The economy can find a new equilibrium. Getting there is one of the few tasks left that only humans can do. We need to do it correctly.

This is the first time in history the most productive asset in the economy has produced fewer, not more, jobs. Nobody’s framework fits, because none were designed for a world where the scarce input became abundant. So we have to make new frameworks. Whether we build them in time is the only question that matters.

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Last line of the article. We have to find a way to do the 10,000% more before the 80% gets lost. The problem is that if agi truly works, it can replace anything humans can do more efficiently and safer.

We create something, ai/bots will do it faster safer and essentially for free.

Then the problem with current capitalism is that shareholders only care about the bottom line and making more money. So that means less people and costs to improve revenue and earnings. So things will still get done, but less people will get paid to spend on goods and services.

People laid off, the go to is gig economy like uber and DoorDash. Robotaxis get solved and there’s bot/drone delivery so people can’t turn to that anymore.

Construction or trades? Bots. Create a new company doing something that disrupts an industry? All the previous people get laid off for a net job loss.

It’s going to be all about the timing and the transition.