jevon paradox
Replace or Reshape: How AI Could Change the Way We Work
Christopher Marquis is a professor at the University of Cambridge and the author of The Profiteers. In 1930, in the depths of the Great Depression, John Maynard Keynes wrote a short essay called . It is often remembered for one striking prediction: by 2030, people in wealthy countries might only need to work about 15 hours a week. What Keynes imagined was a society advanced enough to solve what he called the "economic problem" of basic material provision. If technology kept improving, and societies kept growing richer, then fewer hours of human labor would be needed to produce the necessities and comforts of life.