Part 6/16:
Anton: Exactly. If we automate very quickly and displace what the humans can do, but we haven't actually accumulated the machines that can produce the automated things cheaply, then the economy doesn't grow very much, but the labor already can become devalued and displaced. And if that's the case, then wages are likely to decline.
On the other hand, if we have sufficient capital accumulation - we produce lots of machines that can perform the automated tasks cheaply - then the value of the human labor in the remaining tasks will go up, and humans will be better off.
So human wages or we humans are better off in a situation in which we gradually implement AI technology, and we are worse off in a situation which we quite suddenly jump to human-level intelligence across the board.