AI Promises to Take Over Work, Can It?

At a China Summit in the fall of 2019, Jack Ma and Elon Musk discussed their contradicting views on the future of artificial intelligence (AI). It was interesting discussion and I recommend watching it. In the talk, Musk lays out his fears that AI will quickly accelerate to push humans out of the way, a real-life Terminator. While Ma believes that AI will improve the human way of life and cause a quantum leap in human productivity to the point where we can all cut the number of hours we work while maintaining our lifestyles. Putting aside Musk's concerns of a computer takeover, I'd like to cast some doubt on Ma's hopeful outlook on the benefits of AI and why simply maintaining our lifestyles won't be enough.