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Reply to "What happens to stocks, investing and generally capitalism when automation and robots do everything?"
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[quote=Anonymous]The AI boom is going to end up massively overstated, because the actual, real costs aren't priced into the products right now, and once companies/people see the real costs, they will realize it's not worth it. There are certainly areas where it will add efficiency- a lot of admin work, processing, etc. But that's the way things have been going for decades with automation, computers, etc. This is an evolutionary change, not revolutionary. And this is just the normal way of economic growth and change. This worry always happens with new technologies, etc, and there are always new jobs that shift/change to meet changing needs. https://en.wikipedia.org/wiki/Creative_destruction [/quote]
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