Rothmus 🏴 (@Rothmus) “A humanoid is a capital good on a scale that changes the constraint. It lengthen” — TopicDigg

A humanoid is a capital good on a scale that changes the constraint. It lengthens production and raises what labor and land can turn out, which is the abundance Elon is pointing at. A person supplies about 2,000 hours a year. A robot on a 168 hour week supplies about 8,700. His floor of 1 billion within 10 years, priced in the low 10,000s, equals about 4 billion full time equivalents against a world labor force of 3.5 billion. The 10 billion at 15 years is an order of magnitude past that. Robots building robots still require saving, because energy, materials, and machines have to be bid into that line. Expected abundance holds for ordinary wants which is what matters for people as consumers. Housing, food, care, and routine medicine get repriced toward energy and materials until a household’s budget stops being what limits them. An owner running 100s or 1,000s of agents earns the return on that capital stock, which is also how universal high income shows up as purchasing power. Money prices remain the way to allocate whatever is still scarce, that is energy, locations, raw materials. At least in the short term. Energy is the binding input, and settling more than one planet adds land, minerals, and generation beyond a single world. TLDR: (1) More energy. (2) Multiplanetary doesn’t hurt.