Part 4/16:
Anton: That's one of the really surprising findings. The idea is that a lot of people in Silicon Valley have this notion that at some point in the future, machines will be able to do literally everything that humans can do. If that's the case, then from an economic perspective, the wages of workers are going to be at the same level as the cost of the machines that can do the same things.
However, the big question is what our economy will look like during the transition to that future as we progressively automate more and more. If we have a little bit of automation, that's painful for the automated workers, but as long as we accumulate enough capital, it's actually beneficial for the rest of the workers because it makes their contribution to the economy comparatively more valuable.