Outside view: If I got WID data right: net personal wealth of US top percentile increased from $.59 Million in 1820 to $13.53 Million in 2024. For the bottom two deciles of India it increased from $58 to $228.
The industrial revolution made some people very rich, but not others. Why would transformative AI make everybody incredibly rich? See also https://intelligence-curse.ai/
I used: Average net personal wealth, all ages, equal split, Dollar $ ppp constant (2024) (I’m new to WID database and did not have time to read the data documentation. Let me know if I interpret data wongly.) Source: https://wid.world/
Outside view: If I got WID data right: net personal wealth of US top percentile increased from $.59 Million in 1820 to $13.53 Million in 2024. For the bottom two deciles of India it increased from $58 to $228.
The industrial revolution made some people very rich, but not others. Why would transformative AI make everybody incredibly rich?
See also https://intelligence-curse.ai/
I used: Average net personal wealth, all ages, equal split, Dollar $ ppp constant (2024)
(I’m new to WID database and did not have time to read the data documentation. Let me know if I interpret data wongly.) Source: https://wid.world/
Hi Matthias. Thanks for linking to the World Inequality Database (WID). I had never checked it out, and it has very interesting data.