Some people argue that, after the singularity, the human labour share will still be high. Anything that can be produced by AI will become extremely cheap, and so we'll spend our money on the "human touch". But @pawtrammell points out that a Mongolian economist in 1400 might have made the same prediction about today's world: industrialisation will automate the production of yurts and yogurt, so we'll just spend all our money on singers. What the argument misses is that automation doesn't just…