AGI is claimed to drive human wages to zero and require UBI and AGI taxation, but the paper's own Cobb-Douglas equations do not support the wage collapse.
A note on the Cobb-Douglas function
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This note observes that the Cobb-Douglas function is uniquely characterized by the property that, if the labour share of cost for a constant-returns-to-scale firm remains constant when the firm minimizes its cost for any given output level, then the firm's production function must be Cobb-Douglas.
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Artificial General Intelligence and the End of Human Employment: The Need to Renegotiate the Social Contract
AGI is claimed to drive human wages to zero and require UBI and AGI taxation, but the paper's own Cobb-Douglas equations do not support the wage collapse.