Imagine this scenario:
- All companies start producing mostly using only AI and firing people, because people have no use anymore
- Joe spend most of his income on digital video games products
- Joe get fired because he got replaced by AI now, since AIs are taking over most jobs
- Joe has no income anymore
- Joe doesn’t have any more money to spend on video games
- Companies have no more profit, because people don’t have income, so people can’t spend on their AI produced products
In this scenario both lose, the company adopting AI and the worker. Am I missing something? Is there any possibility besides Universal Basic Income to keep the system running and not collapsing?
This is not specific to AI. This has been slowly happening over decades, wealth is accumulating in smaller and smaller sets of people. Capitalism is cancer on humanity.
Those big bosses just want to take everything and give nothing, whatever that means. It doesn’t matter if it kills them in the end too.
This is unsustainable, and it will get much worse before it can get better (if ever).