People are concerned about how AI and robotics are taking jobs, destroying livelihoods, reducing our earning capacity, and subsequently destroying the economy.
In anticipation, countries like Canada, India and Finland are running experiments to pilot the idea of "universal basic income" — the unconditional provision of a regular sum of money from the government to support livelihood independent of employment.
But what people aren't talking about, and what's getting my attention, is a forthcoming rapid demonetization of the cost of living.
Meaning — it's getting cheaper and cheaper to meet our basic needs.
Powered by developments in exponential technologies, the cost of housing, transportation, food, health care, entertainment, clothing, education and so on will fall, eventually approaching, believe it or not, zero.
........
These differences likely represent cultural differences in each of the three very different countries — but overall, you see that the majority of expenditures are in these top 7 categories:
Transportation
Food
Healthcare
Housing
Energy
Education
Entertainment
(6) Education
Education has already been demonetized in many respects, as most of the information you'd learn in school is available online for free.
Coursera, Khan Academy, and schools like Harvard, MIT and Stanford have thousands of hours of high-quality instruction online, available to anyone on the planet with an Internet connection.
But this is just the beginning. Soon the best professors in the world will be AIs able to know the exact abilities, needs, desires and knowledge of a student and teach them exactly what they need in the best fashion at the perfect rate.
Accordingly, the child of a billionaire or the child of a pauper will have access to the same (best) education delivered by such an AI, effectively for free.
https://singularityhub.com/2016/07/18/why-the-cost-of-living-is-poised-to-plummet-in-the-next-20-years/
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