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jmclnxtoday at 5:34 PM3 repliesview on HN

All well and good if you are employed, well off and rich. But if AI starts eliminating jobs, even being rich may not help you in the coming crash. Why a crash ? Most people will not be able to buy anything other than a bit of food and pay their rent, if they are lucky.

I doubt we will see most of these impacts for 10 to 20 years. I wonder if this is a reason Trump wants low interest rates ? With low rates the rich can borrow at a low fixed rate and purchase items like Gold and Land. Then when rates have to raise, more $ for them.


Replies

lazystartoday at 5:48 PM

> I doubt we will see most of these impacts for 10 to 20 years

Have you been to Seattle lately?

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maxericksontoday at 5:47 PM

It doesn't make sense. If there is a collapse in demand, prices will follow.

It's also reasonable to expect prices to go down if there is a productivity boom.

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oytistoday at 5:42 PM

That's if AI goes full singularity. Barring this scenario, it might be the end of while collar dream and social mobility in general, but not nessarily the catastrophic "nobody buys anything" change

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