A question about the future and automation

[Ivyleaguestoner]

If AI and automation continues to replace jobs then what will happen to the economy?
Machines don't spend money.
If most jobs are replaced then what will happen to capitalism?
My job will, in time, be replaced by a computer. My partners already has in many parts of the world. There will not be enough jobs for us all to move into new roles.
Unemployment benefits will not stretch to us all spending money in the same way we do whilst employed. And so will the economy just slump, and will it matter?

New sectors will create new jobs...and there will be universal income too.

Midwife. No one wants a robot with flying claw arms going anywhere near their nether regions.

Maybe a bit overly impressed by ChatGPT?

I haven't caught up with the whole thread, so I'm not sure if this has been shared already, but there was a great BBC Reith Lecture on this topic by Stuart Russell. Definitely worth checking out if you have time www.bbc.co.uk/programmes/m0012fnc

I found this video very enlightening

Big tech and woke are destroying the middle class | Joel Kotkin interview

🤣🤣🤣

I thought the plan for the wealthy is to colonise space. Why not try & save resources/the planet/invest in renewables etc but to create artificial ones in space is beyond me but….
It does feel scarily dystopian