If AI Takes All the Jobs, Who Will Buy the Stuff?

The AI Paradox

🤖👥 In today's Techonomics episode, we delve into the intriguing paradox of AI and automation. Could they lead to widespread unemployment, and if so, who will be left to purchase products or services?

💼 Corporate Short-Termism and the Race for AI
Today, corporations are adopting AI and robotics at a swift pace, possibly outpacing society's ability to retrain for new jobs.

🛍️ The Impact on Consumers and the Economic Paradox
Corporations might be eroding their consumer base by replacing human jobs with AI and robots, resulting in a peculiar economic paradox.

🎯 Market Differentiation: Who Will Thrive?
Not all businesses will be affected equally. Those catering to everyone's essentials and the very wealthy might still prosper amidst the changes.

🔄 The Future: Balancing Short-Term Profits and Long-Term Implications
As technology advances, corporations need to balance their profit goals with societal implications. Those unable to adapt may suffer.

Don't forget to leave your thoughts in the comments section. Should corporations slow down their adoption of AI and automation to preserve jobs, or should society strive to adapt more quickly?

#ai #automation #jobmarket #consumerbehavior #corporations #technology #economictrends #futureofwork

TOPICS AND TIMESTAMPS:
AI Curious Case 0:00

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[CarlosCastro]

Reminds me of the meme "Yes the planet got destroyed. But for a beautiful moment in time we created a lot of value for shareholders."

[philippeleban]

If companies turn to AI as a disruptive solution then society should also disrupt those companies as well. Budweiser certainly has seen the effects of boycotting a company can have. AI is taking away, then we need to take away their potential of profit. This is a stand that society must take. A necessity.

[briansmith]

This is the Same thing that happened when the Manufacturing, shipping jobs to China. I would have thought the CEOs would have Learned. The Rule is: You can not do Business with people who do not have Money.
Be Well David 🙂

[WisdomSuccessAbundance]

Robots do the labor
Humans do the shopping with UBI

[mickeylickey]

I suspect if all jobs are taken by ai robots, we will all be receiving UBI depending on your political ideology and social credit score.

[lpcrazy]

They will sell to the robots and we, as the middle class and poor be left out. It's called extinction. 😢

[Rizky]

"Own nothing and pretend you are happy." - Klaus Schwab 2025

[zLeMans]

This transition with AI seems to be exponential not linear not good for workers, but it does seem like a lot of hype and not a ton of real world applications yet

[not_nostradamus]

AI has been around for 30 to 50 years. AI is nothing new, but the hype is overwhelming.
1.) The earliest example of AI is auto-pilot on airplanes. (about 50 to 70 years ago).
2.) Another early example of AI is macros in software such as Word Perfect, Word, Excel. (about 30 years ago)
3.) AI chatbots are affecting foreign call centers (Philippines, India, Bangladesh) as many U.S. companies moved first level customer support to foreign countries.
4.) AI is affecting Nigerian essay writers for U.S. college students.
5.) Modern cookware (Instapot, microwaves) are a form of AI. People don't have to slave over a hot stove to cook. Set the program on these cooking appliances and walk away. i.e. microwave popcorn, rice cooking, stews, bread makers, soups, yogurt.

[steltoronto]

Thank you once again David excellent video and very informative. 😊👍

[stebo]

Imagine if AI gets so strong that it fires the executives who implemented it and takes over the. Companies

[buildingsbeginnings]

One of the best channels on youtube. Thank you for the content.

[manuelagerlach]

This is the new $64K question. Thank you, David, for food for thought.

[ronjarman]

We have AI working with multiple different areas including direct healthcare already. I’m expecting to lose my position in about six months tops. AI isn’t a myth. It’s already here and advancing daily to move into more areas soon.

[lowRESpl]

The Jobs are not the only thing they want to get rid of.

There was a reason behind forcing popularions to accept a magic potions in lasy years.

[item]

Interestingly your vid title is almost a perfect match for the MIT News article, "Trading Places." In that article cheap Chinese labor played the role of AI and automation in this vid.

[jaffamanchang]

David, this thumbnail is outstanding, good work as always, thank you.

[mariagates]

You are invaluable David !! I appreciate you so much

[valerieponce]

Here for an an evening of Truth… TY Truth Man!

[halburd]

exactly been saying it years = the robot workers. fire all the workers people dont make money. what they going to buy with no money u fools?