Nobel laureate in economics. In a paper in 2021 Nordhaus modelled the economic consequences of an AI-driven "singularity"—a point when output becomes infinite—describing an economy that becomes "information produced by information capital, which is produced by information, which in turn is producing information ever faster every year". He has shown that when labour and capital become sufficiently substitutable and capital accumulates, all income eventually accrues to the owners of capital. In his models, less-than-perfect substitutability during an AI breakout leads to an explosion in wages, yet wages still shrink as a share of the economy because the economy grows even faster.
Resisting temptation is easier when you think you'll probably get another chance later on.