If we are to believe the hypemasters selling AI risk, it will increase profits across all industries by making human intellectual labor ("knowledge work") redundant, allowing the economy to operate at current output with a fraction of the labor
(the question becomes, once everyone is out of the job, who is paying for goods and services to keep the economy alive, hence - basic income)
(the question becomes, once everyone is out of the job, who is paying for goods and services to keep the economy alive, hence - basic income)