AI-driven advances in materials science will make solar photovoltaic electricity extremely cheap, while robotic resource extraction and autonomous electric vehicles will bring the costs of raw materials much lower. With cheap energy and materials, and automation increasingly replacing human labor outright, prices will fall substantially. In time, such effects will cover so much of the economy that we’ll be able to eliminate much of the scarcity that presently holds people back. As a result, in the 2030s it will be relatively inexpensive to live at a level that is considered luxurious today.
