"When computers do most jobs, human labor is relatively unimportant, and whether human wages rise or fall depends on whether owners of capital place a strong special value on services that only humans can provide. If they do, human wages can rise with the economy again, but if not, then human wages fall faster than computer prices now do. During this phase, economic growth is much faster."
Robin Hanson's "Economic Growth Given Machine Intelligence" about 1994, if memory serves.
"What does this all mean for you now? If you expect that you or people you care about might live to see an upload transition, you might want to start to teach yourself and your children some new habits. Learn to diversify your assets, so they are less at risk from a large drop in wages; invest in mutual funds, real estate, etc., and consider ways in which you might sell fractions of your future wages for other forms of wealth. If you can't so diversify, consider saving more. [18]
18. This is, by the way, the same strategy that you should use to prepare for the possibility that A.I. is developed before uploads."
Robin Hanson, "IF UPLOADS COME FIRST" 1994.
