Easy for him to say: AI is almost guaranteed to hand a massive W to capital and L to labor. He is holding a title to rule over hell in one hand and promising to lead us to heaven with the other.
Yes, so there will be all sorts of attempts, and the productive forces will compete with each other, while landowners and owners of harder to disrupt industries will have the power to choose among them, deciding who will be allowed to be successful and who will fail.
There isn't a single ordinary person at the table, no labour unions, no political parties or anything democratic. It's Microsoft, it's Google, it's some venture-capital owned French firm, some venture-capital owned German firm, etc. Maybe if Schmidhuber's stuff is good as he hopes it is maybe there'll be an Austrian firm, etc., but mostly, it'll be a capital intensive business controlled by people with capital.
Who's going to work at all these companies then? Unless every single profession suddenly only requires 1 person to do the entire thing with no management, coordination or hierarchies, a lot of people will be labor not capital.
