To compare, great depression had 25.6 unemployment rate. It helped the WWII to happen. It wont be the end of capitalism. But, it would mean major outbursts of violence and major civil war or revolution. Where AI companies will be (deservely) the hate targets.
But my point really was that it is economic nonsense.
> Where AI companies will be (deservely) the hate targets.
That depends on what those companies do in response. Giving away robot-produced stuff for free could quicky earn them praise, instead of hate. If human-level robots enable massive increases in efficiency and production, at least one of the companies will decide to mitigate any risks in this way.
You are severely underestimating how much free stuff would 349,163,268 of American citizens need to make a small difference. To achieve that, they would need to steal farms from current owners.
And they will be hated, because they stripped people of future and bought in violent hellscape for literally everyone.
> You are severely underestimating how much free stuff would 349,163,268 of American citizens need to make a small difference.
You don't need to persuade all of them.
> To achieve that, they would need to steal farms from current owners.
Steal, or buy? And perhaps not. With robotic labor massively increasing economic efficiency, other forms of production could become viable, such as vertical farming.
But my point really was that it is economic nonsense.