My translation : assuming some bogus zero unemployment rate and economic conditions favoring Ai economy growth: in 10 years:77% of total incomes will land in Ai economy (pockets of Ai corporation, share holders) and 22 % of the total incomes will end up in pockets of non-Ai economy. Then claim is made that in such a case, only 5% of transfer of GDP is required to keep the things the same as they are now with similar growth.
The paper has basically ignored basic economic factors such as unemployment rate and there is no mention of Gini index in there at all. So the widening gap between high and low incomes is pretty much ignored because they have assumed that it wouldn't matter in their calculations. What is the point of such a projections if the most important variable in economy such unemployment rate and inflation are ignored.
My translation : assuming some bogus zero unemployment rate and economic conditions favoring Ai economy growth: in 10 years:77% of total incomes will land in Ai economy (pockets of Ai corporation, share holders) and 22 % of the total incomes will end up in pockets of non-Ai economy. Then claim is made that in such a case, only 5% of transfer of GDP is required to keep the things the same as they are now with similar growth.
The paper has basically ignored basic economic factors such as unemployment rate and there is no mention of Gini index in there at all. So the widening gap between high and low incomes is pretty much ignored because they have assumed that it wouldn't matter in their calculations. What is the point of such a projections if the most important variable in economy such unemployment rate and inflation are ignored.