I don't think we need wait for AI to take on blue collar work to cause chaos, demand would fall off a cliff if white collar workers are rendered obsolete, and blue collar wages would plumet surely, seems like an economic death spiral. Otherwise I'm quite optimistic, even in my work as an accountant I feel it slowly encroaching
I don't think we need wait for AI to take on blue collar work to cause chaos, demand would fall off a cliff if white collar workers are rendered obsolete, and blue collar wages would plumet surely, seems like an economic death spiral. Otherwise I'm quite optimistic, even in my work as an accountant I feel it slowly encroaching
That won't happen, because modern governments with fiat currencies have pretty much infinite ability to stimulate aggregate demand.