Suppose an AI model fully automates a $200k job. Its economic value - measured in contribution to GDP - will be both far more and far less than $200k. There are two ways of thinking about the model's economic value: (1) It'll be far more than $200k. After all, the human worker's labor was worth $200k; AI workers will have a bunch of advantages over humans, like not needing to sleep and being able to run in parallel, so their labor will be worth even more. (2) It'll be far less than $200k.…