I can’t stop thinking about the possibility that AI could destroy a large number of white collar jobs. With the proper integration of AI into enterprise workflows, it is easy to imagine many roles disappearing without a comparable number of new ones being created. At the same time, I struggle to imagine a world where, for example, 40 percent of the population is unemployed and without income. I do not see how an economic system could function under those conditions. If that happened, consumption would collapse. Companies would lose customers and many would fail. Hotels, ski resorts, and restaurants would struggle to survive without a middle class able to spend money on travel or leisure. Banks would face massive loan defaults if large numbers of people could no longer repay mortgages or other debts. Universities would also be hit. Why would someone spend 200,000 dollars on a degree if there are no jobs waiting afterward? Governments would face the same problem. Where would their revenue come from? If people do not have income, they cannot pay income taxes. If consumption falls sharply, companies earn less and also pay less in taxes. In that scenario the problem would not affect only developers or marketing analysts. It would affect the entire economy. And it is difficult to believe that such an outcome would be in anyone’s interest. submitted by /u/Consistent-Appeal922
Originally posted by u/Consistent-Appeal922 on r/ArtificialInteligence
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