alt Hacker NewsTo compare, great depression had 25.6 unemployment rate. It helped the WWII to happen. It wont be the end of capitalism. But, it would mean major outbursts of violence and major civil war or revolution. Where AI companies will be (deservely) the hate targets.
But my point really was that it is economic nonsense.
> Where AI companies will be (deservely) the hate targets.
That depends on what those companies do in response. Giving away robot-produced stuff for free could quicky earn them praise, instead of hate. If human-level robots enable massive increases in efficiency and production, at least one of the companies will decide to mitigate any risks in this way.