If stuff is 1/10th as expensive as it is now, you can also work 1/10th as hard for 1x as much stuff as you have now, instead of 1x as hard as you work now for 10x the stuff.
I'm not making a value judgement on how much I would or other people should consume in the first scenario. I'm simply saying that you could have profound effects due to AI without it being evident in the top-level metrics like economic growth, unemployment, and so on. It seems like we often say that either we see explosive economic growth or AI has either no, or at best very minimal impact in our lives. I don't think this dichotomy is correct.
I agree that that dichotomy is not necessarily true, but also you gave your reason for being "more excited" about one side of the dichotomy being that you "don't want 10x the stuff," and my point is that you're undervaluing the flexibility of material abundance.
