unions

Who will have the income to buy?

You've almost figured it out with this question: billionaires will.

• If prices go too high, most people can't pay, so
• Prices go down, but
• Wealth has been massively concentrated amongst a small number of people, and
• If a pair of socks costs $40,000, one purchase can make up for thousands, therefore
• Robots which don't need pay or sleep making basic necessities like food and clothing and electricity can replace the workers in those industries, and
• The economy can continue with many fewer participants.

So where does that leave us? Why, in the ground old chum!

To be clear, I don't think this is going to happen for a while if it does, and it's far from guaranteed. There's a lot of enthusiasm around AI right now, particularly for the "Figure.01" OpenAI demo; we'll have to see if that lives up to the hype.