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?
I think we tend to forget that companies are not “people” or a thinking thing. They are run by people. All the current CEOs only care about getting money to themselves. By the time things are close to collapsing, these people will have made more than enough money for themselves and pass off the CEO seats to someone else for that to be their problem.