In the long run, I expect the economy to be much richer because of AI, all else equal. All 15 respondents predicted that AI would boost productivity.
I also expect high returns to capital because of growth from AI.
Putting this all together, I expect labor force participation to decline in the long run.
I expect in the long run work will be less fundamental to ensuring a reasonable level of consumption.
I also expect people will benefit from capital income that induces income effects but not substitution effects, either via directly owning capital themselves or by receiving payment from civic institutions or governments.
I don’t think it’s likely that labor force participation will decline in the long run because AI makes it impossible for most people to find jobs and drives them towards destitution.