an AI does 95% of a job but a human is still required for the last 5%
This is the kind of scenario I was talking about in my initial comment.
The naive assumption about this scenario is that it would result in 95% of jobs disappearing, but based on history it's more likely that we just do 2000% more stuff with the same amount of human effort.
And if AI really replaces 100% of human labor, are we really going to retain an economic system that only works when humans are doing labor?
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This is the kind of scenario I was talking about in my initial comment. The naive assumption about this scenario is that it would result in 95% of jobs disappearing, but based on history it's more likely that we just do 2000% more stuff with the same amount of human effort.
And if AI really replaces 100% of human labor, are we really going to retain an economic system that only works when humans are doing labor?