While browsing LinkedIn, I came across a term I had not known before: 'The Economy of Human Scarcity.' Is man rare, or will he become rare? If we take the literal meaning of the term! Or is the meaning beyond the literal definition! And this is exactly what I found: its true meaning is the scarcity of human traits and abilities that AI tools will not achieve, and which create economic value. But answering this question led me to another: when will we reach this scarcity?

Related News

A few years ago, writing reports or analyzing data and the like required years of learning and experience, whereas today AI can produce acceptable results in minutes. So the current focus is not whether you can do the task, because it has become available to almost everyone (or more precisely, to those interested); rather, it is what you can add that AI cannot. From this perspective, the contours of the new economy have begun to emerge, called the Economy of Human Scarcity. It does not mean we are becoming fewer in number, but that our human qualities, which are difficult to replicate, are becoming scarcer than ever. And we know that we will not reach this point now or tomorrow, because we are still feeding AI and it feeds on us for the near future. Until then, many believe that creativity will be humanity's last bastion. Perhaps that was a true reality a few years ago, but today AI can draw, compose music, and generate ideas that seem creative. This does not mean creativity is over, but it means it is no longer the decisive advantage that only humans possess; rather, the ability to take responsibility for it is the real bastion. A machine can suggest a thousand decisions, but it does not bear the consequences of any of them. For example, it can write a contract, but it does not bear its legal implications. This leads us to the future where the rare person will not be the one who knows, nor even the one who creates, but the one who possesses sound judgment, a trustworthy reputation, and the ability to make decisions and bear their outcomes. This is built through experience, trust, and responsibility. Perhaps this is why, the more abundant AI becomes, the more valuable the real human becomes — not the human who repeats what the machine says, but the human who knows when to agree with it, when to oppose it, and when to take responsibility for a decision that contradicts its suggestion. @2khwater