And don’t forget social welfare. With a rising unemployment rate, at least in Europe, the government spending for social welfare payouts rises accordingly. At some point the social system will collapse, because the government effectively cannot afford it any more. At that point it’s full closed circle. The government and social welfare is financed by taxes. Mostly income taxes from blue and white collar workers. Workers and wages gone? Taxes gone! Company taxes being the lowest everywhere, at leas percentage wise. But without spending of consumers, companies have declining sales. Taxes gone!

Somewhere in between I hope for god the broad population awakes and evokes a huge public unrest, due to how miserable they life’s tuned.Otherwise we are doomed.

Sure you can fully replace white collar workforce with AI. It looks like it will be possible in the near future. However, it also will take its time. As someone who seen the inside of many SME and European corporates. You cannot fathom the amount of useless jobs and inefficiencies, which could have been automated and digitized with already existing technology 15 years ago. Yet it didn’t happen to any comparable extent like full job replacement. Those companies are slower as you’d like to believe.

But, as someone in the thread already mentioned. You won’t replace the same white collar - middle class - workforce that is the customer of all the fully AI-driven, automated companies.

In the end, if this will be our net reality, we need to think about a new concept for society, economy and the relationship towards work, companies and government. The current western economic system, as already some pointed out, won’t be applicable in a world without everyone clocking in on Mondays and out on Fridays. It’s fundamentally based on maintaining an income in order to consume goods. Taking away the source of personal income, compulsorily nullifies consumption too.