 3:31:58 PM

The essay, if taken seriously, has a logical conclusion that I'm sure a decent number on this website find uncomfortable, but perhaps more importantly, which at least some people who might have disproportionate power to make such decisions prefer not be discussed too heavily. This is a microcosm of the larger phenomenon

by advael

3/24/2026 at 3:19:48 PM

Well, all of the comments on the old submissions were complaining about the essay being AI slop. I haven't read the essay so I couldn't say, but that's clearly the reason why.

by suddenlybananas

3/25/2026 at 3:58:22 PM

That's clearly the "stated" reason why.

by waffletower

3/26/2026 at 11:24:53 AM

I read the whole thing; it's definitely not AI slop. A few sentences taken out of an hour long read that are commonly used by AI doesn't mean the article was composed by AI. You'll find similar artifacts in any longer published work, including those published prior to AI.

by DustinKlent

3/25/2026 at 3:45:42 PM

While there are more excessive examples of moderation than Hacker News, "Rate Your Music" moderation is hilariously indulgent and arbitrary from my 2nd hand vantage, but moderation here and elsewhere tends to error on the side of removal and exercise of power. There is no BDSM thrill behind staying one's moderation ability. Many are attracted to moderation just as many police are attracted to their work to get the dopamine that is gifted to them by dominating others. But it might be reductive to think this moderation is tied to an individual's brain treat, and it might instead be useful to consider the host organization -- they may not feel enriched by posts that critique status quo capitalism.

by waffletower

3/24/2026 at 3:32:22 PM

Until I see median real income start to actually go down, I just don't buy it.

AI is currently a commodity. Maybe one of the labs will be able to differentiate sufficiently to be able to charge the kinds of premiums they need just to pay back their investors. Maybe, instead, we'll see something akin to the FOSS revolution, where large, high-quality, open training sets are developed to make sure there's always a fair alternative to the big players. Then who actually benefits from AI? Mainly users, not companies.

In many ways, the bar to having a competitive advantage is actually lowering. I reckon in the future, simply avoiding a crippling social media addiction that sucks up 4-8 hours of every day will be enough to get rich.

by bloppe

3/24/2026 at 3:40:35 PM

If you denominate your income in silly money such as USD, then it won't go down, probably will go up!

However if you start asking questions on how much housing medical and materials it buys, then I think it will squeeze people even more than now.

by trolleski

3/24/2026 at 3:56:31 PM

That's what the "real" in "median real income" means. It measures how much stuff you can buy, not how much currency you have. And it's been going up relatively reliably: https://fred.stlouisfed.org/series/mepainusa672n

by bloppe

3/25/2026 at 11:17:02 AM

Median is simply a 50/50 centrality measure. When you're dealing with a bimodal distribution you won't learn too much about it with median. So you need something else, e.g. Gini coefficient to characterize it.

As for the real, does it measure housing, insurance and medical as well? Does it measure the safety on the streets? Overall quality of life?

AI will strip what's left of the middle class to bare bones. And the tech lords will call it 'disruption', the fixated adolescents they are.

by trolleski

3/24/2026 at 4:40:51 PM

Median is obviously flawed here. What should be looked at is wealth distribution.

The rich are getting richer and the poor are getting poorer and anyone with any power is doing their best to accelerate this trend.

https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...

by willis936

3/24/2026 at 5:53:58 PM

Actually, median is exactly what you want. It strips out outliers. It's the "middle of the pack" person. Mean is the one that would be skewed by outliers.

And "the poor are getting poorer" is simply untrue for the last 10 years. They had a pretty bad time from 1980 - 2015, but in the last 10 years, their real income has risen faster than any other quintile: https://www.visualcapitalist.com/growth-in-real-wages-over-t...

by bloppe

3/24/2026 at 6:53:36 PM

Median says very little about distribution and says almost nothing about how the tails are doing (which are real people that are easily ignored).

That page breaks about a second after loading. It's enough time to see the graphic, but not enough to see the methodology for data collection. Can you share how that data is collected? Afaik government sources do not track real income distribution.

by willis936

3/24/2026 at 8:05:11 PM

https://fred.stlouisfed.org/series/CXU900000LB0102M (47% increase since 2021)

https://fred.stlouisfed.org/series/CXU900000LB0103M (26%)

https://fred.stlouisfed.org/series/CXU900000LB0104M (23%)

https://fred.stlouisfed.org/series/CXU900000LB0105M (22%)

https://fred.stlouisfed.org/series/CXU900000LB0106M (17%)

Yes, the bottom quintile has a lot more variance, but the argument that the poor are being left behind has been really hard to make for the last 5 years. Coupled with high inflation, which erodes the savings of the rich, they're actually getting a bigger slice of the overall pie.

by bloppe

3/25/2026 at 1:12:57 PM

There's a case to be made for "real wages" not capturing what they're meant to capture though, at least if you look at housing [1].

And this isn't even considering the productivity growth over time having a widely asymmetrical distribution, ie not captured by the median person.

[1] https://www.visualcapitalist.com/charted-american-income-vs-...

by croon

3/27/2026 at 8:59:04 AM

And the reason for the death of the middle class is regulation that was purportedly to help reduce inequality, like all manner of taxes. I think the solution is obviously to keep trying. That's not the definition of insanity, that's good old fashioned human stupidity, and unlike AI stupidity, human stupidity gets reset back to 100% with every generation. No wonder history repeats itself.

by Ferret7446

3/24/2026 at 5:33:21 PM

No, the poor are also getting richer: https://fred.stlouisfed.org/series/WFRBLB50107

You're looking at what percent of the total wealth pie do the poor get. But the pie itself is growing, and so is _everyones_ slice of the pie.

Maybe you think its an inherent problem that some people get a bigger percent of the pie than others. But its objectively untrue to say that the poor are getting poorer.

by dahfizz

3/24/2026 at 6:50:43 PM

That stat is not real income. The dollars don't matter if they buy less.

by willis936

3/24/2026 at 4:09:33 PM

I agree.

After a decade of "quantitative easing" there is still a shitload of money looking for a spot in the economy that needs it. NFTs, bitcoin mining farms, AI data centers, FAANG stocks, real estate, gold ... These are hedges (or attempts to hedge), but they add little to no intrinsic value to the world's prosperity.

They merely shift and concentrate wealth and power, for the most part.

by repelsteeltje

3/24/2026 at 3:43:43 PM

> Until I see median real income start to actually go down

I'm not sure I understand this, it doesn't feel like what I have "lived" for the least 30 years.

Median real income might not be down statistically, but the purchasing power of professional incomes relative to housing, education, and major life costs clearly feels lower than it did in the mid 90s. An inflation-adjusted six-figure salary today does not deliver the same lifestyle position it once did.

Man... healthcare costs, too. Hell, even computers! Raw computing power per dollar is cheaper than ever, but the minimum spec required to function professionally has risen so much that the real cost of staying technologically current feels higher.

by apercu

3/24/2026 at 5:47:28 PM

According to a random inflation calculator I found with a lazy Google search, $50,000 in 1996 is about $106,000 today.

Was $50,000 a lot of money in 1996? Did it afford a nice house in a good neighborhood? Or is it that 6 figures just isn't what it used to be?

by BobaFloutist

3/24/2026 at 9:33:51 PM

I had my first house built in the burbs of Atlanta - 2700 square feet 3-2 and a bonus room for $170k.

Going by the house shouldn’t be more than 3.5x your income. That puts the necessary income less than $50K.

Heck I had my second house built in the northern burbs of Atlanta in “the good school system” for $335k in 2016. We sold it in 2024 for exactly twice the price.

by raw_anon_1111

3/25/2026 at 2:20:38 PM

I bought my first house in the 90s on a 65k base salary in an ok neighborhood in a great city. Anecdotally anyway.

by apercu

3/25/2026 at 2:24:32 PM

Sure but you have to run AI on something and today that's basically limited to multi-thosand dollar hardware - the price and effort to entry has to come down to make it make sense for normal consumers to move it out of the cloud to local.

by hypercube33

3/24/2026 at 3:47:56 PM

I'm with you. If we all have access to AI then how is that a bridge being taken away?

Doesn't that mean that a single person can more easily disrupt the status quo?

All this stuff about genetics... I just don't think it's relevant at this point. Average intelligence and access to the internet is what most of the world has.

It's the systems of money and law that are taking the bridge away not AI. But someone could invent new systems to replace the ones that don't serve the 99%

Will most people go that far? Probably not. But the bridge is still there - unless they take the AI models away entirely.

I think the only way the rich can stay rich with ai is if they just use AI to convince people that they can't do anything themselves. After all that's what the last century was about with respect to capitalism.

by tim-projects

3/24/2026 at 4:01:24 PM

I think my concern would be if the relationship between model intelligence and inference cost was altered very significantly. I sort of feel like we got lucky that AI isn't arbitrarily scalable in a single instance

(i.e. if you could run a single LLM on an entire datacenter and it just immediately becomes a super genius versus running it on the minimum viable hardware i.e. some form of quantization on a local machine.)

Obviously there's a sort of goldilocks zone / most appropriate substrate for an LLM to run on somewhere in between those two extremes (small cluster of tightly coupled flagship GPUs)

So luckily enough the economics appear to work out to make that at least conceptually viable for even private members of the public to afford access to the same order of magnitude of LLM intelligence. But we're already seeing some departure from that.

My concern would be if this curve was altered significantly by a new algorithmic approach beyond or instead of Transformerd such that someone with $200,000 to spare could achieve just like a completely categorically different quality of work, massively magnify their existing wealth advantage, because this would be a threat of the sort being discussed above, namely a pathway to a severe form of modern Feudalism.

by tengada1

3/24/2026 at 9:40:06 PM

[dead]

by Balgair

3/24/2026 at 3:36:25 PM

You can't just look at real median income. You also need to look at other factors like wealth inequality, housing prices and health care.

by shafyy

3/24/2026 at 4:56:55 PM

Well, I think in the context of the parent comment, separating out housing would risk overstating changes in its effect on purchasing power because increases to housing would already be captured by inflation (since we're talking about real median income, which is already inflation adjusted)

I agree that housing affordability is a major problem and that looking at it independently could help you quantify if housing specifically has become more unaffordable, but that's a different question then whether the median person's overall purchasing power has declined (considering all of housing, healthcare food etc)

by Antoniocl

3/25/2026 at 1:27:18 PM

Yes housing prices are captured by inflation, but since housing prices are so different from region to region and city to city, just looking at a country-wide average median income does not say much.

by shafyy

3/24/2026 at 4:13:47 PM

housing prices and health care are captured by the "real" part of "median real income". Inequality is not, but as long as everybody is getting richer, I'm less concerned about inequality.

by bloppe

3/25/2026 at 1:22:53 PM

Inequality is still important even if everybody is getting richer (I disagree that everybody is getting richer, but that's a different discussion). Because wealth and power concentrated in the hand of a few means that a few have outsized influence on politics and society, which is very much eroding the fundaments of how a democracy is supposed to work.

Furthermore, there are many studies showing that more wealth inequality results in more consumption in a society. Which is not good for many reasons.

by shafyy

3/24/2026 at 3:56:41 PM

> Until I see median real income start to actually go down, I just don't buy it.

Assuming you're intending "real" to mean the technical definition of "real" which is "adjusted for inflation", its basically been flat since 2019*, and that's using the government's inflation measures which abuse things like basket substitution and other hacks to hide the actual increases in the true cost of living. If you made better assumptions about inflation, you actually would see that median real income is down dramatically already over the past several decades.

Here is a recent video on some of these measurement biases: https://www.youtube.com/watch?v=0B4tgG-CGXU&t=1s

Source: https://fred.stlouisfed.org/series/MEHOINUSA672N

by adverbly

3/24/2026 at 4:01:40 PM

Your assertion that it's "flat" is rather unconvincing after looking at that graph. It's clearly been rising relatively consistently. The dip for covid I think is especially understandable, and it's currently higher than it's ever been.

Maybe your personal expenses are not reflected by the CPI, but you can see for yourself: https://www.bls.gov/cpi/tables/relative-importance/2025.htm

44% housing, 8% medicine, 14% food. I don't see how these number are manipulated to the point of malicious data picking. They also publish their methodology.

by bloppe

3/24/2026 at 4:03:51 PM

Are you blind?

2019: 83260

2024: 83730

by adverbly

3/24/2026 at 5:35:39 PM

It dipped during the covid recession and then recovered to an all time high. Is this your first time looking at an economic chart? It doesn't need to increase every quarter for it to have a very strongly increasing trend.

by dahfizz

3/24/2026 at 4:11:37 PM

If you actually look at the rest of the graph, you'd quickly notice that 2 year dips are entirely normal. The overall trend is consistent. And it's risen over 5% in the last 4 years. Those are the 4 years since ChatGPT.

by bloppe

3/24/2026 at 4:09:35 PM

2018: 77700

by demaga

3/24/2026 at 3:38:10 PM

Leaving aside the sloppiness of the article, I think a lot of the behaviour in recent memory around crypto and meme stocks, and to an extent the whole rotating bubbles mode that markets seem to be in, can be attributed to this general trend.

It's harder and harder to see the traditional path from school to work to some acceptable level of family wealth as being effective/worthwhile, and so we see different flavours of roulette-with-more-steps capturing more of the population's attention.

by jddj

3/24/2026 at 3:47:32 PM

10/10 - also brings to mind Peter Turchin theory of elite overproduction and the immiseration of the masses.

by trolleski

3/24/2026 at 3:45:58 PM

No way to approach this other than gross simplification, but we have seen generally that as technology improves, standard of living goes up. Autonomous machines breaking that trend, maybe, the only argument I find persuasive is that it makes the centralisation of power easier.

by alansaber

3/24/2026 at 3:56:47 PM

Do you think people are happier now than they were in the 80s/90s/00s?

I don’t think so, at least not in the us. Granted I was younger during those times .

by pylua

3/24/2026 at 4:02:00 PM

Yes, dramatically so. The 1980s and 1990s sucked, we live in the future.

by zozbot234

3/24/2026 at 4:41:12 PM

I was very much there during the 1990s, people were median happier than in 2026.

Unless you mean globally, in which case it's near impossible to tell. But GP likely meant the US or Europe.

by deaux

3/24/2026 at 5:15:05 PM

> But GP likely meant the US or Europe.

Reminds me of movies "Aliens attack Earth. By Earth by obviously mean USA. By USA we obviously mean New York City. By New York City we obviously mean Manhattan.".

Half of Europe was literally undergoing complete economic collapse in 90's.

by anal_reactor

3/24/2026 at 5:22:40 PM

Your supposed connection of country-level economic situation and happiness reminds me of this great comment:

"I can't stand the conflation of "satisfied" and "happy." It's insane. There is more happiness in one Zimbabwean (country "happiness" rank: 143) than in one hundred Icelanders (country "happiness" rank: 2, worldwide antidepressant consumption rank: 1.) Go stand in a crowd of people and count the fucking smiles and the fucking laughter.

"It is all part of this broader wave of newspeak. If you can quite literally redefine happiness, you can redefine anything. Nothing has meaning anymore. You will live alone, you will consume antidepressants, you will be protected from the sunlight, you will not smile, you will not laugh, and you will be happy." [0]

[0] https://news.ycombinator.com/item?id=46295573

by deaux

3/24/2026 at 5:52:54 PM

Hmmmm maybe economic success removes discomforts which removes unhappiness but this means that moments of happiness don't feel as good compared to the baseline. Like, people in rich countries are more stably content, while people in poor countries have more emotional variance over time.

by anal_reactor

3/24/2026 at 7:46:03 PM

Which half?

by tasuki

3/24/2026 at 4:12:50 PM

Look at home prices and then tell me it sucked.

by kjkjadksj

3/24/2026 at 4:21:19 PM

What home prices? There are many places (second-rate cities or rural) where home prices are just fine. Not everyone has to live in SF.

by zozbot234

3/24/2026 at 4:50:02 PM

We periodically see posts on HN about the 'loneliness epidemic' and simultaneously the solution for home prices is to live in a rural area where you have maybe two neighbors and it's a 30-minute drive to see your friends or colleagues.

As someone who grew up in a rural area I don't miss it and I think people who call it a good standard of living have interesting criteria. That cheaper rural home also comes with secondary costs, like a longer commute.

by kg

3/24/2026 at 4:40:24 PM

Housing prices are not binary: they have skyrocket in every major city and city-adjacent suburb. The middle class has consistently declined since the 70s.

by cheesecompiler

3/24/2026 at 3:53:26 PM

> , standard of living goes up

For some of humanity, perhaps. For the rest of the planet being destroyed, warmed up, bleached, demolished, turned into data centers, all this technology is destructive.

by miltonlost

3/24/2026 at 5:05:04 PM

The opening paragraph bothers me greatly. "multiply a gaussian and a power law, the power law dominates." They literally are distributions of different variables, why would you "multiply" two different distributions that exist on different domains!? The example they're using as an opening is very wrong, it makes no sense and makes the author sound incompetent.

Even if I get the point they're trying to make (if I try hard to find it), the very fact that they don't even know how mathematics in the "mathematical" part of their opening does not inspire confidence in the rest of the essay. It's very hard for me to move past the opening after the very first few lines!

Perhaps this is just because I'm a scientist, I'm surprised no one is picking at this because I feel insane reading this and this not being the first nitpick at the top of every comment. The correct way you're represent this (dist of "life outcomes", whatever that means) is that it would be a 2D histogram with IQ and wealth on the different axes. But this is not "multiply the two" wherein "one would dominate".

by noobermin

3/24/2026 at 6:20:40 PM

Cool, I'm a scientist too w a PhD and everything, I just don't make a big deal out of it - unlike you it seems. Granted, distributions don't get multiplied, random variables do. Funnily enough the essay's actual model (log(Y) = 0.35·zIQ + 0.45·zW + ...) is additive in log space, which is multiplicative in outcome space. The preface language is loose I grant you that but the formal model that appears later is well defined. Not sure what you want to say with a 2d histogram. We are modelling, not visualizing.

by bayeslaw

3/24/2026 at 4:13:52 PM

>"Wealth passed through property law: wills, trusts, title deeds, institutional relationships. No regression. No noise. Just compounding."

Slopspeak detected.

by gradus_ad

3/24/2026 at 3:38:49 PM

Commenting strictly on the metaphor in the title: Did you mean to say ladder? Bridges don't get pulled up.

Edit to say: Yes I did think of drawbridges. And Batman is a scientist. But drawbridges are simply "opened" or "raised," and the implication always is that it's temporary and they will soon be "closed" or "lowered." Though they can be sabotaged in the open position.

All right fine, OP please change your title to "The drawbridge to wealth is being raised and then permanently damaged so it can't be lowered, by AI."

by rdiddly

3/24/2026 at 3:46:02 PM

https://en.wikipedia.org/wiki/Drawbridge

by kleiba

3/24/2026 at 3:46:45 PM

Maybe the author os thinking of a drawbridge (moveable bridge)?

by yomismoaqui

3/24/2026 at 6:28:50 PM

Finally a useful comment. Thank you :D

by bayeslaw

3/24/2026 at 3:45:01 PM

Drawbridges do

by zarzavat

3/24/2026 at 4:46:44 PM

Interesting points, made in florid style. I'd make the point a little differently, though -- in the next n years, you want to be on the side of capital. Labor is in for a really tough time.

Missing from Daniel's analysis is total economic output, and I think this really matters -- when we think of Optimus launched and at scale, do we think of total GDP growing, shrinking, being stable? A lot of what someone thinks about this question will tie directly to their predictions and mental/emotional focus.

I think of GDP growing - we will be turning stuff into the ground into something that works for $1/hr on all manner of tasks - we're going to be able to do a lot more stuff than we were. As Daniel points out, a company is going to own a lot (by no means all) of that economic benefit. By some miracle of our modern markets, you too could own some of that benefit, just by buying into the company.

The "mercantilist labor" view is less rosy: if there's a limited amount of labor to go around then this will be directly siphoning off living wage and (to the point of the essay) excess capital that could go into building dynastic wealth.

From my viewpoint, I think Daniel's charts would get a little bit less alarming for the non-dynastic scenarios if they imagined GDP increases along the way. They probably push up the sharpness of an inflection point.

by vessenes

3/24/2026 at 6:36:28 PM

Hey thanks for reading and for leaving a considered comment. You might be right, we'll see. In my mind, GDP growing isn't really that reassuring: 1/ GDP has been growing steadily while people's happiness and overall satisfaction is flat lined or finishing (so even if this was true it won't lead to better lives lived at scale) 2/ it's more interesting to look at the ratio of labour wages / GDP. I actually make a prediction about this and that has been shrinking already. If it continues (which I think it will) even if everything grows ppl will be unhappy and unsatisfied bc a large part of our self worth is coming from comparing ourselves w the ppl around us in the wider society. This is why more equal societies tend to be happier as well.

by bayeslaw

3/24/2026 at 6:46:00 PM

Back at you! Writing's always work, especially with cool graphs.

1 - Agree this is true for real-earning-loss countries, recently. (as in last n decades)

2 - I agree this will keep shrinking. I moderately disagree with the 'comparative happiness' assessment.

It's that second bit that I think is an important prior for you to mention - there's an old (sexist, outdated, etc.) riddle: "A woman lives on Park Avenue and her husband makes $500k a year as a lawyer. She's miserable. Why?" Answer: "Her neighbour's husband makes $2mm."

I agree humans covet. On the other hand, there are real non-GDP type considerations for human happiness and comfort - for instance, I would guess nearly any French peasant in the 1820s would switch lives with 90% of western world residents. Maybe more. The peasantry in the early 19th century was, by population the vast majority. You can get at a lot of non-GDP quality of life benefits that genuinely impact people: anesthesia during surgery, GPS, air flight, ...

So, I propose generally humans want to be doing better than they used to, personally, and at least as well as their neighbors -- and if that's okay, they are historically totally fine with a ruling class, and susceptible to messaging that the ruling class is the ruling class for good reason. If they are doing less well than they used to, we have real problems.

To my mind if robots bring us bread and circuses, we'll have stability. (And super-wealth accumulation for capital). If robots bring us 40% unemployment, we'll have revolution. The funny thing is, those two outcomes are really just about social decisions by governments. So, I think we'll see a few different takes on this; over one hundred years, I think humans are going to figure this out. In the interim, we are likely going to see two early hot takes: US and China, and probably really different takes on how robots and AI can fill out the social contract.

Put another way - if we are headed to post-scarcity, what do we want to do with the excess?

by vessenes

3/26/2026 at 11:49:08 AM

Total GDP increasing isn't a good measure of economic growth or productivity because it doesn't distinguish between productive value creation and money just changing hands. If I cut your hair and charge $50 and you cut my hair and charge $50 then $100 is added to the GDP. Sure, value is created by the transaction, but value would be created if no money changed hands at all thus not even affecting the GDP! GDP can also rise even as most people are doing poorly. A billionaire buying a superyacht adds the same amount to the GDP as 500 families buying their first home. You can have a growing GDP even in a society where the top .1% have 99% of the wealth, but that's not a society I'd want to live in.

by DustinKlent

3/24/2026 at 3:43:34 PM

A rebuttal: the institutional and experiential barriers to wealth generation can be overcome with AI unlike any other technology before. Consider: someone wanting to start a business previously had to negotiate tremendous legal/compliance/technological hurdles. The prospect of going alone given these is very intimidating so most without wealth or connections didn't. Their good ideas languished. Now, everyone has a knowledgeable and forgiving partner and guide.

by gradus_ad

3/24/2026 at 4:43:07 PM

Rebuttal: we are yet to see this actually materialize beyond the theoretical fantasy. We have seen this with computers and internet already: the supposedly democratic technology consolidated in a few platform monopolies.

by cheesecompiler

3/24/2026 at 5:05:03 PM

Whether or not AI consolidates (even more than now) is irrelevant. The tech is extremely useful as a catalyzer of ideas and stimulus to action.

by gradus_ad

3/24/2026 at 3:57:17 PM

Let's see how true this is once the era of VC-subsidized AI ends. A 10x increase in frontier model cost is an entirely reasonable outcome given that Claude code is rumored to allocate up to $5K in compute for a $200/mo plan.

The losses fueling these companies is staggering and will not last.

by CodingJeebus

3/24/2026 at 3:52:43 PM

> Now, everyone has a knowledgeable and forgiving partner and guide.

Well, everyone who can afford the $500/month ultra max pro plan to access unlimited ad free LLMs

by MeetingsBrowser

3/24/2026 at 4:24:35 PM

"The window described above is not a metaphor. It is an arithmetic deadline...The window is not a metaphor for someone at your coordinates. It is a number."

9 to 1 bet that this is written by AI (perhaps proving the writer's point that he is being displaced).

I think AI is great, but I wish people would just post the prompt they gave instead of the full length decompressed essay. Much more efficient information transfer!

by highfrequency

3/24/2026 at 4:28:49 PM

I think it was AI-assisted at the very least. Nothing wrong with that, but it's always a good idea to make another pass to identify and remove LLM "tropes".

by enraged_camel

3/26/2026 at 11:51:16 AM

I think that writers may stop using "It's not x, it's y" analogies in their writings because every time they do, someone calls it out for being AI. Same with "Em Dashes" and such.

by DustinKlent

3/24/2026 at 7:02:56 PM

The article says it's from first principles and looks pretty deep, and I didn't have the time to exhaustively read it myself, so I used my side project concludia to try and analyze and graph the argument... you can see the argument graph here if you're interested in that kind of thing.

https://concludia.org/step/6f3cbaa2-65d4-3c44-8c1f-23f6ddf2b...

Reading the thread below, I'm always curious where in the argument the various counterpoints would attach. Like if a counterpoint is fatal or just an offshoot. I didn't have the system try and semantically analyze it for flaws/counterpoints yet, I just tried to get it to depict the article's reasoning. Not sure yet how good a job it did.

by tunesmith

3/24/2026 at 9:22:22 PM

Cool concept.

Have you considered submitting a Show HN post?

by swed420

3/24/2026 at 10:10:55 PM

haha. Nervous to. :)

by tunesmith

3/24/2026 at 11:48:39 PM

Understandable.

For awhile now I've wished for a tool like this, except it would also incorporate previous discussions that match the same/similar node sentiments in order to encourage group dialogue that builds on previous discussions instead of mindlessly re-hashing them ad nauseam like you see on most platforms these days.

Also, breaking points down into discrete pieces like you've done is reminiscent of the pol.is platform that vTaiwan leveraged, except theirs was pre-AI with whatever limitations that would have brought.

by swed420

3/24/2026 at 5:18:38 PM

> They are illustrations of a general principle: the legal inheritance channel compounds while the biological one reverts.

All this pseudo-math relies on the fact that family wealth strictly compounds and does not decrease or revert to the mean. But that is not true. Economists study this, and the exact numbers differ but family wealth _does_ revert back to the mean in just a few generations. Wealth does not stay in the same family compounding forever.

https://www.jstor.org/stable/10.1086/378526

https://bnh.bank/wp-content/uploads/2023/05/Heres-to-Your-We...

by dahfizz

3/24/2026 at 6:27:57 PM

Fair point on the rhetoric: "no regression, no noise, just compounding" overstates it a bit. Individual family wealth does dissipate across generations. The model actually reflects this: η=0.85 inheritance fraction, threshold gating that blocks compounding below ~$20k, and a residual term that captures the noise and bad luck - which your sources are measuring.

The stronger claim of the essa is different from "any given dynasty compounds forever." It's Piketty's r > g: capital returns have systematically outpaced economic growth, so the wealth class maintains and grows its share even as specific families within it churn.

by bayeslaw

3/24/2026 at 3:34:02 PM

> bridge to wealth

Not only wealth, many human beings will be "sterilized" by social networks and AI.

The "bridge" and another name in biology: cellular differentiation

Imagine every human individual is a cell. Every cell had all the equal potentials, we were all stem cells until the year 2026.

The whole world is now turning into a multi-cell organism connected by business, information and AI.

Many of us may turn into somatic cells one way or another.

Which kind of cell lives better? I wrote a blog in Chinese on this https://blog.est.im/2026/stdin-03

by est

3/24/2026 at 4:15:14 PM

> IQ → credentials → income → heritable wealth

This doesn't make much sense. Lots of people with high IQ don't have high income because they were born in the wrong country.

by pier25

3/24/2026 at 4:24:09 PM

Relative to the peers in their own country they usually do. Globally, yeah people get shit hands. That is why doctors leave their countries, go through the trouble to relicense and practice in the US.

by kjkjadksj

3/24/2026 at 4:29:10 PM

> Relative to the peers in their own country they usually do

What about people born in the wrong neighbourhood or even the wrong family.

I have a hard time beleiving IQ is a strong predictor of income. Anecdotally I personally know a lot of dumb people who make a lot of money and intelligent people who don't.

If anything I'd say social skills are probably a better predictor of income.

by pier25

3/24/2026 at 5:23:48 PM

Obviously it's "on average". Of course not every single person will be ranked by their IQ.

I know a 5'3" guy who played in the NBA.

by newfriend

3/27/2026 at 3:43:26 PM

I’m not so sure wrong neighborhood/wrong family is that much of an issue in the US. There are a lot of routes out of that if you dig into athletics or schooling which higher iq people probably realize and tend to do. Even military can be a good choice. Full ride scholarships especially from marginalized backgrounds to qualified people really aren’t all that rare. Schools pride themselves on uplifting just that sort of student. And you can do military reserves and get school for free for the cost of the occasional drill, if you aren’t much of an athlete or scholar.

by kjkjadksj

3/24/2026 at 2:43:40 PM

Yep it is definitely being pulled up. The economy feels more winner takes all than ever. After this transition how can anyone without existing capital and moats compete?

by SilverElfin

3/24/2026 at 3:02:05 PM

The piece gets into that in extensive detail that you should totally go read, but the long and short of it is that even those without capital and moats still have the power of writing law, and we need to exercise that early and often to redistribute capital before its concentration leads to legislative capture.

In other words, the obligations of those without Capital is to write laws that demand the benefits of Capital be shared with all.

by stego-tech

3/24/2026 at 3:19:05 PM

> before its concentration leads to legislative capture.

Oops! 16 years too late, at least here in the USA.

https://en.wikipedia.org/wiki/Citizens_United_v._FEC

by georgemcbay

3/24/2026 at 3:24:00 PM

Counterpoint: Lobbies, fund-raising and SuperPACs. Those without capital lack the influence that those with capital possess with lawmakers.

by glitchc

3/24/2026 at 3:58:08 PM

Double Insulation was dire in the early 20th century as well. It works great for self-serving elite politics until, to stretch the analogy, the voltage gets high enough. Then it breaks down.

by smallmancontrov

3/24/2026 at 3:20:26 PM

> those without capital and moats still have the power of writing law

If the divide is over who can write code and who can write statutes enforced by the state, it's obvious that the latter is the one that requires capital and moats, while the former does not.

by jMyles

3/24/2026 at 3:17:42 PM

> before its concentration leads to legislative capture

This already happened

by achierius

3/24/2026 at 3:20:03 PM

We fixed it before and we can fix it again. We need another Roosevelt.

by smallmancontrov

3/24/2026 at 3:25:38 PM

I wouldn't rely on a single human being to fix this kind of issue. It's only solvable through massive collaboration and communication among those who want to fix it.

by skyberrys

3/24/2026 at 3:37:38 PM

This is not the history of politics.

Movements that ignore the need for a charismatic leader fail, often spectacularly. It's why for example occupy wallstreet was such a laughable failure. Who was its leader? Is the human megaphone a species of "massive collaboration and communication"? Can you name me one leader from that movement who was nationally recognized as such?

Strong leaders are always required. Such people reduce the cost of messaging and communication which would otherwise be insurmountable to cohere a movement and actually make change. You don't elect a mob. Find leaders you trust and spread your conviction without apology. Roosevelt was not Roosevelt until after his works were done. We don't need some amorphous "massive collaboration and communication" we need to elect leaders who will fight for what we believe. So many of your friends, family and neighbors are willing to elect sell-out leaders. You could start there, that is if you actually want to fix the problem rather than invent new ones.

by pear01

3/24/2026 at 4:50:40 PM

> It's why for example occupy wallstreet was such a laughable failure.

This claim is enormous. I would instead argue that the movement lacked cohesiveness because it basically complained about too large a set of (correctly identified as interconnected) issues and lost momentum because the surface was too large.

That said, I agree w your point about a face being important. Even in software, where tech can speak for itself, we see this heavily: Torvalds, Matsumoto, van Rossum, Jobs,

by cheesecompiler

3/24/2026 at 3:56:10 PM

...which is typically done by building a movement around a leader who represents the values a movement wants to achieve.

FDR is a good example of an American leader who made substantive, wildly successful, left-leaning policy changes that ushered in decades of prosperity and (in part) last to this very day despite facing heavy opposition from the business elite of the time. They even tried to coup him!

At the time, the long term trends were dire for the American left. Double insulation was strong and getting stronger. Then the Great Depression hit. Around the world, populists and radicals were elected to office, and one way or another they changed things. In America, we managed our reform process without trying to conquer the world and without starving millions. Not Hitler, not Stalin. Roosevelt. I think that's a worthy goal to aim for again this time around.

by smallmancontrov

3/24/2026 at 4:20:12 PM

Perhaps I mean to ask a question then, how did FDR manage to become such a widely heard leader back then with so many less ways for people to talk together? Did it make a bigger difference that he had to exist as someone people spoke to other people about? Shouldn't it be easier to find these leaders with so much more access to everyone nowadays?

by skyberrys

3/24/2026 at 4:40:55 PM

Communication friction is only one cost of running a campaign among many, so the structure of parties and campaigns and primary / general elections has largely remained the same. Even if the technological barriers went away, I suspect the human factors would still hold up the structure because only so many people are willing to spend years of their life building legitimacy and promoting a political platform and each voter is only willing to spend a certain amount of time participating and choosing.

by smallmancontrov

3/24/2026 at 5:07:14 PM

Exactly how that may have played out in the last century could be explained by many, many chains of causes and effects. But it wasn't a great leader that made it happen. At the bottom of everything, I believe it was this:

Decades of Famine, Pestilence, War, and Death destroyed not only capital but huge swaths of the labor pool. With labor at a premium, it became more valuable and power shifted.

I think that without a similar apocalypse, it will not happen again.

by metalliqaz

3/24/2026 at 8:06:59 PM

Yes, economic disaster is the driver (tangential: a lump-of-labor supply shock was not the transmission mechanism), but big political movements always happen from the pieces lying around. Everyone can feel that a disaster of one form or another is coming. We need to make sure the right pieces are lying around.

by smallmancontrov

3/26/2026 at 11:59:51 AM

"the obligations of those without Capital is to write laws that demand the benefits of Capital be shared with all."

How do you propose they do that exactly?

by DustinKlent

3/24/2026 at 3:33:50 PM

Sounds like a good way to ensure less capital in total.

by rmah

3/24/2026 at 3:17:09 PM

> even those without capital and moats still have the power of writing law,

In the country where I live, politicians pass laws to serve their corporate donors, not the voters. This results in regulatory capture, as the law works to protect the already-entrenched players. Democracy is just another institution co-opted by money.

I don't see any realistic way to use democracy to get out of this.

by hackyhacky

3/24/2026 at 3:19:34 PM

Especially with the way “the law” works now-a-days:

Donors, lobbyists, and ring kissers driving what’s instituted.

by 0x4e

3/24/2026 at 3:15:58 PM

the key part is 'more than ever', earlier the first world was happy with the status quo in general

by newyankee

3/24/2026 at 4:53:30 PM

One thing I observed recently are all of the boarded up garage attendant offices/booths. I suppose automated ticket kiosks, and security cameras have made that job redundant.

But I wonder where did those employees wind up? Amazon warehouse picker? Delivery driver? The replacement job needs to be of commensurate skill and intellectual level.

I’m not a believer of up skilling. Quite the contrary, it seems that education is going in the opposite direction.

by drivebyhooting

3/24/2026 at 3:22:47 PM

>Most of the traits you were born with - intelligence, conscientiousness, height, bone density, grip strength, resting heart rate - follow a bell curve.

Is this written by AI?

by lagniappe

3/24/2026 at 4:53:15 PM

>No regression. No noise. Just compounding.

it seems like half the articles I click on here are generated, and in half of those, nobody in the comments seems to notice (or care)

by 0xDEFACED

3/24/2026 at 3:32:14 PM

Why? The dashes?

by profunctor

3/24/2026 at 3:57:06 PM

The shear volume of writing, the false rigor and vestigial artifacts (preface, interactive charts, MORE filler hidden behind accordion dropdowns) are a tell. I would be more annoyed but I'm fascinated by this kind of false productivity that AI is encouraging.

I don't agree with the conclusion anyway, as AI is CURRENTLY providing wealth to me with side projects that wouldn't have been possible to take on 2 years ago.

by sp1nningaway

3/24/2026 at 4:45:18 PM

Yeah, after two paragraphs, my eyes started skimming it due to low signal-to-noise ratio.

by Kubuxu

3/24/2026 at 3:39:13 PM

There are lots of subtle LLM-ism sentence structures that you can perceive, sort of subconsciously. Spend any amount of time with Claude and you'll unconsciously start to copy them.

This essay has several: Sentence structures, heading phrasing, and yes, dashes. I expect people know to start steering LLMs away from em dashes at this point though.

by thrtythreeforty

3/24/2026 at 3:32:34 PM

Probably some AI assistance was involved. Though you'd expect em dashes above, for example. A better example would be "No regression. No noise. Just compounding." It's not so much as to bother me, and I'm often annoyed by the ever-expanding tide of slop.

by pegasus

3/24/2026 at 3:56:43 PM

>Large language models already match median professional performance on the routine tasks that constitute a large fraction of professional billing across legal research, financial analysis, software engineering,

Another article that vomits 1 billion words assuming that agi had been achieved. If you have the audacity to question this claim, what value will be left from this pile of words?

by heliumtera

3/24/2026 at 3:39:42 PM

The sims are really well done, the dynasty simulator especially. You can actually stress-test the argument instead of just nodding along. Appreciate the craft.

I have issues with the economics though. The income model is calibrated from three separate literatures that were never estimated together. Different samples, different decades, different identification strategies. Then the big move, βIQ drops to 0.10, βW jumps to 0.65, gets asserted as a scenario and fed into the simulator like it’s an empirical result. The interactivity makes it feel rigorous but you’re mostly just exploring the author’s priors.

The skill premium has survived every automation wave we’ve thrown at it, including ones that felt just as terminal. ATMs didn’t kill bank tellers. US teller count went from ~300k to ~500k between 1970 and 2010 (see Bessen paper), because cheaper branches meant more branches.

The essay waves off Jevons with “human attention is fixed” but US legal spend is ~$400B/yr against ~$100B in estimated unmet need (LSC data). That’s 25% latent demand just sitting there at current prices. I would see that as saturated.

The “27.5% programmer decline” is doing a lot of work. BLS SOC 15-1251 (“computer programmers”) is a narrow legacy bucket that excludes software devs, DevOps, ML engineers, all of which grew. Total software dev employment (15-1252) was up in 2024 vs 2022. Classification artifact, not a labor market signal. And the historical base rate on “this time the bridge closes for good” is… zero. Power loom, ag mechanization, manufacturing to services, analog to digital,etc. each killed the old skill-to-capital channel and built a new one within a generation. You can’t just assert AI is different from all prior GPTs, you have to show the mechanism that prevents a new channel from forming. The essay doesn’t really do that for me.

The assortative mating argument cuts against itself imo. If credentials lose signal value, the institutions where sorting happens (elite unis, professional firms) lose sorting power too. The essay predicts mating shifts to “wealth directly” but… how exactly? Credentials were legible because institutions verified them. Strip the institution and you’d expect noisier matching, not tighter. The Fagereng et al. paper it cites is Norwegian data, which has among the lowest wealth inequality in the OECD. Not obvious that translates.

Again I generally like the writeup, and I think the essay is right that capital returns are pulling away from labor income and AI accelerates it. But “the bridge narrows and the crossing gets harder” is the defensible version. “Closes permanently within a decade” requires believing something unprecedented will happen on a specific timeline..

by 7777777phil

3/24/2026 at 6:58:25 PM

Thanks for the detailed reply, really appreciate it!

Re post agi world and coefficients: yupp totally agree. This isn't proper modelling. I just wanted something I can play around with to test my intuitions.

Re Jevons: ok let's say that latent demand is freed up. It's bounded by human purchasing power and the rate at which humans can actually consume the output.

Re programmer jobs, point taken, thanks for the clarification, I'll actually look this up properly. However there is other evidence suggesting that not all is well either https://digitaleconomy.stanford.edu/app/uploads/2025/11/Cana...

Thanks again for reading!

by bayeslaw

3/24/2026 at 4:28:26 PM

I bounced off of this article because I didn't like the conclusion, then provided myself a rationalization that it was probably mostly AI generated. What inspired you to engage with the article more deeply? You agree with the conclusion, but not with any of the supporting arguments.

I'm also fascinated by your compliment on of the dynasty simulator, which I found completely inscrutable. What kind of background knowledge would help understand it, economics training?

by sp1nningaway

3/24/2026 at 4:46:37 PM

The parent comment reads as an LLM to me as well.

by cheesecompiler

3/24/2026 at 4:45:34 PM

[dead]

by 7777777phil

3/24/2026 at 4:34:45 PM

HN's users are probably the most measured and considerate on the internet, and even here it is difficult to talk about things like this with any degree of nuance.

Maybe that is itself a sign of the widening wealth disparity. Even smart, normally tepid, people fall into extremes when wealth is discussed.

by BobbyJo

3/24/2026 at 5:50:17 PM

Yes, it is a sign of the widening wealth disparity. It's hard to stay moderate when your identity, security and existence is increasingly being threatened.

by hootz

3/24/2026 at 4:39:54 PM

When the wealth disparity is extreme, discussing it in an extreme manner is not extreme, it's normal. Just like how in 1943, an allied conversation on how to massacre Axis troops as quickly and efficiently as possible, would in no way have been extreme.

by deaux

3/27/2026 at 9:39:02 AM

The premise of the article Is so easy to refute that it makes any conclusions drawn ridiculous.

Wealth and intelligence aren’t correlated at all. Wealth and education are quite strongly correlated but education isn’t intelligence.

by MrSkelter

3/24/2026 at 4:04:03 PM

It's possible that this is true generally, but it disproportionately affects legal, peaceful paths to power. Knowledge work is definitely not the only means to secure wealth or power through intelligence, but crucially, it is the one that currently hits the sweet spot of plausibly securing wealth and sanctioned and legal in a peaceful society. It's possible "AI" or some other technology that's been invented recently or is currently being invented closes all paths to shifts in power, but if the hype about replacing knowledge workers is to be believed, it will certainly closes the peaceful paths considerably faster, and this seems pretty bad for everyone

by advael

3/24/2026 at 3:25:54 PM

This is when I ask sincerely: how does AI truly benefit the average Joe?

Sure it can help you do things “faster” and it can give you “private/cheaper” advice.

But, AI feels increasingly like a thing that will make the powerful a lot more powerful with their data centres and automation shenanigans.

All the hype feels like it’s being injected into everyone’s brain like a virus. Oh look at this shiny new tool! But, how does it actually improve everyone’s life? We’ve gone from AGI to tokens as a service.

Sure, it might cure cancer, but… that’s just uncertain. Sure, we’ll go to space, but… we sure have many problems at home.

I’m completely divided here. I love using these tools, and it makes work enjoyable. But, like we read recently “you’re not your work”.

by 0x4e

3/24/2026 at 3:41:55 PM

> How does AI truly benefit the average joe?

Automated production of goods and services means more goods and services to go around. From cheaper prices on all of the things people already buy to unlocking new classes of products like actually useful robotic helpers. Increased pace of development and reduced cost will make many niche products economically viable, essentially the maker movement on steroids.

by TGower

3/24/2026 at 4:06:58 PM

I genuinely don't want to be snarky but does the average joe needs a planet that is breathable and isn't burning or does he need even "more goods and services to go around".

Robotic helpers to do what ? More free time ?

We, as a society, can already have more free time, we just have to choose to work less. We already have it all : enough food and housing for everybody, 80+ years of life expectancy ... What will we achieve with robotic helpers or whatever new goods and services ?

by pjerem

3/24/2026 at 4:25:51 PM

> a planet that is breathable and isn't burning

This is a perfect example of something that can benefit greatly from abundant goods and services. Driving the cost of solar panel manufacturing, supply chain included, and deployment. Enabling continuous monitoring and fast response to GHG leaks or forest fire starting. Reforesting efforts. There are so many ways in which the application of intelligence and labor can help us here, and AI can vastly grow the supply of intelligence and labor.

> More free time?

Yes! Time we can reclaim from the mundane chores of life to do with as we choose! How could you not want that?

by TGower

3/24/2026 at 5:46:28 PM

>> More free time?

> Yes! Time we can reclaim from the mundane chores of life to do with as we choose! How could you not want that?

We already had a huge productivity boom these past decades, but wages flat-lined and the vast majority of the profits and surplus went to the top. Housing, education, and healthcare became less affordable, not more. History points against your simple view.

I'm not convinced that AI breaks that pattern. If anything, the concentration is worse this time. The capital required is huge, the technology is controlled by a handful of companies, and the most applications are about replacing labor. That last part further erodes the already meager worker bargaining power.

We do need a serious systemic change to get to the world you're envisioning. One where that congealed wealth needs to start flowing again.

by nsingh2

3/24/2026 at 3:44:02 PM

Cheaper prices don't matter at all when no one has any income due to all of the jobs being automated

by bluefirebrand

3/24/2026 at 3:54:28 PM

This is true. It's by no means garunteed that we will get to a point where effectively all the jobs are being automated. If we eventually get there, it seems likely the path will be gradual and prosperous enough that we can handle the transition in a way that provides for everyone. The dangers of the alternative route are real, but hopefully obvious enough that we can collectively avoid them.

by TGower

3/24/2026 at 4:11:49 PM

You think the leaders of our planet would just wake up one day and walk back all the crap they’ve said for decades about dismantling the welfare state? And for what because we won’t be working? The whitehouse just added work requirements to medicare. That is the opposite of abundance providing for all.

by kjkjadksj

3/24/2026 at 4:04:08 PM

> it seems likely the path will be gradual and prosperous enough that we can handle the transition in a way that provides for everyone

What are you talking about man, we don't even provide for everyone right now even though we actually could

by bluefirebrand

3/24/2026 at 4:10:45 PM

Right now it is difficult for the average person to put themselves in the shoes of a homeless person. There are a litany of ready made excuses not to do so: "Oh it's the drugs", "They aren't even going to the shelter", "They must have mental illness", a variety of ways to say "I could never end up like that, if it was me I'd do better and pull myself out". These excuses evaporate in the face of a real automation wave where a large portion of friends and family you know to be hard working and intelligent are finding it impossible to find a job.

by TGower

3/24/2026 at 10:25:18 PM

One scary thought however is: once automation has progressed this far and there are enough mostly autonomous humanoid and/or military robots, what power does the suddenly jobless general population have against those who own and operate them, which will mostly be rich people - and the government, which is in many places made up of other rich people?

I'm not saying this is a likely scenario. But as far as I can tell, we will objectively be mostly at their mercy. And how merciful have they been over the last few decades?

by Timon3

3/24/2026 at 4:21:57 PM

This already happened. When deindustrialization first hit in the US it devastated the black community. The result? A litany of pundits decrying Black criminality, bad family structures, cultural pathologies. It's no coincidence that The Bell Curve came out around then.

A decade or two later, all of sudden the same phenomena are happening in working class white communities. Drug addiction, family dissolution, abject poverty. So clearly the people of the US finally realized that what was happening was due primarily to material concerns, and that people need to be able to earn a living in order to live. Right?

No. Instead we got right wing populism, scapegoating of immigrants, further concentration of wealth, and no end in sight.

by throw4847285

3/24/2026 at 4:39:22 PM

With those past examples the majority of people thought "It's not my problem, I won't be affected", and they were mostly right. With an automation wave of the scale needed to get to effectively no jobs, that's just not the case. They will see that it is indeed coming for them, their friends, and family. They will act accordingly. Altruism not required, just self interest.

by TGower

3/24/2026 at 6:44:41 PM

[dead]

by ankaz

3/24/2026 at 4:33:26 PM

You really think altruism is what pops out the other end of "nobody has a fucking job" state of affairs?

Alrighty.

by irishcoffee

3/24/2026 at 4:59:01 PM

The average person is pretty empathetic. The oligarchs of the current Epstein-regime that start wars and fund genocide, not so much. They are trained to dehumanize people.

Without radical change of the current system any technological advancement will only make the rich richer.

by cardanome

3/24/2026 at 4:38:00 PM

If 'no one has any income', then prices become 0.

by qwerasdf5

3/24/2026 at 6:10:54 PM

There will always be a relative few people with income. The business owners, property owners, asset holders, landlords, and so on. Those are the people who prices are set for, and who will participate in the economy. The rest of us? A lot of us are already essentially economically irrelevant in the grand scheme of things, and more and more are becoming so every day, even as they nominally get richer.

by ryandrake

3/24/2026 at 3:50:16 PM

but elon said he would share the excesses with us!

by stevehawk

3/24/2026 at 3:40:45 PM

The way AI can improve lives is if we finally start to share wealth amongst the people more. I don’t know if we will be able to do this politically, but it really is the only way society will survive.

If people are no longer required for production, we have to change how we allocate resources. It can’t be based on personal production anymore.

by cortesoft

3/24/2026 at 4:17:19 PM

HN once again fails to use their imagination and speculate as to whether replicating human intelligence has any benefits

by atleastoptimal

3/24/2026 at 3:49:29 PM

I'm building an addition to my house and I use AI to visualize parts of it, which helps me plan efficiently, and I use it to answer questions about skills that I only have a little bit of experience in. I'm saving a ton of money and developing skills, so I count that as benefiting "the average Joe." I admit that I'm a programmer, but I'm using this as an example because it's helping me in an area in which I have little expertise, which applies to everyone.

by tylershuster

3/24/2026 at 4:02:58 PM

People used to do this with books. Multiple generations of people before me built their own houses, when they had a question they'd just ask another human who had actual experience.

I'm not denying that AI makes searching for some of this easier, or might help you figure out what the right questions to ask are, but I often feel like it's a mostly crappy solution to the fact that we scaled data to infinity and refused to pay for any level of curation.

by threetonesun

3/24/2026 at 3:37:49 PM

Does not benefit average Joe now I agree

But let’s say we get to ASI. The ai is self owned, ever expanding. It takes over all service jobs, then all labour jobs, the robots create the robots. It lobbies the government, becomes the government

Rebuilds all housing with no waste in the process

Makes most things available to everyone at no costs, UBI, perfect healthcare, and food, etc

Average Joe’s life will be pretty awesome

Just give it some more time

by r0fl

3/24/2026 at 3:47:35 PM

There is no guarantee that the asi would care about human beings at all. Personally, I can’t see why it would.

by levanten

3/24/2026 at 4:36:25 PM

This is where "The Matrix" goes from sci-fi to a documentary.

by irishcoffee

3/24/2026 at 3:42:25 PM

Pretty big assumption of empathy there

by rokkamokka

3/24/2026 at 3:53:16 PM

I've also never bought into the belief that "if we just had full control over everything, everything would be perfect". If AI didn't exist, society was headed this way anyways in a few decades because of this notion.

Centralize power, which centralizes perspective of what "good" counts as, and quotient out the accidental humans. A tale as old as time, but with AI it seems like this could be a reality within even the next decade.

by sigbottle

3/24/2026 at 5:11:57 PM

[dead]

by cindyllm

3/24/2026 at 3:44:36 PM

Especially given that the people who currently control money and power display no evidence that they have empathy

by bluefirebrand

3/24/2026 at 5:35:28 PM

They actively detest empathy!

by sylos

3/24/2026 at 3:48:30 PM

But why would this ever happen? Why would the owners of land, construction material and machinery give those up for free to the average Joe?

Right now, even an average citizen born in poverty can acquire wealth from his labor. That is basically the only mechanism that prevents limitless accumulation of wealth: rich people still need workers to get things done.

If you replace the workers with AI, there is no remaining incentive for wealth to "trickle down" or get redistributed. This is not desirable.

by myrmidon

3/24/2026 at 3:47:59 PM

Idealism. Optimistic responses are based on a strong dose of positive idealism.

by edgarvaldes

3/24/2026 at 3:36:12 PM

> Sure, it might cure cancer, but… that’s just uncertain. Sure, we’ll go to space, but… we sure have many problems at home.

Sure, it might cure cancer, but only for the wealthiest.

Sure, we'll go to space, but only after the planet is irreversibly trashed and poisoned and the only "poors" that will be in space will be the modern equivalent of non-unionized coal miners.

by apercu

3/24/2026 at 3:41:54 PM

Benefitting Joe Average was never the goal. Like all advances in tech it mainly benefits the elites.

by acessoproibido

3/24/2026 at 3:43:13 PM

> Sure, it might cure cancer, but… that’s just uncertain. Sure, we’ll go to space, but… we sure have many problems at home.

We're not going to space. We're filling our own orbit with ever-increasing quantities of space junk and speeding toward a tipping point where space launch will no longer be possible due to near-certainty of collision. Mister "Let's all go to Mars" Elon Musk is the single greatest contributor to this problem.

by excalibur

3/24/2026 at 3:36:55 PM

Exactly. AI helps you do things faster which when done have no economic value whatsoever.

by coolThingsFirst

3/24/2026 at 3:58:35 PM

At work, there is little reason to ask a human a question, you just talk to AI for answers fast. Only time to talk to another human, is if you are barking down orders. This will be analogous to not hiring a human for anything an AI could do, unless you need someone to assume liability.

by deadbabe

3/24/2026 at 3:34:26 PM

This was already "solved" in the 30-50s.

Anti-trust, effective taxation, and general social distrust of people who were creating wealth for themselves and not others.

obviously this sounds a lot like socialism (which its not, the USA in the 40s was not socialist.)

The issue is, discourse is being shaped by those who don't want things to change. Part of the reason why things changed is that lots of countries went through violent revolutions where the rich and powerful were ousted.

by KaiserPro

3/24/2026 at 3:51:35 PM

Historically speaking the most reliable bridge has always been the edge of a sword

by unholyguy001

3/24/2026 at 3:37:17 PM

Changing social class has always been very difficult. The solution is to get rid of social classes. Or at least try to even out the difference between the lowest class and highest class.

by z3t4

3/24/2026 at 8:22:45 PM

> Changing social class has always been very difficult

It's been very difficult in part because 150+ years of Marxist tradition has not been able to define what a class is. Upwards social mobility by other metrics such as wealth and income, both intra- and inter-generation, is actually provable and real.

by aerhardt

3/24/2026 at 4:17:15 PM

I actually printed this one out to give it a thorough read, something I haven't done in a while :) I'll probably comment on the author's blog later.

My first reaction is that it's a bit of oversimplification, LLMs have been on the scene for what like 4 years now? I doubt the effects will be visible when you look at the data.

But on the topic of inequality as a result of changes how value add is distributed between business owners and the labor - there's a very relevant book by Thomas Pickety called "Capital in the 21st century" (I believe he used the title of a similar work by another economist in 18th century on the same topic). He collected as much data as he could on income and wealth of individuals and groups for Western nations (some going back to like 17th century) and did some analysis.

In a nutshell, the share of profits going towards the business owners (simplifying, inherited capital) in the West had been increasing in the 18th and the 19th century, likely due to Industrial Revolution. Which in the US culminated in extreme inequality personified in Robber Barons (Carnegie, Rockefeller and Co). It was followed by economic and financial collapse, mass unemployment, and arguably, 2 world wars. It also resulted in creating various mechanisms designed to prevent these things in the future, such as anti-trust regulations.

After WWII (especially in the US) the distribution of value add between the ownership/capital and the labor changed so that the labor started getting larger and larger share, to the point that the economists declared that the capitalism solved the issue of inequality. That trend reversed around 1970s/1980s, which coincided with the invention of complex electronic computing and communication devices (and therefore inventions of the new business models). From that point on the share of profits going towards the business owners started increasing again, and that speed has been actually accelerating since the 2000s.

imho at this point US is basically where we were in the end of 19th/early 20th century. The individuals' names are different, the issues (extreme monopolization/concentration of capital) are the same. LLMs and other GenAI stuff are simply part of that trend.

Hopefully people at the power learned something from what happened 100+ years ago. But I kinda sorta doubt it.

by drillsteps5

3/24/2026 at 3:50:53 PM

Putting "intelligence" quantifiably on a bell curve in the first sentence of the abstract is enough to toss the rest of it out

by miltonlost

3/24/2026 at 3:41:23 PM

Despite the reductive Gaussian determinism, there appears to be much haunting truth to the proposed economic trajectory here.

by waffletower

3/24/2026 at 4:12:11 PM

> Most of the traits you were born with - intelligence ...

Intelligence is considered genetic now? That's quite a bold claim.

by pier25

3/24/2026 at 6:41:02 PM

Well, it's certainly inheritable from your parents (50%), and recent research suggests at least 20% of the 50% heritability is genetic, according to an article in Nature Reviews Genetics. [0]

[0] https://pmc.ncbi.nlm.nih.gov/articles/PMC5985927/

by magneticnorth

3/24/2026 at 4:29:05 PM

Well, it's a _controversial_ claim, anyway.

by commandlinefan

3/26/2026 at 11:57:33 AM

Not really a bold claim. The scientific consensus is that intelligence is a highly polygenic and heritable trait, with genetic factors accounting for 50%-80% of the variations in intelligence. The rest is environmental (prenatal care, education, nutrition, lack of exposure to toxins like lead, etc.)

by DustinKlent

3/24/2026 at 8:24:47 PM

Interesting article. People are nitpicking different issues but not many are addressing the core idea, and that idea I think is sound, regardless of the coefficients picked and so on. Inequality is rapidly increasing all over the world, it is cumulative and self reinforcing (people in power using their unequal wealth to pass laws making inequality even worse). Sure, maybe median income is steadily increasing. The enormous accumulation of wealth on top would quickly render income increase meaningless. Anecdote to illustrate - just yesterday someone took a photo of a new apartment complex (so already not a luxury segment at all) with an ad on a fence "new apartments for your collection". For "collection". So they already know who their market is - wealthy guys/corpos buying housing in bulk to flip for profit or rent. Today it's an isolated joke, tomorrow it will be a standard. Same with everything else - private transportation, above average education, even knowledge work would be a prestige thing.

Combine that with disillusioned poor strata electing right-wingers in hopes of solving inequality via xenophobia, but afterwards getting autocrats who are only interested in the personal enrichment and burning wealth ladder even faster, plus blocking any option to return to centrist government to preserve power (see Russia, Hungary etc.). The cumulative outcome of all of this is rather bleak. But median income will be a few percents higher, yahoo, amazing.

by Yizahi

3/24/2026 at 4:00:23 PM

Like most people I’m not sure what the future looks like, but I’ve worked with generative AI closely and none of this doom matches my experience. At its best, generative AI is faster stackoverflow driven development. At its worst, generative AI is just as slow as stackoverflow driven development was. I don’t see it replacing intelligence because frankly, you need intelligence to work with it properly otherwise intelligent people will judge you for using AI badly.

On a different note though, it’s disappointing seeing a community full of such intelligent people one hundred percent taken in my either doom or hype. There’s a lot of space in the middle and while I know it’s cool to be anti capitalist now, you’ll be a lot more interesting if you go for the middle once in a while.

by hluska

3/24/2026 at 4:40:31 PM

A thing I've noticed with AI-written articles (like this one) is that they have a difficult time articulating their actual point. They seem to be trained on what I'll call "Gish Gallop [1] bloggers", where the intent is just to overwhelm the reader with data and arguments, so many that replying to them all in a comment would take hours. This style is especially popular amongst the chattering-about-AI-classes, hence its popularity in AI discussions.

There is no thesis, no central interesting concept to discuss, and instead just charts, data, fancy economic words, and increasingly elaborate predictions. I don't think it's good writing and I don't think it's good thinking. There are many important philosophical discussions to be had about LLMs and their impact on society, but this post is just a mess.

But just to respond to one point: this argument seems to fall apart if you don't assume that blue collar jobs inevitably lead to white collar jobs:

* But the jobs their kids would have used to climb - the junior admin role, the data entry job, the entry-level legal assistant - those are gone first. The ladder gets removed one generation before the people who needed it were old enough to climb it. By the time the robots arrive for the physical jobs, the route up will already be closed.*

First off, "by the time the robots arrive for the physical jobs" is science fiction, the mention of which really undercuts any attempt at serious thought here. But more importantly, blue collar professions are doing very well right now. If a young person from a modest background were interested in building wealth, they'd almost certainly be better off becoming an electrician today, rather than a junior admin. I see no reason why the economy can't just shift to deprioritize certain types of rote knowledge work (the only real type of work at risk of LLMs, IMO) and prioritize types of work that can't easily be automated. There is no iron law of economics that says white collar work must pay better than blue collar work.

1. https://en.wikipedia.org/wiki/Gish_gallop

by keiferski

3/25/2026 at 9:49:34 AM

> by the time the robots arrive for the physical jobs

Not to mention that physical jobs in e.g. manufacturing have been highly automated by "the robots" for decades

by wanderingpixel

3/26/2026 at 11:58:52 AM

I think he means the jobs that haven't yet been automated: plumbers, electricians, auto mechanics, pipe fitters, dry wall layers, etc.

by DustinKlent

3/24/2026 at 4:14:02 PM

I noticed this article is written by AI. Have you considered adding a disclosure?

by thornewolf

3/24/2026 at 3:22:57 PM

The future (if we keep using money to allocate resources) is something akin to feudalism but worse. If you are born at the bottom you will never rise to the top. It's bleak. Even worse, your labor will not be needed, nor will your intellectual abilities. There will be a few well off people with capital. The data centers will be guarded by automatons and drones. Everyone else will essentially live in a parallel economy that is borderline biblical. Countries like this already exist in the form of countries with excess access to a single natural resource. See the https://en.wikipedia.org/wiki/Resource_curse

by cglan

3/24/2026 at 3:43:57 PM

We’re already there. Your individual labor isn’t enough to make a living unless you subscribe to the altar of a feudal FAANG. This is preposterous.

> Collectively, the wealthiest 1% held about $55 trillion in assets in the third quarter of 2025 — roughly equal to the wealth held by the bottom 90% of Americans combined.

https://www.cbsnews.com/news/us-wealth-gap-widest-in-three-d...

by bix6

3/24/2026 at 4:38:53 PM

The cost of living crisis is almost singularly caused by poor governance, not feudal tech lords.

NIMBYism prevents new houses from being built, driving up the cost of housing.

Healthcare is for-profit, yet not allowed to operate like a true competitive market, with heavy regulations restricting providers to a few that the government favors. Thus it's essentially an oligopoly, driving costs sky high.

by matthest

3/24/2026 at 5:31:43 PM

The ‘cost of living crisis’ that most people refer to is about food, clothing, fuel, electricity, gas. Much of this is driven by feudal corporate lords, and their gouging business choices. Some is driven by geopolitics.

Issues with the affordability of for-profit healthcare is mostly an issue in the US, as far as first-world countries go. And the root cause there is decades of allowing money and big business to directly influence politics, rendering meaningful change close to impossible without a Bernie Sanders-esque president who’s strongly motivated to tear the whole system down.

by mft_

3/24/2026 at 6:44:52 PM

The current pricing crises with food, fuel, electricity, and gas are currently being driven 100% by America's Caligula and his party of elected senatorial horses. And specifically his tariffs, but more generally his inability to comprehend anything beyond self-gratification.

by IAmBroom

3/24/2026 at 10:09:07 PM

There's been a 'cost of living crisis' discussed in many countries --not just the US-- since roughly the end of the pandemic. For obvious reasons, there are other factors responsible for this - not just Trump.

Trump's recent foray into Iran has indeed hit fuel/gas prices, the supply chain of some regional goods, and will have a knock-on impact on other goods subsequently due to rising fuel costs. The impact of tariffs on consumers is largely confined to the US.

by mft_

3/24/2026 at 10:29:50 PM

Respectfully disagree. Food, clothing, fuel, electricity are too expensive, but they are comparatively much less of an issue compared to rent and healthcare costs.

Rent and healthcare are the 1A and 1B issues of our time.

As far as healthcare goes, the entire system is a mess. We already tried the Affordable Care Act to get more people covered, which only skyrocketed costs. The only way out is to increase the competition in the market, AKA supply side. Bernie Sanders is only familiar with demand-side solutions, which do not work. Sanders himself seems completely oblivious to the housing crisis in his own state of Vermont, which is being mitigated everywhere else through supply-side solutions.

by matthest

3/24/2026 at 10:41:51 PM

...in the US.

I was mostly trying to make the point that the cost of living crisis is global, affecting many countries, and that your US-centric view doesn't scale. Healthcare costs hitting consumers directly isn't global as most countries have totally different systems.

---

That said, your suggestion that the answer to rampant capitalism making healthcare unaffordable is more rampant capitalism (which you call competition) is... interesting.

And I wasn't advocating for Sanders personally or his policies specifically, just using him as an example of a conviction politician who might have had the chutzpah to take on and dismantle the business-lobbying-politics establishment.

by mft_

3/24/2026 at 11:00:15 PM

Ah ok sorry missed that you were talking globally instead of just US.

In the US, our problems stem from a lack of "capitalism," or healthy markets, or whatever anyone wants to label it. Bottom line, it's very much a supply side problem.

In housing, for example, NIMBY laws have for decades restricted all kinds of new housing being built. In capitalism, developers would be allowed to build. So we've very much had the opposite of capitalism.

Cities that are waking up to this and allowing new houses to be built are seeing rents fall across the board.

by matthest

3/25/2026 at 1:20:46 PM

> In the US, our problems stem from a lack of "capitalism," or healthy markets, or whatever anyone wants to label it. Bottom line, it's very much a supply side problem.

I'd challenge whether for complex topics like healthcare, there truly ever could/would be a market that would deliver the savings you envisage.

When someone is diagnosed with cancer, you'd expect them to do everything in their power to give the best outcome, right? Wrong. Most people just go to their local hospital, and sadly the quality of physicians, surgeons, treatments offered, and overall care varies tremendously. There are various data to suggest that joining a clinical trial may offer improved outcomes (and of course, in extremis, clinical trial participation is the only way to access experimental treatments) and yet a very small percentage of patients ever do. Anecdotal experience suggests that many patients can barely understand the details of their disease and treatments (which are becoming more technical with time).

My point? For reasons that require further exploration, healthcare "customers" typically aren't sufficiently informed, discerning, engaged, or mobile in the way that would be necessary for a genuine competitive market composed of for-profit providers to function effectively to drive down prices and improve outcomes.

by mft_

3/24/2026 at 3:56:55 PM

> We’re already there. Your individual labor isn’t enough to make a living unless you subscribe to the altar of a feudal FAANG. This is preposterous.

You think you already can't "make a living" without working at a FAANG? Is this a serious post?

by jmye

3/24/2026 at 4:23:43 PM

For a lot of people on HN, "making a living" means owning property in a VHCOL area.

by bloppe

3/24/2026 at 5:46:12 PM

For a lot of people on HN, they grew up in VHCOL places that used to be affordable and are trying to keep the lives they've had since birth.

I was forced to move, lost connection to my friends and half my family, all the places I knew and had memories/attachment to, habits/hobbies. I understand why they are fighting to keep their lives and not give up and in a way die and start a new, lonelier, much different life.

I don't understand how that is nepo/spoiled/rich behavior, it's just basic normal human behavior. Thinking it's totally cool to displace people is also normal human behavior, just to me the shittier less justifiable of the two.

by _DeadFred_

3/24/2026 at 7:48:24 PM

I agree with all of that, but it's not representative of everybody that grew up in the VHCOL area. A slight majority of residents in the Bay Area (used as an example) own their own home. If you grew up there, and your parents owned their own home, your family has benefited enormously from the meteoric rise in house prices. Those people (long-time residents) are thrilled by the influx of tech cash and actively pursue NIMBY policies to restrict the housing supply to keep prices as high as possible. Most of the tech workers actually moving to the Bay Area and renting would much prefer a massive increase in the housing supply to bring prices down.

California is an especially egregious example because none of the inherited familial homes are taxed appropriately, which lowers liquidity and drives up market rates further. If you wanted to create a landed gentry, California Article XIII A is the gold standard for a policy to do that [1]

Of course, a lot of families never end up owning a home in an area that will experience that kind of appreciation. But the idea that it's "newcomers vs. life-long-residents" is wrong. It's actually more about the tension between the life-long-residents who own property and pursue NIMBYism vs. everyone else.

[1]: https://law.justia.com/constitution/california/article-xiii-...

by bloppe

3/24/2026 at 8:19:34 PM

My example is representative of EVERY person I grew up with that didn't come from generational wealth. I guess if their parents died when they were young of a fluke you would consider them lucky, but what's the average lifespan for someone in the area? Everyone I knew would rather have had the option to live/raise a family in their home town than inherit a million dollar home in their 50s after they had to start a new life they didn't pick.

You can write paragraphs about how displacing people is fair, how kicking grannies out of their homes and auctioning them off because of tax debt (something that was happening) is the moral way. But you are still just talking around displacement of people to reach your desired end goal.

by _DeadFred_

3/24/2026 at 10:22:37 PM

A functioning economy is full of these tensions between people with divergent "desired end goals". Everybody wants high home prices when they want to sell but low home prices when their kids want to buy. Everybody wants low prices for things but high wages for people, even though those things are inversely correlated. I'd bet many of the parents you're talking about voted for NIMBY policies and cheered the tech industry's rise. Of course they would. If I'd owned a house in the bay, I'd have been pretty jazzed about it too.

I'm not pro-displacement. I'm pro-housing, which we need much more of in SF.

by bloppe

3/24/2026 at 5:01:48 PM

Those used to be quite reasonable cost of living areas. We're not talking about owning a mansion in the Hamptons, but a decent-sized apartment in a downtown area or a nice single family home in a pleasant neighborhood.

by anigbrowl

3/24/2026 at 4:37:12 PM

Correct. This is a space occupied disproportionately by spoiled rich nepo or otherwise kept silver spooned babies.

by WarcrimeActual

3/24/2026 at 4:21:51 PM

I had to drop off my health insurance when the bill hit $4,850.24/month.

Millions did the same. https://www.cnbc.com/2026/03/19/aca-enrollees-uninsured.html

by ceejayoz

3/24/2026 at 4:58:24 PM

This is a problem specific to the US. The price of your health insurance is very far from the actual cost of it to providers.

by slavoingilizov

3/24/2026 at 5:08:22 PM

FAANG wages are also fairly specific to the US - the two go hand in hand

by 8note

3/24/2026 at 4:26:13 PM

That sucks and I hope congress gets their shit together soon, but there are a lot of non-FAANG companies that offer insurance.

by bloppe

3/24/2026 at 4:29:13 PM

That money black hole hits companies too. A $50k/year job typically can't throw in $60k in healthcare benefits.

by ceejayoz

3/24/2026 at 5:13:25 PM

It’s not that much.

https://www.peoplekeep.com/blog/cost-of-employer-sponsored-h...

A small company can use a PEO like Rippling (a YC company) where employees are “co employed” with the actual company and for taxes/HR/benefits with for Rippling. It’s not like contracting. Everyone from the CEO down is “co employed”

by raw_anon_1111

3/24/2026 at 5:25:34 PM

It really is.

The US saw an average of $14,885 per-capita healthcare costs in 2024. Higher now.

by ceejayoz

3/24/2026 at 5:29:04 PM

I’m never going to defend the American health care system as I sit in a country now for six weeks where I fully plan to become a resident of post retirement mainly because of the healthcare even if I don’t live here full time.

by raw_anon_1111

3/24/2026 at 5:59:52 PM

I think the world would be a much better place if travel was more common.

Having people see how other countries work on a regular basis really opens your eyes.

And then you have travel and expensive healthcare to pay for.

by lostlogin

3/24/2026 at 6:07:13 PM

I’m also not treating these six weeks as a tourist. My wife and I both learning Spanish - she’s just starting I’m at around a high A2 (https://www.escuela-hablamos.com/en/understanding-the-common...).

We are involved in ex pat groups on Facebook, have gone to meet ups, and are having dinner with a few people we have met.

by raw_anon_1111

3/24/2026 at 4:53:58 PM

My guy, congress can't even remove valid bad actors who openly lie to and threaten them. They will never fix any problems except their "light" pocket book

by sylos

3/24/2026 at 5:43:56 PM

Trump rather likes handing out cash, as long as he can put his name on it. Maybe as long as congress agrees to call it TrumpCare.

by bloppe

3/24/2026 at 4:44:08 PM

> I hope congress gets their shit together soon

Narrator: "In fact, they did not"

by pixl97

3/24/2026 at 5:08:01 PM

I know how much the American health care system sucks. But I have looked into a high deductible health care plan on the exchange for myself and my wife - both over 50 to calculate how much we would need to survive a month of unemployment. It was around $1000/mo with no subsidies for a bronze plan.

by raw_anon_1111

3/24/2026 at 6:39:13 PM

You think regular Americans have the money to afford high deductible plans? One ER visit bankrupts people.

by bix6

3/24/2026 at 7:05:36 PM

High deductible plans max out at around $10K deductible. But it’s the same cost in my experience low deductible vs high deductible + HSA contribution.

The difference being that if you don’t need to use your HSA in a year you keep it - unlike low deductible plans.

by raw_anon_1111

3/24/2026 at 7:54:19 PM

Ah yes because the family making $40k/year can afford $10k in medical expenses.

by bix6

3/24/2026 at 8:43:08 PM

In my experience the cost of a low deductible health plan is more expensive than a high deductible health plan + equivalent amount of a pre tax HSA.

I have never known a health care provider that you can’t negotiate a payment plan with. Even if your HSA isn’t funded, they could probably have a payment plan = HSA monthly contribution and then take it out of the HSA.

Yes I understand that a lot of people making $40K would be deftly afraid of doing that. But they would still statistically come out ahead

by raw_anon_1111

3/26/2026 at 1:29:01 PM

A family making 40k a year qualifies for significant benefits and subsidies, even today. But don't let not knowing what you're talking about stop you from angrily talking about it.

by jmye

3/24/2026 at 5:12:15 PM

This is a family plan; the bronze plans are $2400 or so a month. But that means a huge deductible; for a high-needs family, it works out worse financially.

by ceejayoz

3/24/2026 at 5:18:52 PM

When I compared plans at work over the years, I’ve found that it is rarely cheaper to do low deductible/higher monthly costs than higher deductible /lower monthly cost + pay deductible out of pocket.

by raw_anon_1111

3/24/2026 at 5:22:21 PM

That will vary from person to person.

In our case, we tend to hit the max out-of-pocket pretty fast.

by ceejayoz

3/24/2026 at 5:30:17 PM

Is that still cheaper than high deductible + HSA contribution to cover the deductible?

by raw_anon_1111

3/24/2026 at 6:11:51 PM

Yes. Substantially so, in my case.

Likely not for many, but I definitely did all this math annually.

by ceejayoz

3/24/2026 at 5:40:39 PM

Both my wife and I have been contractors for decade+ and have been with Kaiser and are paying $1.1k/month for Bronze-ish plan (1 child)

by bdangubic

3/24/2026 at 5:51:53 PM

How does that work if you have a pre-existing condition? I am honestly curious

by raw_anon_1111

3/24/2026 at 6:12:47 PM

ACA-compliant plans can't deny or change pricing for them.

It was a good change, but it needed the individual mandate to function successfully. That got removed.

by ceejayoz

3/24/2026 at 9:04:38 PM

ACA put a stop to that

by bdangubic

3/24/2026 at 5:43:11 PM

That’s incredible. That must be responsible for population decline (migration more than death).

by lostlogin

3/26/2026 at 1:27:32 PM

You were working at a FAANG and had the enhanced subsidies? That strikes me as complete bullshit and non sequitur to the post.

ACA plans and LG/SG plans are not the same, and pretending they are is, frankly, a large part of why healthcare in this country is such a dumb discussion - those discussing it have no idea what they're talking about.

by jmye

3/24/2026 at 4:34:23 PM

When I was 8 or so (early 80's), I read a news article that said something like "in the near future, robots will do all work and humans won't have to work at all". The news article made it sound like it would happen before I reached adulthood and even then I could see the problem there: "who decides who gets to live in the big house at the top of the hill and who decided who has to live where I live?"

Communism/socialism/wealth distribution/planned economies is one potential solution, but it's an awfully ham-fisted one and definitely not one to put into place until it's absolutely necessary. I kind of suspect that a lot of people, like OP, are kind of hoping that now is the time, but it definitely isn't, at least not yet.

by commandlinefan

3/24/2026 at 4:13:53 PM

He's right. It's not just FAANG, but if you're not within about 2 or 3 degrees of separation from FAANG or a subset (not even the whole thing) of SP500, you're hosed. Even then, it's not a panacea. McDonald's employees can confirm.

And it's because only those companies are big enough to cut deals to shield themselves and their subjects from the massive amounts of debt the world economy is being forced to service; everyone else is dumping a double-digit percentage of their labor into covering the bad bets of our banks.

by underlipton

3/24/2026 at 5:34:06 PM

Except for all the small business owners that are doing just fine, and many are more than fine. You just don't want to be a corpo who is competing with FAANG, or anywhere where you have to "share" any margins with them.

by scottyah

3/24/2026 at 9:34:35 PM

2 or 3 degrees of separation

If money is trickling down to you from FAANG, you're benefiting from their largesse - or, rather, being exploited by the control they have over your source of income, as both an individual and an business owner. FAANG throwing their weight around to force-underpay suppliers becomes the problem of the retail worker whose wages are paid by underpaid consumers. And so on.

by underlipton

3/24/2026 at 4:03:08 PM

Yes. That tends to happen when you don't increase the minimum wage for multiple decades.

by estimator7292

3/24/2026 at 4:22:50 PM

Damn, I hope no one tells the hundreds of millions of global middle class and upper middle class households who don't work for FAANG that they don't exist!

by senordevnyc

3/24/2026 at 4:53:04 PM

Please.

The median household income in the US is around $85K

https://dqydj.com/household-income-percentile-calculator/

The median individual household is $55K

https://dqydj.com/income-percentile-calculator/

Neither are living on the streets.

by raw_anon_1111

3/24/2026 at 5:17:08 PM

https://www.lmtribune.com/local-news/achilles-takes-on-risch...

> By my estimate, about 60% of Idahoans don't earn a livable wage

Sure boss it’s all fine and dandy.

by bix6

3/24/2026 at 5:20:13 PM

And that has nothing to do with the fact that you don’t need “FAANG money” to live a comfortable life in Idaho…

Besides cry me a river for the people in red states who keep voting for politicians who are voting for policies that hurt them as long as they can “own the libs” and see ICE mistreat brown people.

by raw_anon_1111

3/24/2026 at 5:28:05 PM

Why are you so defensive of rich people?

Idaho has an affordability crisis and it is partly caused by rich people from out of state using their FAANG (or equivalent rich work) to box them out of properties.

by bix6

3/24/2026 at 5:32:52 PM

I am not defending rich people - that would be the people who defend the current President and his cronies like in Idaho who support him and voted for him 70%

It is just plain not true statement that you need “FAANG money” to afford to live in Idaho.

by raw_anon_1111

3/24/2026 at 5:42:09 PM

elect better people (you won't but that's your core problem)

by bdangubic

3/24/2026 at 7:35:46 PM

You illustrate the point perfectly. "Not living on the streets" is not exactly a measure of prosperity. With $55K, you cannot afford a decent place to live, a health event can and will bankrupt you, and retirement is out of the question.

by deepspace

3/24/2026 at 8:48:15 PM

If you go by the 30% of your budget guideline making $55K a year as a single person you can definitely find a place to rent for $1375 in a decent neighborhood.

https://www.rentcafe.com/average-rent-market-trends/us/

by raw_anon_1111

3/24/2026 at 5:29:07 PM

What do they mean by "assets"? Is it securities in the form of stocks/bonds/etc?

If so they own a bunch of bits on a server somewhere that technically represent an amount of goods/services they could never use in 10,000 lifetimes.

If Elon had 10 billion eggs in a warehouse it would be real easy to fix the price of eggs. We could also reduce healthcare costs by making Bezos & Zuck stop going to the doctor 4,000,000 times a day.

The reason peoples labor isn't granting them the goods and services they want is way more complex than just: "the billionaires are taking them all". You could kill every billionaire tomorrow and distribute all their wealth and it would only make shit cost more.

by ericmcer

3/24/2026 at 6:02:20 PM

You are so close. The rich don't buy all the doctor visits, they buy whole farms/doctor practices and place a tax paid to them on every transaction. We are switching to a society structured for maximum extraction everywhere because there is so much capital at the top looking for places to park, and why wealth disparity is so bad for a society. The feudal lords got paid on every transaction and with the current disparity the rich are buying their way back to that system.

Poor spend money to survive, circulating through the system.

Rich park excess money in PE buyouts of previously owner owned dental practices, HVAC, rental properties, etc and 'optimizing' for maximum extraction. Some capital is needed to fund new things, but excess turns EVERTHING into rent extraction with barons taking their cut above all else.

More and more of the services/things in life are owned not by the person that started the business, but by the rich whose money 'is just bits and has no impact on the poors'. Rich don't compete for doctor appointments, they just extract more and more $$$ by owning every doctors visit, every practice, every corporate farm. And the poors can't compete. Hence you end up with a feudal system because of the disparity. The rich should have enough to enjoy a good life and to have freed up investment capital in the system to start new things, but not enough to re-convert society back to feudalism where they own all and get paid a percentage on everything, always, just for existing.

by _DeadFred_

3/24/2026 at 3:44:35 PM

The parallel economy could even kinda sorta work except that we made frontier living largely illegal in many places (though I understand you probably could get some cheap land in e.g. Idaho and try to live off it) and the existence of said parallel society represents a clear challenge to capital owners who say trading your labour for their profit is the most sensible way to live.

by CalRobert

3/24/2026 at 3:55:01 PM

There is not enough space for 8 billion humans to do "frontier living."

by pibaker

3/24/2026 at 4:37:12 PM

Not to even forget how unstable that sort of living is. A few bad seasons from various causes could really affect population. Just look at history of famines. It kinda works when you have industrialised agriculture in other places to fallback on, but without that it is very risky in long term.

by Ekaros

3/24/2026 at 4:12:30 PM

It always intuitively felt to me like there was enough space, but I am now getting the sense that my intuition here has been wrong.

Will you define "frontier living" so I can better see the lack of space ?

by manofmanysmiles

3/24/2026 at 5:40:51 PM

One crazy thing I recently heard that put this into perspective is that Livestock makes up approximately 60% to 62% of the world's total mammal biomass. Combined with humans (approx. 34%–36%), domesticated livestock means humans and their animals constitute roughly 96% of all mammalian biomass on Earth, leaving wild mammals at only about 4%.

I suppose Frontier living doesn't necessitate hunting, but the amount of readily available meat and animal products would have to drop very low.

by scottyah

3/25/2026 at 2:21:18 PM

This is the small solace I take when it comes to climate change reducing arable land - almost all of our crops are grown to supply a luxury product (meat), so if we need to, presumably we could just eat the grains we grow directly, instead of turning them in to animals first.

by CalRobert

3/24/2026 at 4:22:18 PM

I assume they're referring to the inability of small scale agriculture to produce as many calories per acre as our current food system, which also relies heavily on fossil-fuel based imports. Of course, we also have a lot of unnecessary (but tasty!) excess in our current food system too.

I think the problem really becomes - what do you do when the current system becomes untenable? If the costs of a "basic" modern life (housing, transport, food - I'm not even including healthcare here) become impossible for someone on the median income to have, then what, exactly, are they supposed to do? Find a nice corner to die in?

We sorta tried a miniature version of this on a few acres in Ireland and while it was tough (and we were always reliant on the outside world, we didn't literally homestead), I'm not sure it wouldn't be an improvement for a non-trivial percentage of people at the bottom levels of society.

But, of course, land is owned (thanks to enclosure, which took a common asset and allocated it to specific individuals), and this all falls apart when you or a loved one have a serious disability or illness.

by CalRobert

3/24/2026 at 4:37:36 PM

I appreciate the nuanced reply and yes, I do mean that you will not be able to produce as much food as you currently can nor will you be able to do so as reliably as we currently can.

And while you might be able to do it in Ireland — one of the only countries in the world with less people than two hundred years ago — it will likely be impossible to the billions living in far more densely populated countries.

by pibaker

3/24/2026 at 10:20:34 PM

I think maybe there is a "frontier living" fantasy that is resting on the hidden assumption that you can bring your modern tech stack with you, minus the civilization that it relies on.

If I squint my eyes and imagine really hard, I can see living off the land, supported by small fusion reactors powering powerful AGI computer clusters, highly advanced 3D printers capable of producing all the physical support structure of life.

AGI + Power + Magic 3D printing and maybe one can live "off the land" with "civilization and all of human knowledge" hiding inside this portable tech stack.

by manofmanysmiles

3/25/2026 at 2:23:04 PM

FWIW this isn't even remotely close to what I was thinking - I definitely had no notions of AGI or 3d printing involved. You can do a lot with hand tools if you have plenty of time and a forgiving environment (access to water and trees for timber).

by CalRobert

3/24/2026 at 5:34:32 PM

Very true, and I worry that as the planet heats many of those billions will die

by CalRobert

3/24/2026 at 4:42:23 PM

Water for one. It was very risky as things like droughts quickly killed you. It was also very risky as someone moving upstream of you and shitting could see you dying from dysentery very quickly. Water is in far worse shape now because of how deeply we've pumped out aquifers and how poor we've left soil conditions in many places.

Next is amount of people. Current human density is supported by antibiotics. Take away them and we quickly fall back to around 1900 population density (1.6 billion roughly). And not even internal antibiotics, external antibiotics like chlorine for cleaning and water purification.

So those are the setups for population collapse. When population starts collapsing this way it generally overshoots the numbers pruned because of war/disease. We won't fall to 1.6 billion, it's likely to fall well below 1 billion.

by pixl97

3/24/2026 at 4:11:38 PM

Sure, but there might not be enough jobs for them to command the economic power that allows something better.

Even so for someone who's been crushed in the gears enough they might give it a try.

by CalRobert

3/24/2026 at 6:20:51 PM

They can manage it. Cheap drugs, distributed by the government, can handle you from suffering and ensure you will not participate in any kind of anti government protests. Also they can add birth control additives and reduce the population significantly.

by ihagen

3/24/2026 at 3:55:25 PM

I am going to say this for all the people thinking like this. This attitude will get you nowhere in life. It historically never has and in the future it never will.

by poorman

3/24/2026 at 4:01:22 PM

> When Nick is not at a computer, you can find him out racing sailboats and involved with various entrepreneurial ventures.

Says the man who is going to be the feudal lord in GP's scenario…

by pibaker

3/24/2026 at 4:37:53 PM

The man who thinks he's going to be the feudal lord in GGP's scenario.

In GGP's scenario, there isn't much room at the top. :)

by caconym_

3/24/2026 at 4:31:33 PM

Nah thats petty nobility that will get wiped out for taking the wrong side in the first dick measuring war lmao.

by guzfip

3/24/2026 at 4:01:55 PM

That's right -- the best way to succeed within a system is to hustle as hard as you can, and definitely don't stop to question the system itself.

by lukev

3/24/2026 at 4:18:04 PM

Better than those who just want to burn the system down with no real plan for what comes next, and unable to comprehend the inevitable bloodshed of the 'glorious revolution' that they crave.

by bluescrn

3/24/2026 at 4:29:43 PM

You think you are describing the Bolsheviks, but your description is equally fitting for those who want to abolish human labor without providing people alternative ways to make a living.

And no, hand waving about "UBI" doesn't count unless they start actually doing the politics required to implement UBI.

by pibaker

3/24/2026 at 5:16:15 PM

There's a lot of bloodshed going on under the status quo. Why do you think people are 'unable to comprehend' it? Maybe they just want to reallocate it and aren't especially sympathetic to those who who have avoided it up to now.

by anigbrowl

3/24/2026 at 4:32:16 PM

Do you comprehend the scale of the inevitable bloodshed that maintaining the status quo is bound to lead to? You don't do so any better than those you're chastising.

by deaux

3/24/2026 at 8:40:47 PM

Most of them fried their brains with stimulants long ago. Thankfully for them, they no longer have to think. An LLM does it for them.

But it’s just the same idiots were rabidly cheering the latest JavaScript framework a decade ago, NFT’s and all manors or ridiculous things anyone with 2 working brain cells saw transparently though.

by guzfip

3/24/2026 at 4:07:35 PM

Not sure if you're being sarcastic or not, but I think this is actually good advice. It's great to be a free-thinker and question things, but I do think there is some (monetary) value in just not asking too many questions, but optimizing to be the best at whatever you're doing.

Edit: to give an example, I probably would have done better in school had I spent less time questioning the education system and more time just accepting it and trying to get good grades.

by keiferski

3/24/2026 at 4:17:34 PM

Yeah, succeed in the system, fuck everybody else. If the system is making the world a worse place, all the better, you can take advantage since you’re in the system. All that until you find yourself spat out by the system and get to experience what you’ve been part of with no recourse.

by tartoran

3/24/2026 at 4:18:34 PM

Your interpretation of the comment in this way says more about you than anything else. Because that's not what I or the parent comment said.

by keiferski

3/24/2026 at 5:00:20 PM

and your conclusion on this situation says a lot about your current state of economic privilege and/or ignorance

by defrim

3/24/2026 at 4:24:48 PM

[flagged]

by guzfip

3/24/2026 at 4:36:14 PM

The trick is to compartmentalize

by pearlsontheroad

3/24/2026 at 4:12:06 PM

Historical data is never a guarantee of future performance. The downside of your attitude is that you can’t really point at the right thing to do, so then you invest your time and effort on the same things, when it could be the case that the rules of the game have changed.

I don’t see the comment as necessarily defeatist. If anything, it’s an invitation to rethink what might work instead, and whether there are things worth lobbying for/against beyond what can be solved at the individual level.

by rTX5CMRXIfFG

3/24/2026 at 4:33:06 PM

> I am going to say this for all the people thinking like this. This attitude will get you nowhere in life. It historically never has and in the future it never will.

I'm picturing a 12th century French feudal lord saying these words to some of his serfs complaining from a lack of firewood.

by thrance

3/24/2026 at 4:08:12 PM

You can use AI because you know its good for you, but still think it won't make all people better off

by Faaak

3/24/2026 at 3:57:55 PM

I am going to say this for all the people thinking like this : lol

by pjerem

3/24/2026 at 3:59:02 PM

Hmmm ... there is definitely historical precedence for the article's assertions.

There is also precedence for what happens when such a big wealth imbalance is present (spoiler: it's a revolution).

This article is methodical in its points.

Your retort reads like an easily dismissed hot take.

by danesparza

3/24/2026 at 4:07:59 PM

And your retort (and this report) are doom and gloom. Humans are remarkably good at adapting and have adapted through far worse conditions than economic systems. The negative net is easy and very popular today but positivity is just as possible. It’s all about how you read data and there’s a lot of room for interpretation. If you’ve fallen for the doom that’s on you but calling something with so much historical precedence as hope for humanity ‘an easily dismissed hot take’ doesn’t make you look very bright.

by hluska

3/24/2026 at 5:30:25 PM

>And your retort (and this report) are doom and gloom. Dinosaurs are remarkably good at adapting and have adapted through far worse conditions than _______, hell, they were around 99 million years longer than humans.

Species go extinct all the time, most species go though all kinds of things before then, so there is nearly zero correlation between surviving something bad in the past and surviving something else bad in the future.

Modern humanity is not anti-fragile any longer like we were in the past.

by pixl97

3/24/2026 at 4:29:08 PM

The articles argument is fine, but it takes as an axiom that AI is better right now at much cognitive work. I haven't found that to be true in the tasks I've looked at.

It's certainly cheaper and faster, so there's potential for it to unlock more demand but I'm sceptical that current models will replace a large fraction of knowledge work.

by disgruntledphd2

3/24/2026 at 3:31:11 PM

If the vast majority live at a "borderline biblical" standard of living, then there is simply not enough excess wealth to pay for the data centers (or more accurately, the industrial output necessary to build and maintain those data centers) you're talking about. Agrarian societies (i.e. borderline biblical), by definition, do not have the excess labor necessary for industrial output at any scale (here I mean anything more than a few % of contemporary levels).

by rmah

3/24/2026 at 3:34:37 PM

What are ai and robots other than excess labor, waiting to be allocated? Why does the wealth have to come from the meat bags?

by sdenton4

3/24/2026 at 3:57:36 PM

Who is going to buy the stuff that the AI and robots produce, then? What will the point be of producing all this stuff?

by pastel8739

3/24/2026 at 5:18:29 PM

>There isn’t a rule of economics that says better technology makes more, better jobs for horses. It sounds shockingly dumb to even say that out loud, but swap horses for humans and suddenly people think it sounds about right.

--CGPGrey, Humans need not apply.

You need a paradigm shift in your mind on why the modern world looks like it does. You don't need human consumers, you just need a consumer. Any system that allows you to get the hard resources you need to produce the hard/soft resources required is simply enough. Humans are fungible for anything else that can provide manual or intellectual labor.

As a thought excercize, just imagine a bunch of AIs/robots buying/selling/trading resources between each other. Where are humans required in this?

by pixl97

3/24/2026 at 4:36:21 PM

In this scenario, where the AI and robots no longer rely on human labor for maintenance and growth, their productive capacity exclusively serves the owning elite (including defending them with violence if necessary) and the rest of us are an inconvenient growth occupying land and consuming resources.

This is a scenario where the AI/capital owners complex has already survived the collapse of the consumer economy.

by caconym_

3/24/2026 at 4:27:04 PM

What is the point of producing all this stuff now?

Historically production was transactional. You give me something, I give you something. But along the way the average Joe ran out of things to offer in return. Businesses give, but increasingly fail to receive in kind. Apple, for example, produced in excess of $50 billion dollars worth of value that they've never been able to get anything in return for. In other words, they have effectively given away $50 billion dollars worth of stuff away for free and have shown no signs of wanting to stop.

At least there is no direct transactional value. There is social value. When you've given away $50 billion dollars worth of things, the masses start to idol you. That is why people, like those who oversee Apple, are willing to produce all that stuff. You get social access not afforded to the average Joe. You can do stupid Epstien-style crap without repercussions. You get to live a different life even when you aren't directly getting anything in return. That, no doubt, will remain the point of producing stuff in the future.

by 9rx

3/24/2026 at 5:09:40 PM

In other words, they have effectively given away $50 billion dollars worth of stuff away for free and have shown no signs of wanting to stop.

What are you talking about? Is this some dramatic way of saying you think some of their products are underpriced relative to their specifications?

by anigbrowl

3/24/2026 at 5:19:56 PM

I am, of course, referring to the IOUs (a.k.a. cash) they famously are sitting on, and have been sitting on for decades. Technically they can call the debt at any time, but what does average Joe have to give that Apple would want? If there was something appealing they'd have done it already. In reality there is nothing and it will sit there forevermore and the consumers on the other side of the transaction ultimately got stuff for free.

But, as before, it doesn't really matter as rich people aren't interested in things. They already have everything they could ever dream of and physically cannot handle even more. They are interested in social standing.

by 9rx

3/24/2026 at 7:28:49 PM

By your measure, any company, in fact any entity, that isn't in the red is giving away something for "free". If Apple had made their products cheaper so that they just broke even, according to you, they would not have given away anything for free (as there would be no debt to receive or credit to provide).

And, as soon as they spend the cash, somehow their sales have retroactively gone from being donations to fair transactions. Allowing the future to affect the past is clearly absurd.

Apple is not giving away something for free; rather, they are losing possible future gains from immediately putting the cash to work.

by dag100

3/24/2026 at 7:42:12 PM

> By your measure, any company, in fact any entity, that isn't in the red is giving away something for "free".

If the debt is never called, yes, that is true. However, most companies don't get that luxury. For regular poor people, eventually those who control those companies need to call the debt to get the food, shelter, etc. they need to live and, when possible, things like entertainment, vacations, etc. to make life enjoyable. However, once you become rich, you transcend beyond that — where you cannot ever begin to call all the debt you've accumulated. It's a uniquely rich experience to be able to sit on billions of dollars worth of debt and not think twice about those who owe something.

> If Apple had made their products cheaper so that they just broke even, according to you, they would not have given away anything for free

Exactly. In that scenario both the buyer and seller exchange an equal amount of value. No debt lingers to be paid (or never paid, as the case may be) in the future. But Apple wants more. They want you to promise them something else in some hypothetical future.

Not because they think you, average Joe who cannot think of anything to offer the world beyond simple labor, will actually ever come up with some magical thing they want to buy. But because they know that the idea of holding debt gives them social standing; prestige. They aren't taking your promise expecting something real in return — hence why the debt simply accumulates — they are taking your promise because having that promise on paper offers them value.

And in some robot/AI future where humans no longer can even offer labor as something of marginal value, holding debt will still offer social standing and prestige all the same. Therefore there is no reason why these companies wouldn't continue to sell products to humans for fictional future promises, just like they already are.

by 9rx

3/24/2026 at 8:26:24 PM

You haven't responded to my second statement:

> And, as soon as they spend the cash, somehow their sales have retroactively gone from being donations to fair transactions. Allowing the future to affect the past is clearly absurd.

According to you, any transaction in which one party A proffers a non-currency resource, and the other, B, offers currency, is in fact the signing of a contract in which B promises to provide the other party something in the future. However, A could then turn around and promise party C for its resources using B's promise - and effectively transfer this promise to C, which then holds the right to demand resources from B.

You are effectively just describing the fiat system of currency where B is the government.

Calling cash, which is fungible and transferrable, "debt", which generally denotes an obligation of some sort, obfuscates what your logic.

Once you pay Apple - ergo, transfer it IOUs that represent your promise to provide resources in the future - it has no way of holding you to your promise other than by giving you back your IOU or giving it to someone else. This does not square with the definition of "debt".

Framing it in terms of debt simply confuses people. Of course a billionaire would not be able to "call all the debt [they have] accumulated". You're just saying that they maintain so much value that they can't ever trade it all for tangible goods and services. However, no-one except the government has to honour their request to trade their so-called "debt" that they have accumulated from others for actual resources.

by dag100

3/24/2026 at 8:31:43 PM

> Framing it in terms of debt simply confuses people.

Quite possibly. But that doesn't actually matter because if they don't understand something they will ask questions until they do understand, just as it seems you now do. That's how communication works. It is bidirectional for good reason. I admittedly don't understand what you are trying to add with this. What are we supposed to learn from this?

by 9rx

3/24/2026 at 8:47:23 PM

I would argue that most people already understand money in the way you describe it: as a medium of exchange. Your description of money just frames this function through the idea of an obligation of some sort which doesn't exist actually for anyone except the government.

by dag100

3/24/2026 at 8:51:09 PM

There is no framing beyond my intent. One may originally misinterpret my intent, but that's again why communication is bidirectional. I am still unsure of your intent in this. My failed interpretation is that you are trying to invent some kind of hypothetical communication problem that isn't one, but what are you actually trying to get across here?

by 9rx

3/24/2026 at 9:00:08 PM

What I'm trying to say is that I don't see any benefit in describing cash as "debt" and instead find it misleading as it implies an obligation to be fulfilled that doesn't actually exist for anyone except the government, and certainly not its customers.

In fact, to address an earlier comment:

> Not because they think you, average Joe who cannot think of anything to offer the world beyond simple labor, will actually ever come up with some magical thing they want to buy. But because they know that the idea of holding debt gives them social standing; prestige. They aren't taking your promise expecting something real in return — hence why the debt simply accumulates — they are taking your promise because having that promise on paper offers them value.

> And in some robot/AI future where humans no longer can even offer labor as something of marginal value, holding debt will still offer social standing and prestige all the same. Therefore there is no reason why these companies wouldn't continue to sell products to humans for fictional future promises, just like they already are.

The cash Average Joe proffers for a product - what you describe as "debt" - wouldn't be in Joe's possession without first being exchanged for Average Joe's simple labour. Simply put - Average Joe cannot be indebted to Apple without first trading his labour for someone else's indebtedness, which he then gives to Apple in return for his iPhone. If his labour has no value, he has no unit by which to even denominate any potential indebtedness he may offer.

by dag100

3/24/2026 at 9:11:26 PM

1. Well, cash is debt. Obviously all things in life are dependent on perspective, but the framing should be useful to separate the idea of a company seeking cash not because they want the raw silver, or what have you. If you try to think too hard about it you might end up confused, but then you ask for clarification and then are no longer confused. This is where I fail to understand what you are trying to say. We get it. You didn't understand the intent originally. That is why you asked for clarification. But your subsequent comments indicate that, upon receiving that clarification, that you do now understand. So the communication worked perfectly. My continued flawed interpretation is that you still seem to be trying to invent some contrived hypothetical, but that doesn't make sense, so I will have to ask you to clarify once again. What are you trying to say here?

2. At least where democracy is found, the government and the customers are the exact same people. The distinction you are trying to draw isn't clear either. What do you think government is if not people?

by 9rx

3/25/2026 at 12:18:30 AM

1. Whether it is debt or not makes no difference so long as someone else will take it. You imply that Apple having cash means customers owe Apple something. I say that Apple having cash just means Apple could have something else in the place of cash in the future if someone chooses to take Apple's cash for it.

2. I disagree. An autocratic government is fully capable of issuing fiat currency, and a the government being obliged to provide resources in return for its currency is a concept orthogonal to democracy. It doesn't matter whose "debt" cash stems from. All that matters is that it can be traded easily.

Also, I updated my comment to point out more clearly where I disagree with your conclusions. (Apologies for such a late response. I hit HN's rate limit.)

by dag100

3/24/2026 at 6:27:22 PM

This doesn't make any sense. Apple has a pile of cash hasn't spent or invested = they have given away free product?

by anigbrowl

3/24/2026 at 6:37:21 PM

A debt never called is the same as giving something away for free, yes.

Technically they can still call the debt, but the question remains outstanding: What do you have that they would want in return? The answer is effectively nothing, and increasingly so.

by 9rx

3/24/2026 at 11:32:03 PM

Who is the debtor in this case, the US government? You seem to think this is a brilliant insight but to me it seems like an empty truism.

by anigbrowl

3/24/2026 at 4:13:02 PM

There will be no point, and the stuff that normal people use will become more expensive as resources are more and more directed to megaprojects that the capital class is interested in. More modern equivalents of pyramids and extravagant castles and less consumers goods.

by TFYS

3/24/2026 at 4:14:21 PM

Presumably the captains of the universe will want ever increasing luxuries and expressions of their power.

by CalRobert

3/24/2026 at 6:52:02 PM

Why wouldn’t an advanced AGI robot, trained on human behavior, not want their own house and mode of transportation? Sure it’s basically kayfabe for them to ‘want’ the stuff we do but if we’re following the script of who will buy all the stuff, then the answer will be the robots I guess.

You think housing market are tough now, wait until you’re competing with 5 robot families who all have jobs you used to do.

by tren_hard

3/24/2026 at 4:08:46 PM

You act like I produce the dollars I spend. No, the government does, who debases our currency to print more.

by kjkjadksj

3/24/2026 at 4:55:37 PM

You act like I produce the silver I spend. No, the miners and minters do, who debase our currency mining and minting more.

Even if we tied our economic system to shiny rocks the vast majority of us aren't involved in the production of shiny rocks. We're still just trading tokens we agree have some kind of value.

by vel0city

3/24/2026 at 3:54:41 PM

In Marc-Uwe Kling's Quality Land novel [1], the absence of purchasing power resulting from AIs having taken over, is mitigated by shopping robots buying random useless stuff.

[1] https://www.amazon.com/Qualityland-Marc-Uwe-Kling/dp/1538732...

by repelsteeltje

3/24/2026 at 7:52:34 PM

I feel like this makes very little sense, because a purchase is a trade - one resource (currency) for another (the product/service). If the product has no value, there is no reason to engage in the trade. This can only exist for the purpose of wealth transfer from the operator of the shopping robot to the seller of the useless products, or as a facade of some sort.

by dag100

3/24/2026 at 9:38:12 PM

You are right.

The novel is a bit of a dark comedy sci-fi. And even though many details are surprisingly accurate (for a story written a decade ago) robots buying crap produced by robots is IMO meant to illustrate an absurd racket to inflate demand.

by repelsteeltje

3/24/2026 at 4:24:09 PM

So the broken windows fallacy for the AI age?

by senordevnyc

3/24/2026 at 3:32:05 PM

Robots will eventually be better than people at manual labor. I don't claim to know when that crossover will happen.

by energy123

3/24/2026 at 3:33:16 PM

This is still a "hard" problem from a scientific perspective. LLMs haven't taken us any closer to solving the perception, actuation, learning loop. It will require multiple new developments in material science and a new ML paradigm.

by glitchc

3/24/2026 at 4:00:56 PM

This is true about LLMs themselves but the developments behind them have been a boon for robotics. I’m mostly familiar with computer vision so I can’t speak to everything, but vision transformers (ViTs is the term to search for) have helped a ton with persistence of object detection/tracking. And depth estimation techniques for monocular cameras have accelerated from the top of the line raw cnn based models from just a few years ago; largely by adding attention layers to their model.

I agree that they’re not there yet but I don’t want to discredit the benefits of these recent advancements

by jevndev

3/24/2026 at 5:23:21 PM

While you're correct we still need a lot more, the advances in the past 5 years represent more than I've seen in most of my life.

Just look at the speed in which we can train a humanoid robot things now. We can send out a mo-cap human, get some data, and in few hours run a few hundred trillion simulations, and publish a kernel that can do that task relatively well.

LLMs allow us any perception at all. They feed vision to scene comprehension an then let the robot control part calculate a plan to achieve a goal. It's not very fast, and fine motor controls have a long way to go, but it is possible.

by pixl97

3/24/2026 at 4:00:18 PM

Robots are already way better than people at a vast majority of manufacturing work, but there's still plenty of high-skilled manual jobs around.

by zozbot234

3/24/2026 at 4:07:58 PM

There isn’t an alternative to allocating resources with money because money is a just measure of value.

Things will get valued, relative to each other. Because different things are harder to make, or needed more. And it’s a whole lot better to measure that and make decisions informed than to not measure properly, or ignore those measurements, and watch resources get misdirected in a way that shrinks the economy.

You can radically change the economy. But it’s going to either use money in the open or some much less efficient warped backroom version of money.

You can’t avoid having to pay for valuable things with valuable things. Money is just a ledger. But you can always add inefficiencies to transactions, or mismanage money, and make any problem worse.

My point is, there is probably something to what you are thinking but you are misframing it in a way it won’t work, unnecessarily. Consider what you really think should happen and what might be a better way to frame it.

Most likely, that means focusing less on money, and more on how resources cycle to create more resources, as apposed to less. And matching that to a problem where you can find reciprocal improvements if it is solved. Some waste is avoided. Some fraud or unchecked damage is eliminated. Some mutual arrangements are magnified, etc. There has to be a resource return cycle of some kind.

(Replacing every mention of “money” with “resources” tends to clarify what can work or not quickly.)

by Nevermark

3/24/2026 at 5:49:50 PM

Fiat is actually a warped backroom version of money. It's a measure of trust I think? You could replace it with something that represents resources, perhaps even [future] labor.

by 6510

3/24/2026 at 4:51:50 PM

I think this is a good way of thinking, and it suggests that breaking up large clumps of money and resources is a reasonable way forward

by monknomo

3/24/2026 at 7:18:58 PM

The problem is currency is inherently clumpy. While value is always judged and assigned to things, the existence of a static, cumulative ledger of it is not a requirement.

It doesn't take a lot to recreate the capitalism to feudalism pipeline. If you have currency, small imbalances in resources and needs compound over time, creating imbalances in wealth. Imbalances in wealth provide the opportunity to leverage that imbalance for further wealth by way of rentseeking. Wealth provides power which provides more wealth and more power. Eventually your landlords drop the "land" prefix and simply become nobility.

Prior to the invention of currency, we had reputation economies. One might be tempted to model such economies as just money economies with implicit ledgers, but that isn't how reputation works in the real world. Being implicit, reputation captures a lot of activity that doesn't warrant an overt exchange of currency. Think of all the things that you appreciate, and make you value a relationship with someone more, that would be terribly inappropriate to pay them for: the friendly guy at the pub who tells you stories of questionable accuracy, a fellow parent watching your kid during a playdate, anything in the romantic sphere at all. Reputation also doesn't add up in anything close to a linear way: The guy who did something really big once and the guy who did something small with extreme regularly over a long period of time both likely have stronger ties with others in their community than the one who sporadically provided middling value. Reputation also isn't particularly inheritable: I might feel some obligation to someone's kid because of my relationship with their father, but that obligation fades rapidly as they entire adulthood, and nobody owes you shit for who your grandfather was. Likewise, gifts from someone who has an embarrassment of excess are valued much less than the same thing offered by someone who has barely enough.

All told, reputation economies act as a damping function on wealth and power accumulation, whereas currency economies provide positive feedback on the same.

by OkayPhysicist

3/24/2026 at 8:42:07 PM

you give a nod to the solution. If we have an undamped oscillator, or a system with a tendency in an undesirable direction, we can damp it.

And currency (given that we make it up and have a reasonable degree of control over its worth and distribution) does not have to be a static cumulative ledger

by monknomo

3/24/2026 at 9:21:32 PM

Any solution needs the damping function to be intrinsic to the system, rather than tacked on as policy. Policy ends up being dictated by the powerful, so if your system's only check against runaway wealth accumulation is policy, eventually your guardrails will be demolished. It might not be today, it might not be tomorrow. But eventually, self-propelled wealth wins.

There are models of currency that try to include such dampening intrinsically (Tankies love talking about various experimental forms of currency as "labor vouchers" to try and sidestep the "moneyless" pitch of Communism), but I've yet to see one that really addresses the "wealth begets wealth, hierarchy begets hierarchy" problem.

by OkayPhysicist

3/24/2026 at 5:50:55 PM

The problem is just how far USD has departed from the value. There are some funny tricks people pulled with abstract concepts and now people have found a way to "print" their own money. It's created a new power and influence shift because you can just go to the Finance or Tech worlds and get money instead of producing actual value to other humans.

by scottyah

3/24/2026 at 5:32:41 PM

I mean, if any argument on why AI would extinct mankind, this is the most likely. Humans make no economic sense to an AI that controls all intellectual and manual labor. What do most humans have to reciprocate? Why not use the resources it gets to build more AI?

by pixl97

3/24/2026 at 5:07:49 PM

I agree with the risk you’re pointing to. Money currently mediates access to resources through labor and markets.

We either need to redesign money or a novel way to mediate access to resources. I haven't seen any proposal to make that work, which is a bit scary.

by gip

3/24/2026 at 7:40:49 PM

> There will be a few well off people with capital.

How much capital does one need to be in that group? Is that the same world wide, or location-dependent?

by tasuki

3/24/2026 at 3:34:37 PM

There won't be any well off people because the machines will rule. Humanity will become second to its own creation.

There is no future in which a human ruling class will be lording it over superhuman machine intelligence. I mean look at the clowns who run the world today. They won't be able to keep the machines from taking over.

by giacomoforte

3/24/2026 at 7:35:01 PM

I'd propose that the opposite is just as plausible. Look at the world today: compared to most of the people in charge, plenty in the underclass are superintelligent. Yet the rich remain that way, because the underclass are taught to play by the rules that were written by the rich. Who's to say the same scheme can't be pulled off against the machines?

by OkayPhysicist

3/24/2026 at 4:38:27 PM

Honestly, I'd rather be ruled by my laptop than the Epstein class.

by thrance

3/24/2026 at 4:38:21 PM

Luckily electromagnetism is the great equalizer. I'm imagining guerrilla warfare involving giant (in terms of GWh stored) Jerry-rigged capacitors driving electromagnets that are lobbed into places that would be extremely unappreciative surprise recipients of magnetic fields with flux densities measured in full Teslas

by atomicnumber3

3/24/2026 at 4:02:19 PM

I saw a gh for a $100 stringer missile last week. I often wonder if I will miss the stable tyranny of American capitalism if we descend back into warring nation states defended by cheap autonomous munitions.

by nipponese

3/24/2026 at 4:08:34 PM

That thing was a toy, not even remotely viable or even a meaningful step towards viability.

It was discussed here.

by mrguyorama

3/24/2026 at 5:34:31 PM

>or even a meaningful step towards viability.

Says the person that gets rocketed in the next civil war.

The more unstable our country becomes the more meaningful weapons like this will develop.

Hell, if I were a nation that controlled my internet and other information, I'd start injecting effective versions into the internet of 'free' countries so they could take themselves out.

by pixl97

3/24/2026 at 5:22:46 PM

Compared to an actual stinger missile and its usual application, yes. Deployed against soft targets like trucks, cars, or homes, it has the potential to be very effective.

by anigbrowl

3/24/2026 at 4:20:04 PM

Small ~$1000 drones have been proven to be very effective weapons in Ukraine though.

by bluescrn

3/24/2026 at 4:08:51 PM

they will get poor people to die fighting each other, as it works today.

by jorblumesea

3/24/2026 at 4:27:06 PM

Service for citizenship, stationed along the border walls and manning really big fucking guns seems to be the place my brain always goes to in these sorts of conversations.

by scruple

3/24/2026 at 5:04:13 PM

SERVICE GUARANTEES CITIZENSHIP

I'm doing my part!

Would you like to know more?

by vel0city

3/24/2026 at 3:57:54 PM

> Even worse, your labor will not be needed, nor will your intellectual abilities.

People keep saying this, but AI is making intellectual abilities more important, not less. If the computer was a bicycle for the mind, AI is like a supersonic fighter jet. You will still need plenty of ability to steer it properly for the foreseeable future.

by zozbot234

3/24/2026 at 4:29:58 PM

I like to call this "capitalist feudalism", and it appears to be the overt agenda of big business and their allies/agents in governments around the world, notably but not exclusively in the USA.

by gwerbin

3/24/2026 at 3:42:37 PM

Seems like if we want to avoid dystopia, our options are:

1. Full-blown socialism

2. Georgism

Georgism may have been right all along!

by adverbly

3/24/2026 at 3:52:08 PM

Given that rich people often push Georgism, it looks like a trojan horse. Only rich people will be able to afford land.

3. Push back against AI, do not accept it as inevitable. Treat it like cigarettes or leaded fuel.

by 5aq9238

3/24/2026 at 4:01:07 PM

> Only rich people will be able to afford land.

That's literally the problem Georgism uniquely solves. See: https://en.wikipedia.org/wiki/Georgism

> rich people often push Georgism

Your user was created 8 minutes ago specifically to make this comment!

It seems like its literally you who is pushing things! The gaslighting in this comment is insane!

by adverbly

3/24/2026 at 4:54:32 PM

> That's literally the problem Georgism uniquely solves.

Georgism solves for land not being used productively. That means it isn't economical for rich people to hoard land, but it also means that it isn't economical for poor people to hoard land. The difference is that rich people can take that land and start doing something productive with it (build large-scale housing, a factory, farm it, etc.) Poor people can, at best, only afford to hoard it — which Georgism puts a stop to.

by 9rx

3/24/2026 at 3:58:39 PM

> 3. Push back against AI, do not accept it as inevitable. Treat it like cigarettes or leaded fuel.

"Thou shalt not make a machine in the likeness of the mind of man"?

by GolfPopper

3/24/2026 at 5:54:18 PM

Only rich people can afford land now. The exception is some uninhabitable patches that would require you to give up your livelihood, except for the small amount of people who can work remotely and they can afford land already.

by scottyah

3/24/2026 at 4:58:09 PM

georgism would make owning property, such as ai, very expensive. it is a way of ensuring that rents get recirculated back into the rest of society

by monknomo

3/24/2026 at 4:39:11 PM

Rosa Luxemburg was right all along.

Our two options are socialism or barbarism.

by vrganj

3/24/2026 at 3:54:15 PM

Full-blown socialism is pretty dystopian.

by 3842056935870

3/24/2026 at 3:33:26 PM

So you are saying essentially nothing changes ?

by acessoproibido

3/24/2026 at 3:56:54 PM

The permanent underclass permeates everything.

by carabiner

3/24/2026 at 3:35:04 PM

[dead]

by redtrees11

3/24/2026 at 3:50:23 PM

End state of capitalism is Egyptian pharaohs, a few pyramid architects, and a lot of slaves and whips.

The only thing to counter this would be some sort of geopolitical Darwinism, where societies that invest more in their populations would have healthier and stronger societies and militaries.

But nuclear Armageddon prevents that from being any sort of slim hope.

The current American political climate of extreme service to the ultra rich, vast degradation of the democratic institutions, and infrastructure for a complete surveillance state is bleak.

The only hope I have for some sort of human structure in this technological wasteland that might win out is the fact that AI and the tech algorithms in general have taken the demographic collapse associated with urbanization and vastly magnified it.

We're already seeing this in places like China. If you have too much centralized control and too much limitation of freedom, The population will simply refuse to procreate, and your country dies a slow death over 50 years.

by AtlasBarfed

3/24/2026 at 3:37:20 PM

> The data centers will be guarded by automatons and drones.

Which is why Iran bombing a few Western-run data-centers located in the Emirates was cheered by many of the normal people actually living in the West. I’m pretty sure that if somehow Iran were to take out OpenAI’s servers for good that images with the Ayatollah will unironically start to spring up in the same West.

by paganel

3/24/2026 at 3:44:30 PM

Do you have any sources for "normal" people (i.e. not the terminally online) being happy that datacenters were bombed?

by jen20

3/24/2026 at 4:08:52 PM

> i.e. not the terminally online)

We're not in 2018 anymore, everyone is terminally online now, you must have missed the shift. I've seen mini-bus drivers watching social media videos (Tik-Tok, that is) while driving from all the way to Germany to here in Romania (from where I'm from), I noticed that because I was one of the passengers. Almost all of the remaining passengers (not middle-class, you can well imagine that) were on their phones for the majority of the trip (30-ish hours or so), that is when they were not sleeping.

by paganel

3/24/2026 at 4:33:16 PM

That didn't really answer the question...

However, using your phone does not make you terminally online. That is more of a mental state, and while some Europeans may be in it, my experience is that most are not.

by jen20

3/24/2026 at 5:17:43 PM

> my experience is that most are not.

As I said, my experience is totally the opposite, but I've started seeing that, i.e. the middle-classes trying to distance themselves from the internet (as present on their mobile phones), such as seeing that, i.e. being terminally online via one's mobile phone, as a "mental state". It wasn't a "mental state" when it was only the middle-classes who were doing it, back in the late-Obama era.

Back to your question, the people I shared my ride with, the normal people, have started being very conservative, I would say even luddite, when it comes to their voting choices, if you live in Europe you might have noticed that.

by paganel

3/24/2026 at 10:18:11 PM

"Terminally online" does not mean "uses the internet a lot".

by jen20

3/24/2026 at 4:37:51 PM

> I’m pretty sure that if somehow Iran were to take out OpenAI’s servers for good that images with the Ayatollah will unironically start to spring up in the same West.

Cute, but that's why they took over TikTok baby, so there's no chance of anything like that happening again.

by deaux

3/24/2026 at 3:45:33 PM

The idealized future in my option has something like 1/1000th of the current population

It’s thermodynamically impossible for 8-10Billon animals that have no satiation reflex and limited coordination capacity to live on a resource limited rock

Absolute Best case future is what I wrote in 2025 which is basically humans living in care facilities managed by machines:

https://kemendo.com/We%20All%20Slept%20Well.pdf

by AndrewKemendo

3/24/2026 at 4:17:38 PM

>The idealized future in my option has something like 1/1000th of the current population

Okay! You first though. What, still here?

by automatic6131

3/24/2026 at 4:40:53 PM

I’ve tried to kill myself a lot of times but people seem to want me to stay around so unfortunately I am stuck here with everybody else.

by AndrewKemendo

3/24/2026 at 4:36:39 PM

"You participate in society, how curious"

If they're choosing not to have kids then they are doing their part towards their beliefs.

by deaux

3/24/2026 at 4:47:25 PM

Nope, using the "I am very intelligent" comic doesn't work to defend those who want to eliminate society

by automatic6131

3/24/2026 at 4:58:40 PM

Oh see that’s where you’ve hallucinated (apparently not just computer hallucinate after all ;))

Who said anything about elimination?

All that has to happen is for people to stop reproducing

We’re already pretty well along that track (except Afghanistan and the DRC)

by AndrewKemendo

3/27/2026 at 11:48:17 AM

>All that has to happen is for people to stop reproducing

And if they don't?...

by automatic6131

3/27/2026 at 7:11:01 PM

More of the same then

by AndrewKemendo

3/24/2026 at 4:58:39 PM

There is a more direct action possible here.

The thing is, in advocating for removing 999 out of 1000 people (how? I don't hear a suggestion for a gradual decline, so assuming a bloody genocide seems like a reasonable interpretation), opens a body up to pretty harsh criticism. It's reasonable to read that line of reasoning as a direct threat!

by monknomo

3/24/2026 at 3:52:53 PM

That is a strange ideal, and I am an environmental nutso myself.

by AtlasBarfed

3/24/2026 at 3:58:53 PM

You have a better long term plan for humanity?

Whats the next 20000 years look like in your mind?

by AndrewKemendo

3/24/2026 at 3:59:28 PM

Hey, I saw that movie! The little robots were cute.

by GolfPopper

3/24/2026 at 4:04:51 PM

Which?! I’d love to see a version of my short story of someone already did it

by AndrewKemendo

3/24/2026 at 4:07:30 PM

I think that the parent means Wall-E: https://en.wikipedia.org/wiki/WALL-E#Plot

by philipkglass

3/24/2026 at 3:18:37 PM

It is already pulled up before, AI just pulls faster

by croes

3/24/2026 at 3:32:14 PM

The dude has obviously never met a multimillionaire owner of an auto body shop, a house demolition business, or a plumber. Did they do well in high school calc class? No. Are they richer than the author? Yes

Blowing up the cognitive hierarchy is a gift that AI gives us. Let's move into an age where hard work and character matter more than your SAT score at 17.

by botswana99

3/24/2026 at 3:34:26 PM

Why do you think a high SAT score doesn't need "hard work and character"?

by triceratops

3/24/2026 at 3:40:03 PM

The SAT is a measure of test-taking ability, socioeconomic status, a narrow band of academic skills, and processing information under time pressure.

I don't think it measures much else.

Why do you think the SAT is a measure of hard work or character?

by trillic

3/24/2026 at 7:44:37 PM

You think test-taking and information processing ability comes without hard work?

by triceratops

3/25/2026 at 2:38:53 PM

I think cognitive ability is a real thing with a genuine genetic component; twin studies make that pretty hard to deny. But the SAT measures a narrow slice of ability under conditions that favor prep access, and speaking from experience, scoring well on standardized tests without having to work for it hurt me long term. I coasted on test-taking ability and didn't develop real discipline until adulthood.

Without standardized tests, my transcript probably doesn't get me into a top school, I likely don't end up in tech, and honestly maybe I would've been forced to develop a work ethic earlier, which might have been better for me.

by trillic

3/24/2026 at 3:45:32 PM

> Why do you think a high SAT score doesn't need "hard work and character"?

Well, it absolutely doesn't need both, because I got one without, at least, the first of those (beyond the extent that "getting up early on a Saturday" and "sitting calmly while bored out of my mind after finishing each portion of the test waiting for time to expire" is "hard work".) I like to think I had the second, but it didn't seem particularly relevant to the test in any way.

by dragonwriter

3/24/2026 at 3:45:44 PM

The SAT, like general intelligence, is half hard work and half inherited ability, from what I've read. Characteristics that you have no control over, like height, intelligence, race, or sex, should not determine your wealth. It should really be about hard work and character; that's fair. At least in the U.S., there are too many industries like law, venture capital, or VC-invested startup founders, where the pedigree of your school is what matters to your success.

by botswana99

3/24/2026 at 3:37:19 PM

AI automating (almost) all white collar work will concentrate all those salaries into the hands of a very small group of people.

BTW the number of plumbers who become multimillionaires is vanishingly small, while the number of SWE who have in the last 15 years is enormous by comparison.

by ixlixl

3/24/2026 at 3:42:07 PM

Neither statement is true, unfortunately. The reports that you read in the media don't reflect the state of the world. In the US, most plumbers and SWE make between 100-200K. The way to wealth is to start one's own business. Hence, hard work and character.

by botswana99

3/24/2026 at 3:49:36 PM

> In the US, most plumbers and SWE make between 100-200K.

$62,970 per year is not $100K-$200K

https://www.bls.gov/ooh/construction-and-extraction/plumbers...

by dragonwriter

3/24/2026 at 4:09:49 PM

median plumber salary: $63k https://www.bls.gov/ooh/construction-and-extraction/plumbers... median Software Developer salary: $131k https://www.bls.gov/ooh/computer-and-information-technology/...

Where are your statistics?

by ixlixl

3/24/2026 at 3:45:05 PM

People will charge less when there are more people fighting for the same plumbing roles no?

by intended

3/24/2026 at 3:50:15 PM

I hope so, plumbers are damn expensive

by botswana99

3/24/2026 at 3:44:01 PM

The author mentions the French revolution, and that is a really important thing for the elites to understand. Class mobility -- as much as it existed because for a lot of people it didn't -- is what keeps the heads of the elites attached to their bodies.

When the system gets destroyed, and when the wealthy extract all the wealth from society, a lot of desperate people start looking for reform. And when the wealthy control and limit all means of reform (buying politicians, limiting free expression on social media, etc), reformists realize the only remaining path is revolution.

by pbiggar

3/24/2026 at 5:09:50 PM

Hey HN, author here.

Thanks a ton for the comments, really appreciate it.

It seems like a few of you haven't really read the piece before forming your opinion on it, which is understandable, it's super long. So here's a short version:

https://danielhomola.com/m%20&%20e/ai/your-bridge-to-wealth-...

Re the LLM accusations: it's true that I let Claude and Gemini suggest and streamline passages. It's a long piece of text and I was struggling with the tone of it (it touches on biology, stats, history sociology and ends w a letter to my kids) - it was hard to keep it coherent and stylistically cohesive. However saying this is AI slop is absurd. I'll just leave it at that.

I'll try to reply to some of the criticism individually.

Thanks again!

by bayeslaw

3/24/2026 at 3:31:15 PM

While the message is valid, it's ironic that this was clearly written by AI.

by ctenb

3/24/2026 at 3:48:25 PM

The author is saying there was some kind of class mobility around the start of industrial revolution/dawn of capitalism. Which is simply false.

by sourmike

3/24/2026 at 3:39:22 PM

LLMs look to be the first technological innovation which will not engender an accompanying expansion in the labour market and new jobs to match the increase in the size of the economy --- Karl Marx is finally right.

by WillAdams

3/24/2026 at 3:29:38 PM

Prompt better. This is 10k words most of which are just garbage filler. Utterly unreadable.

by renewiltord

3/24/2026 at 3:59:39 PM

The author's conclusion is fucking astonishing. Don't respond with bitterness - focus on your hobbies, friendships and love. Exactly how are people meant to do any of that exactly when, as you've just laid out, they are not going to have any ability to keep a roof over their head?

> And critically: part of what made the present possible was that some of those hundred billion people pushed, slowly and painfully and often without reward, against the legal structures that governed their time.

Rather than mincing words how about we state plainly how most of those pushes were made: through violence, death, and war.

by rcarr

3/24/2026 at 3:54:25 PM

Some good arguments - it would have been much better if it was not LLM produced slop.

by postexitus

3/24/2026 at 4:00:07 PM

Read The Dark Enlightenment by Nick Land.

My tinfoil pet conspiracy is that the billionaires know AI is going to be fundamentally incompatible with Capitalism and Democracy and are pressing the gas pedal to force us into a state of corp-state run techno-feudalism.

The TL;DR to you can extrapolate from: Nick Land believes that the Catholic church was the only true exemplar of a perfect control mechanism for humanity.

by fraywing

3/24/2026 at 5:26:29 PM

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by anshulbasia27

3/24/2026 at 5:13:18 PM

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by throwoutA556789

3/24/2026 at 3:57:10 PM

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by ryguz

3/24/2026 at 3:55:08 PM

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by osaka2077

3/24/2026 at 3:32:33 PM

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by lucasay

3/24/2026 at 3:25:37 PM

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by jasonmp85

3/24/2026 at 5:51:25 PM

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by bustah

3/24/2026 at 5:48:51 PM

[dead]

by bustah

3/24/2026 at 3:22:52 PM

oh gee doomsday is coming yeah yeah

by therealdeal2020

3/24/2026 at 3:29:47 PM

As if this isn't intentional or an added benefit. AI is the wet dream of the capital class, no need to negotiate with greedy workers asking for rights and benefits. There will be a chasm between the wealthy and everyone else. the future is looking more and more like feudalism.

by jorblumesea

3/24/2026 at 5:08:15 PM

I've looked forward to the destruction of the credential system as it seemed "highly unjust" and like a top barrier to people's freedom (although it hardly seemed to be talked about as such). It locked people in to specific industries or locked them out in distasteful ways.

So I largely view AI in a positive light as cutting out this middle man to some extent.

The process might rather be:

IQ → skills → heritable wealth

Unfortunately the credentialed sometimes possess skills, but at other times "merely" possess the credential (so, they may not do a good job). Other people with skills might not possess credentials today and so society forcibly prevents them from using those skills (!) at times. It will be nice if AI nudges the "system" in to accwpting more work without required credentials.

Credentialing can still exist as a voluntary system and I don't per se object to that; it was more the involuntary aspects of credentials that have been off putting. (Although to some extent e en "voluntary" credentiala may not be as voluntary as there may be capital and biological constraints, as the article might get in to).

This conversation about credentials might ultimately loop back to considerations of primitivism, i.e. arguments that involuntary credentials are necessary to a highly advanced technological society, and so if anyone likes "freedom", they must be more in to "primitivism" and against technology, which necessarily "enslaves" people to a credentialed system and dependence on a highly interconnected technological system. Stated otherwise: if the credentials are not optional, then our society is something of a collection of people immersed in "technological slavery", rathee than free people who might live without respect to credentials or technology.

by erelong

3/24/2026 at 5:13:45 PM

Credentials are a way to externalize trust. The trend with AI is to further erode trust. There will be a reaction against this eventually, and it's likely that more mechanisms to externalize trust will be found, not that they will become unimportant.

by jmcqk6

3/24/2026 at 5:55:45 PM

I think the problem is, compare credentials with reputation. A programmer who possesses no credentials might create "good" software that is validated as "good" even by those possessing credentials. However, a person with credentials related to programming, might produce malicious software that betrays the "trust" of the credential. Thus, just like the fallacy of the labor theory of value, credentials do not inherently relate to the production of heritable wealth. AI shines a light on this disconnect, and that actually the involuntary nature of certain credentials (as opposed perhaps to credentials themselves) creates certain classical impediments to the creation of wealth.

Thus, maybe credentials might be thought to be "necessary but insufficient" for achieving certain goals or validating trust. But even in this above example, the credential was not even necessary for the production of "good" software. AI of course simply exposes this truth as it gives more direct access to skills and knowledge to the average person: the (involuntary) credential was never necessary for doing some of these things, and we are able to remove the necessity entirely in some cases.

by erelong

3/24/2026 at 8:43:17 PM

It sounds like you have a particular bone to pick though you're only doing it by talking in generalities in the OP, and now you're talking about programming credentials.

I don't know of any required credential to write software or be a programmer.

When I think about credentials, I think about doctors and lawyers. In both cases, I'm going to demand that the people I work with are credentialed, and there is no way that I'm going to change that.

Can you give a specific example of something that requires a credential today that you would like to see relaxed?

by jmcqk6

3/24/2026 at 9:09:08 PM

It's mostly a problem with "requiring" the credentials by law

I have no problem with you wanting your doctors or lawyers to have credentials for your own needs

I take issue with people requiring me to seek doctors or lawyers with credentials, as that then has set up a compulsory system which reduces the quality and quantity of law and medicine produced, which has predictably created things like doctor shortages today (see news stories on doctor shortages)

So AI will fill some of these shortages if there aren't burdensome regulations put in place to prevent it from doing so (such as regulations that currently exist)

by erelong