alt Hacker NewsAs AI becomes more and more capable and integrated into our lives, we will see this across many industries.
In theory, as things get cheaper to produce, business profits should rise and governments should be able to raise more taxes. So the government then has more means to provide goods and services for free to people who need them.
Replies
MiroslavPokorny • today at 8:22 AM
How many years does it take for a robo taxi to break even ?
➕ show 1 reply
> business profits should rise
It's the snake eating it's tail. For business profits to rise, people need to to have disposable income. If you replace enough people with AI, the average disposable income comes down to a point that businesses can't be profitable.
We are already seeing a localized version of this with restaurants in large cities.