this post was submitted on 17 Jan 2024
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Here we go! All aboard the mass unemployment train! Choo Choo!
I wonder if we can actually adopt technology so fast as to completely ruin our economy before we can notice that’s what’s happening.
Businesses are going to adopt AI and robotics to increase productivity and drive down costs. But it quickly becomes a tragedy of the commons if every business only considers their own selfish interests. Eventually there will not be enough employed consumers to be able to buy those products your pumping out at record rates.
especially for regions with developing middle class and a lot of people like india and china, rapid mass automation could crash the economy when local buying power disappears