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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 9 hours ago* (last edited 9 hours ago) by JohnDarlen@lemmy.today 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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[–] PetteriPano@lemmy.world -1 points 7 hours ago

Remember back when almost every scholar was employed copying books by hand? And then this jerk invents the print press.

The economy didn't collapse and everyone suddenly had access to more books for cheap. Scholars could spend their time reading books for the sake of reading, not just copying them. They could spend time writing their own books.

Going forward we'll just have the means to get more done.

There will still be jobs to do. We just don't have titles for them yet. If I told my grandma back when she was alive that I'm a web developer, she'd think I'd lost my mind and become a spider.

We're in a slightly better spot now where we have the means to feed and pay everyone without them necessarily having a job. There needs to be a political to do so, though.