Google DeepMind co-founder Mustafa Suleyman warns AI is a ‘fundamentally labor replacing’ tool over the long term::Despite today’s AI hype, it’s still a “truly transformational” technology that will replace jobs unless policy steps in, Suleyman said.
I think it’s rather that current forms of capitalism are ‘fundamentally labor replacing’ with AI being the most effective tool to accomplish that goal.
Probably not. The same technology would be able to and would likely replace labor in any economic system. Exactly how that happens and what the effects on work and the workers is could vary. E.g. everyone working fewer hours vs some working full time and others living off a comprehensive welfare system, etc.