Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI.
AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.
@zdenDuran14@davidpattersonx There will be universal high income (not merely basic income).
Everyone will have the best medical care, food, home, transport and everything else.
Sustainable abundance.
Elon Musk said saving for retirement becomes pointless in 10 to 20 years. Not speculation. Math.
Musk: “Don’t worry about squirreling money away for retirement in like ten or 20 years. It won’t matter.”
We passed the event horizon. Retirement savings assumes scarcity persists. It won’t. AI and robotics collapse labor costs to zero. Living costs follow. You’re not saving for security. You’re saving for a world that stops existing.
Musk: “If any of the things that we’ve said are true, saving for retirement will be irrelevant.”
Actually, AI/Robotics will mean everyone can have a penthouse if they want. The output of goods & services will be several orders of magnitude higher than today’s economy.
Read the Iain Banks Culture books for the best imagining of how it will be.
That said, what is the future you want? Amazing abundance seems the best to me.