DeepMind Proposes a Three-Stage Safety Net for an AGI Economy
Economic Policy for AGI
DeepMind's new paper warns that AGI could automate cognitive work faster than society can adapt. To avoid past mistakes of acting too late, it proposes a framework to evaluate 11 policy ideas—from expanded unemployment insurance to a Universal Basic Capital backstop—and identifies three 'least-regret' interventions tied to clear economic triggers. The analysis used 51 AI agents trained on real economists to rate each policy.
The question is: Can we reduce or avoid such harm this time, while preserving the benefits of technological progress?
- SoftTalker
> Yet in the short term, significant transformations have often also produced lower wages for many, hollowed out regional economies, and deepened inequality.
"Short term" being rather loosely used? Most industrial regions have never recovered. Look at Gary Indiana, Detroit and surrounding towns, Toledo, other regions that were dependant on manufacturing or mining. Most have been stagnating for decades; few have found a path back to a thriving economy.
- jaggederest
My read, but the effective policies are infeasible, and the feasible policies are largely business as usual. Pretty much precisely as expected, honestly. I struggle to see how anything like this is going to be implemented without business as usual changing in ways that the current system is extremely resistant to.
- peter-m80
What about socializing the means of production???
- arbirk
Embodied robots is the most significant threat imo. Capital can be taxed but for now we have few general policy frameworks for the "who gets to walk and drive on the street" question
- misano
We are moving closer to the future Marx envisioned as a utopia—not through a workers’ revolution, but through capitalist productivity.