The essay explores the potential for negative economic growth due to advanced AI automation. It argues that if automation displaces most workers and reduces their income, thereby decreasing demand for goods and services, the economy could shrink despite increased production capacity. The author examines two scenarios: one in which satiated preferences and income redistribution from workers to capital owners lead to a demand collapse, and another in which automation reduces savings and the capital stock, affecting future generations.
https://aleximas.substack.com/p/will-advanced-ai-lead-to-negative