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Economic Black Holes and Labor Singularities in the Presence of Self-replicating Artificial Intelligence

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  • Makoto YANO
  • Yuichi FURUKAWA

Abstract

This study is motivated by the widely-held view that self-replicating artificial intelligence may approach "some essential singularity . . . beyond which human affairs, as we know them, could not continue" (von Neumann). It investigates what state this process would lead to in an economy with frictionless markets. We demonstrate that if the production technologies, too, are frictionless, all workers will eventually be pulled into the most labor friendly sector (economic black hole). If, instead, they are subject to a friction created by congestion, it will eventually give rise to a state in which all workers will be unemployed (labor singularity).

Suggested Citation

  • Makoto YANO & Yuichi FURUKAWA, 2019. "Economic Black Holes and Labor Singularities in the Presence of Self-replicating Artificial Intelligence," Discussion papers 19062, Research Institute of Economy, Trade and Industry (RIETI).
    • Handle: RePEc:eti:dpaper:19062
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