Barrick on Nostr: Hi Lyn, When AI eliminates jobs and takes away peoples ability to earn a living, ...
Hi Lyn,
When AI eliminates jobs and takes away peoples ability to earn a living, society suffers. Right now, AI is generating wealth, but that wealth largely benefits those who own or profit from AI. If all the economic gains from AI are concentrated in the hands of a small elite, what happens next?
A thriving economy depends on widespread consumer spending on entertainment, food, travel, and more. But if the majority of people lose their jobs and income, demand for these goods and services collapses. The wealthy 1% alone cant sustain entire industries if there are no workers to produce or provide what they enjoy.
This raises a key question: Should AI-driven profits be redistributed, perhaps through a universal basic income, to ensure economic stability? Without a solution, the cycle of production and consumption that keeps economies running could break down.
When AI eliminates jobs and takes away peoples ability to earn a living, society suffers. Right now, AI is generating wealth, but that wealth largely benefits those who own or profit from AI. If all the economic gains from AI are concentrated in the hands of a small elite, what happens next?
A thriving economy depends on widespread consumer spending on entertainment, food, travel, and more. But if the majority of people lose their jobs and income, demand for these goods and services collapses. The wealthy 1% alone cant sustain entire industries if there are no workers to produce or provide what they enjoy.
This raises a key question: Should AI-driven profits be redistributed, perhaps through a universal basic income, to ensure economic stability? Without a solution, the cycle of production and consumption that keeps economies running could break down.