alt Hacker NewsThis is already to some extent a solved problem. The top 10% of households in the US for example are 50% of spending, the "horses" to a large extent already don't matter to the economy. This is similar to the relationship between US consumers and workers in undeveloped nations during globalization. Historically this tends to be resolved when it creates an unsustainable level of political instability, but there are many new ways of managing this.
https://libertystreeteconomics.newyorkfed.org/2026/05/tracki...
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I keep reading this idea and I think something is missing.
Lets take this to the extreme: only 2 people remain with capital and AI all the rest are replaced.
Now these two people how do they make money? they pay each other so there is no extra value created thus the amount of money as value symbol remains constant.
But here is an even more interesting question: As their AI can create anything why would they pay each other? So why do they need money?
That sounds off intuitively. The lowest earners are the base making higher earner possible both through their labour and consumption.
How many of these top 10% of households will have their breadwinners be replaced with AI? The LLM boom is aimed at them, professionals, knowledge workers, not at landscapers and plumbers.