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Claim · 2000-08-19 · event · Stated in source · Supported

Hanson’s paper “Economic Growth Given Machine Intelligence” (wording attested 2000-08-19) models machines that substitute for human labour; it says that substitution can eventually dominate, making wages fall as fast as computer prices, and that wages might fall below human subsistence levels if machine subsistence levels were lower.

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What it connects

Economic Growth Given Machine Intelligence → articulates → Machines cheaper than labour at every task

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