“Starting in about 2030—four years away—80% of all jobs will be capable of being done by an AI,” Khosla said. “What happens when all labor is free? $15 trillion of U.S. GDP is labor, and that $15 trillion will mostly go away. That’s a hugely deflationary economy. But the abundance of goods and services [thanks to AI and robotics] will be very, very large. Prices will be very, very low. I would suspect by 2040, $30,000—or maybe even $10,000—will buy much more than you can buy if you have a $100,000 income today.”
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