AI models will quickly automate the majority of expert work, but they will struggle with the final, most complex 25%. For a long time, human expertise will be essential for this 'last mile,' making it the ultimate bottleneck and source of economic value.

The optimistic scenario for human labor in an AI-driven economy is one of complementarity. If there are crucial tasks that only humans can perform (e.g., final approval, strategic oversight), they become a valuable bottleneck. The immense productivity of the machines they oversee would then drive their wages up significantly.

The assumption that superintelligence will inevitably rule is flawed. In human society, raw IQ is not the primary determinant of power, as evidenced by PhDs often working for MBAs. This suggests an AGI wouldn't automatically dominate humanity simply by being smarter.

All-AI organizations will struggle to replace human ones until AI masters a wide range of skills. Humans will retain a critical edge in areas like long-horizon strategy and metacognition, allowing human-AI teams to outperform purely AI systems, potentially until around 2040.

Even super-capable AI will always look back to a human and ask, 'What should I do next?' The economic and technical incentives are aligned to build compliant tools, not beings with their own intrinsic motivations. This fundamental lack of agency ensures humans remain the drivers of value and direction.

Fears of mass unemployment from AI overlook a key economic principle: human desire is not fixed. As technology makes existing goods and services cheaper, humans invent new things to want. The Industrial Revolution didn't end work; it just created new kinds of jobs to satisfy new desires.

AGI won't eliminate all jobs because many roles contain a "Human Premium"—value tied to human involvement that AI cannot replicate. This includes inherent demands for relationship, embodied presence, trust, legal accountability, translation of complex needs, and encouragement for behavior change, ensuring durable roles for people.

AI's primary impact is not wholesale human replacement but rather collapsing the middle of the value pyramid by automating routine knowledge work. The value of human workers will shift to higher-level judgment and strategic oversight, where AI can structure options and simulate outcomes, but humans retain final say due to liability concerns.

Applying the economic principle of comparative advantage, even if AI achieves absolute superiority in all tasks, humans should specialize where their advantage is greatest relative to AI. This will likely be high-level "thinking," as human attention remains the scarcest resource in the collaboration.