Whether as a labour efficiency tool or complete displacement of workers, Artificial Intelligence (AI) is set to undermine the established economic model. At stake is lost income, or even jobs, putting huge strains on public finances and risking public unrest. It’s not like this is a new story: ancient Rome’s slave labour replaced employment for the working classes (‘free to be poor’). The welfare bill – bread and games – to keep the proletarii subdued, and resulting tax rises, helped bring down the Empire.
Source: vatcalc.com
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