AI gets so good that companies replace high-paid workers with cheap AI. Laid-off workers spend less → revenues fall → more automation → more job losses. Markets, loans, and banks were built on the assumption that humans earn steady incomes. If intelligence becomes cheap and unlimited, human labor loses value — and the financial system built on it starts to crack.
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For those who haven’t read the Citrini piece:
AI gets so good that companies replace high-paid workers with cheap AI.
Laid-off workers spend less → revenues fall → more automation → more job losses.
Markets, loans, and banks were built on the assumption that humans earn steady incomes.
If intelligence becomes cheap and unlimited, human labor loses value — and the financial system built on it starts to crack.