> That leaves us with only 2 possibilities - AI either replaces a significant part of the workforce or it does not. If it does not, the bubble bursts and the economy crashes. If it does, the economy still crashes because consumer spending is 70% of GDP and if the majority of the population becomes unemployed
close, but you see, part of the plan is also that immigration is basically shut off. so the majority of the population laid off from their office jobs will have plenty of work to do in the fields and food processing plants if they want to eat.
> the majority of the population laid off from their office jobs will have plenty of work to do in the fields and food processing plants if they want to eat.
Indeed. The destination is agricultural serfdom, with current billionaires or their descendants as Lords of the manor.
close, but you see, part of the plan is also that immigration is basically shut off. so the majority of the population laid off from their office jobs will have plenty of work to do in the fields and food processing plants if they want to eat.