Your vision of the future and automation is way too humanistic. AI does not need to create anything new, it only needs to do what humans already do but faster and cheaper.>It’s hard to argue against automation when statistics are clearly illustrating its potential. The latest evidence comes out of a Chinese factory in Dongguan City. The factory recently replaced 90 percent of its human workforce with machines, and it led to a staggering 250 percent increase in productivity and a significant 80 percent drop in defects.https://www.weforum.org/agenda/2017/02/after-replacing-90-of-employees-with-robots-this-companys-productivity-soared
This is an article from 5 years ago.>>1096>we are entering a labour market that needs more workers not less
On the contrary, we keep making up jobs to account for the displacement already caused by automation because, well, we can't have welfare for NEETs, let alone the abolishment of labor, can we?
The way automation works is easy to understand: first, factories are automated and the ones who own them will realize massive increases in their profits, which will lead to more jobs, right? Then the second phase kicks in, when the rate of profit starts falling down and nearing zero. This happens because the very same automation that brought in profits has reduced living labor (actual workers, the source of all profits). Profits fall because the employment of actual workers in production falls, and this leads to less demand for laborers. This is when shit hits the fan and businesses go bankrupt, people get thrown into the streets and states collapse.
When that happens, it’s going to trigger every nutjob on the planet who will try to find a scapegoat to blame for this, while others will demand more wage labor to fix the problems caused by wage labor itself. Everyone will be too desperate to think that a better world is possible and will want to go back to the old world instead, something repeatedly proven wrong by anyone in history who tried to turn back the Post too long. Click here to view the full text.