Comment by mschuster91
4 hours ago
> People aren’t going to stop wanting stuff.
The danger arises when people want stuff but cannot afford it as there is no more work and what remains of available work (i.e. trades and sex work) is being fought over heavily, driving down the prices.
When that "cannot afford it" extends to necessary stuff such as housing and food too much, eventually there will be a revolution once people are fed up.
The US is in a particularly bad spot here - in contrast with other countries that experience utter poverty (e.g. Afghanistan), most of the population lives in urban areas and has zero opportunity to at least engage in subsistence farming. Whoops.
Food is a good example. HN can talk about the effect of AI on industry. The average person is fully prepared to blame AI on any incidental food shortages. Maybe even the next pandemic.