Dear PhD AI worker,
How come you're not being paid 2x what you are now? Yes, 2x. Productivity of the worker has gone up 2x in real terms since 1973. Yet your pay is less than that, even YOURS, Dr. AI worker.
Suppose most jobs are automated, and the few remaining jobs have many highly qualified people who need that job. What happens to the price of labor? Market forces push wages down--people underbid you just to work. THAT is why your pay doesn't match your productivity. And the trend is accentuating.
Those high paid high level creative jobs you like to imagine? They ONLY exist if there is market for them, i.e., if the 1% (or whoever controls the resources) decides to allocate resources for them.
And they're not, hence the depressed wages ACROSS THE BOARD. I've got a PhD too, doing creative non-automatable work, and I SURE WOULD like to be getting paid 2x as much. But I'm not, and it's flatly because the rest of the labor market is depressed.
I'd sure love to keep doing creative non-automatable work, but I can only do that if it pays, which in turn depends on how many creative non-automatable jobs the 1% wants to devote resources for. And guess what: the 1% is apparently deciding that research and technology investment needs to drop because it is a "cost". Government investment is declining too. So capital (the 1%) thrives on productivity increases and everyone who must labor, is, frankly, slowly starving to death.
At least in the USA.