> you're slowly squeezed out of the system like a toothpaste.
AI could theoretically solve production but not consumption. If AI blows away every comparative advantage that normal humans have then consumption will collapse and there won’t be any rich humans.
It depends on the market. I worked with contractors back in 2008 who said it became easier to find work during the crash because they were seen as Capital Expenditure while Full-Time Employees were considered Operating Expenditure and were being laid off en-masse.
AI could theoretically solve production but not consumption. If AI blows away every comparative advantage that normal humans have then consumption will collapse and there won’t be any rich humans.