Scientific data can be gathered and mined, just like gold, provided you put in the hard work. Pretending that data came from the heavens instead of from people can’t help but shrink the overall economy. Capitalism only works if there are enough successful people to be the customers. No economy can be sustained on the backs of a few hundred major companies with a handful of employees and virtually no overhead. No amount of cost lowering can foster economic dignity when it also means that there are fewer good jobs.
We can’t tell how much of the success of an AI algorithm is due to people changing themselves to make it seem successful. People have repeatedly proven adaptable enough to lower standards in order to make software seem smart. Efficiency is a synonym for how well a server is influencing the human world to align with its own model of the world.
The future is uncertain. The death of traditional jobs in the manufacturing and retail industries and the decline in the middle class are just some of the factors contributing to the decline. No amount of cost lowering can foster economic dignity if it also means that there are fewer good jobs.