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If most of the jobs get replaced by AI, how people will have income to spend on products which will likely be produced by AI itself? (lemmy.today)
submitted 5 months ago by to c/asklemmy@lemmy.world
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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?

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[–] 4 points 5 months ago

as others have stated if you've spent any time in the corporate world, especially the tech industry, you'd realize that they simply don't think that far ahead. They live in the now. They live by the quarter. beyond that there's no point in thinking about 2 to 5 years down the line. As long as they're making money now then that's all that matters.

It's the same with billionaires and the wealthy. They can't think that far ahead, they don't need to. They don't need a retirement plan, they can stop whenever they want. But who will cook their food? produce their goods? etc? who cares they aren't thinking about that. they live in the now, quarter to quarter.

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