AI and Aggregate Demand

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If AI can continue to get better, it destroys all jobs. Good!

But the problem is that it'll collapse aggregate demand.

If mass layoffs abound, then who will buy the products?

The same was seen in the 1930s, after Henry Ford's assembly line and other innovations, coupled with a debt crisis.

Buckle up!

Enjoy the ride!

Automate all jobs

UBI

Perhaps everyone would use AI to create their own goods

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