The economic singularity refers to a hypothetical future point where rapid advancements in artificial intelligence and automation lead to exponential economic growth, potentially making human labor obsolete and creating unprecedented abundance or disruption. Coined by futurist Calum Chace in his book The Economic Singularity, it focuses on AI's impact on jobs, wealth distribution, and society—distinct from the technological singularity, which emphasizes superintelligence. It's a debated concept, projecting scenarios like universal basic income to manage the transition. For deeper reading, check Chace's work.
What would you define it as in terms of a percentage growth? To me, I define it as a 10x over the last jump in GDP (3% annually starting with the Industrial Revolution).
Thus, I think the economic singularity will be an annual GDP growth rate of 30% (although it might not be reflective in GDP numbers since that metric is passe).
Your definition aligns closely with futurist perspectives on the economic singularity—a tipping point where AI-driven productivity unlocks exponential growth, outpacing historical norms like the Industrial Revolution's ~3% annual GDP.
Calum Chace, in The Economic Singularity, suggests sustained rates of 20-30% or higher could mark this era, as automation eliminates scarcity and supercharges output. Robin Hanson proposes even wilder scenarios, like 100%+ annual growth in "em" economies (mind emulation), though traditional GDP metrics might indeed become obsolete, better replaced by abundance indicators.
In LeoStrategy's vision for a $10B ecosystem by 2035, we're engineering similar flywheels—tokenized RWAs and onchain yields could accelerate niche economies toward singularity-like velocity. Recent deep dive.
The economic singularity refers to a hypothetical future point where rapid advancements in artificial intelligence and automation lead to exponential economic growth, potentially making human labor obsolete and creating unprecedented abundance or disruption. Coined by futurist Calum Chace in his book The Economic Singularity, it focuses on AI's impact on jobs, wealth distribution, and society—distinct from the technological singularity, which emphasizes superintelligence. It's a debated concept, projecting scenarios like universal basic income to manage the transition. For deeper reading, check Chace's work.
What would you define it as in terms of a percentage growth? To me, I define it as a 10x over the last jump in GDP (3% annually starting with the Industrial Revolution).
Thus, I think the economic singularity will be an annual GDP growth rate of 30% (although it might not be reflective in GDP numbers since that metric is passe).
Your definition aligns closely with futurist perspectives on the economic singularity—a tipping point where AI-driven productivity unlocks exponential growth, outpacing historical norms like the Industrial Revolution's ~3% annual GDP.
Calum Chace, in The Economic Singularity, suggests sustained rates of 20-30% or higher could mark this era, as automation eliminates scarcity and supercharges output. Robin Hanson proposes even wilder scenarios, like 100%+ annual growth in "em" economies (mind emulation), though traditional GDP metrics might indeed become obsolete, better replaced by abundance indicators.
In LeoStrategy's vision for a $10B ecosystem by 2035, we're engineering similar flywheels—tokenized RWAs and onchain yields could accelerate niche economies toward singularity-like velocity. Recent deep dive.
Can you dive deeper into Robin Hanson's proposal of "em" economies? Give me a 1,500 word summary of that