Reply to Generative AI set to affect 300 million jobs across major economies

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[quote=Anonymous][quote=Anonymous]The latest breakthroughs in artificial intelligence could lead to the automation of a quarter of the work done in the US and eurozone, according to research by Goldman Sachs.

The investment bank said on Monday that “generative” AI systems such as ChatGPT, which can create content that is indistinguishable from human output, could spark a productivity boom that would eventually raise annual global gross domestic product by 7 percent over a 10-year period.

But if the technology lived up to its promise, it would also bring “significant disruption” to the labor market, exposing the equivalent of 300 million full-time workers across big economies to automation, according to Joseph Briggs and Devesh Kodnani, the paper’s authors. [b][i]Lawyers[/i][/b] and administrative staff would be among those at greatest risk of becoming redundant.

https://arstechnica.com/information-technology/2023/03/generative-ai-set-to-affect-300-million-jobs-across-major-economies/[/quote]

Assuming this comes true and 25% of the jobs in the US are replaced by AI, how do those people make money/make a living?  if they don't who will buy all the junk that is stocked at stores like costco, bestbuy, safeway etc?  If the answer is no one, how will those companies stay afloat?  If they can't what does that do to the companies that depend on selling software (including AI) to those companies?  To the global economy that pretty much depends on exports to US and EU to grow?

If 25% of the workforce is laid off (and no, the vast majority of them don't want UBI or other handouts) that would be the end of the US economy, and by extension, the global economy.. There will be blood on the streets (and not figurative kind that Warren Buffet talks about).  I don't think Governments will allow this.[/quote]

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