Follow up to: Brain Emulation and Hard Takeoff
Suppose that Robin’s Crack of a Future Dawn scenario occurs: whole brain emulations (‘ems’) are developed, diverse producers create ems of many different human brains, which are reproduced extensively until the marginal productivity of em labor approaches marginal cost, i.e. Malthusian near-subsistence wages. Ems that hold capital could use it to increase their wealth by investing, e.g. by creating improved ems and collecting the fruits of their increased productivity, by investing in hardware to rent to ems, or otherwise. However, an em would not be able to earn higher returns on its capital than any other investor, and ems with no capital would not be able to earn more than subsistence (including rental or licensing payments). In Robin’s preferred scenario, free ems would borrow or rent bodies, devoting their wages to rental costs, and would be subject to "eviction" or "repossession" for nonpayment.
In this intensely competitive environment, even small differences in productivity between em templates will result in great differences in market share, as an em template with higher productivity can outbid less productive templates for scarce hardware resources in the rental market, resulting in their "eviction" until the new template fully supplants them in the labor market. Initially, the flow of more productive templates and competitive niche exclusion might be driven by the scanning of additional brains with varying skills, abilities, temperament, and values, but later on em education and changes in productive skill profiles would matter more.
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