Comment by BirAdam
Comment by BirAdam 4 days ago
If all jobs were taken by AI in a short time span, the companies owning and operating those AIs would go out of business as no one would be able to afford the products made by the AIs. This is an unlikely scenario. Not all things will be made/run by AIs in a short time. It is far more likely that specific jobs in specific industries will be taken by AI, and AI will slowly take the labor market. This will drive down prices on products, services, and labor. Once human labor's price is low, and once many product prices are low, the overall employment level of humans will rise. The effect of AI then is actually just deflationary pressure on all prices over time.
The really scary part is what happens to all of the newly unemployed people between the falling prices part and the rising employment part. My guess is, governments and markets won't move quickly enough and unrest is what happens.
We might just keep making more jobs and coming up with more busy work to keep people grinding away for 40 hours a week.
If you look at 1940, women were ~24% of the workforce. Now in 2025 they are ~48%. The numbers are probably similar with immigrant workers having increased greatly in the last 80 years.
If you view AI workers as just more labor flooding the workforce it might have a similar affect. If we flooded the 1940s economy with 10s of millions of qualified women and immigrant laborers people would have viewed it as devastating to the economy, but introduced gradually over time we arrive at a point now where we fear what would happen if they went away.