“ To the average reader this may seem like heresy, but the majority of economists hold that technology does not destroy jobs, it merely shifts laborers into better jobs.”
Then the majority of economists are less thoughtful than I would have hoped. We have -never- had a technological change like the revolution we’re in the middle of. Every technological change in the past was incremental. They were ways to make people more productive. The AI revolution is a totally different animal, it will make people unnecessary. In fact, employing people in a system will degrade it’s productivity.
And we’re not just talking the manual jobs, we’re talking about doctors, lawyers, programmers, investment bankers. Never before have these careers actually been at risk. But they are going to go away in a very short time (on historical scales), and if we do not have -some- method for people to feed, house, and clothe themselves, the streets are going to be very, very bloody. The concern over “utopias” or “socialism” are nothing but a distraction. We need something that works, no matter what it’s called. Frankly, I do not expect the oligarchs to allow anyone to implement any actual solution… So we’re most likely to see a complete collapse.