Permanent Underclass

The idea of a permanent underclass has recently been embraced in part as an online joke and in part out of a sincere fear about how A.I. automation will upend the labor market and create a new norm of inequality. In an A.I.-dominated future, those with capital will buy “compute” (the tech term for A.I. horsepower) and use it to accomplish work once done by humans: anything from coding software to designing marketing campaigns to managing factories. Those without the same resources will be...