Pardon me If I’m overthinking.
Now a days many companies are laying off people because of their investments in AI and robots.
If this continues for a while and big companies focus only on their revenue instead of involving people in their products, they may save some X amount of money.
In reality, we are living in a cyclical economy. If you produce something someone has to buy it or borrow it. So that you can make money. To buy or rent your product that third person also have money. To have that money either he has to do one or many of these like own business, farming, working in a pvt firm, etc..
If major companies use AI and robots everywhere in future, how does the money circulate among us? How will we earn to get food and take care of our families? How does the education system look like? How does the government make money and protect its people?
I’m not talking about software developers only, it includes wider areas like teaching, medicine, driving ..etc
It feels like only the people who have money can live comfortably and control everything (just overthinking).
I’m not sure whether this will happen or not in future but I’d love to see your thoughts on this.
