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by boshalfoshal 399 days ago
Imo it probably (unfortunately) doesn't matter if many people are unemployed from an economic perspective.

Human demand for things is basically unlimited, and capital will ostensibly be concentrated within the upper class who reaped all the benefits of ai automation. Monetary velocity within that upper strata of society will probably be only slightly lower than what we have now overall, the rich would just be paying for more things and more expensive things. If I had to guess there would still be plenty of economic activity, just amongst the people who actually have money to transact.