AI 2027

> AI has started to take jobs, but has also created new ones.

Yeah nah, theres a key thing missing here, the number of jobs created needs to be more than the ones it's destroyed, and they need to be better paying and happen in time.

History says that actually when this happens, an entire generation is yeeted on to the streets (see powered looms, Jacquard machine, steam powered machine tools) All of that cheap labour needed to power the new towns and cities was created by automation of agriculture and artisan jobs.

Dark satanic mills were fed the decedents of once reasonably prosperous crafts people.

AI as presented here will kneecap the wages of a good proportion of the decent paying jobs we have now. This will cause huge economic disparities, and probably revolution. There is a reason why the royalty of Europe all disappeared when they did...

So no, the stock market will not be growing because of AI, it will be in spite of it.

Plus china knows that unless they can occupy most of its population with some sort of work, they are finished. AI and decent robot automation are an existential threat to the CCP, as much as it is to what ever remains of the "west"

>History says that actually when this happens, an entire generation is yeeted on to the streets

History hasnt had to contend with a birth rate of 0.7-1.6.

It's kind of interesting that the elite capitalist media (economist, bloomberg, forbes, etc) is projecting a future crisis of both not enough workers and not enough jobs simultaneously.

I don't really get the American preoccupation with birth rates. We're already way overpopulated for our planet and this is showing in environmental issues, housing cost, overcrowded cities etc.

It's totally a great thing if we start plateauing our population and even reduce it a bit. And no we're not going extinct. It'll just cause some temporary issues like an ageing population that has to be cared for but those issues are much more readily fixable than environmental destruction.

Don't try to reason with this population collapse nonsense. This has always been about racists fearing that "not enough" white westerners are being born, or about industrialists wanting infinite growth. For some prominent technocrats it's both.

The welfare state is predicated on a pyramid-shaped population.

Also: people deride infinite growth, but growth is what is responsible for lifting large portions of the population out of poverty. If global markets were repriced tomorrow to expect no future growth, economies would collapse.

There may be a way to accept low or no growth without economic collapse, but if there is no one has figured it out yet. That's nothing to be cavalier about.