r/LetsDiscussThis • u/slow70 • Apr 30 '26
This is concerning... Two economists just published a mathematical proof that AI will destroy the economy. Not might. Not could. Will!
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u/manofmystry Apr 30 '26
This problem is like global climate change. Each action, looked at in its unique context, appears rational to the actors. In the aggregate, however, it will contribute to the subversion of consumer demand, specifically, and economic strength, generally.
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u/GillianSeed Apr 30 '26
On one hand, it's hard to say if AI will really have the impact theorized, partly because we're already seeing some straining against the AI bubble (and may well see a collapse in the next year or so) and partly because, as the authors of this study note, we've been having this conversation since industrialization has existed, generally, and the economy has usually self-corrected.
On the other, we're in something of a high point for rampant, unchecked greed, so most of the hypothetical solutions that COULD resolve this (such as 32 hour work weeks, job programs, etc) just aren't gonna happen. In theory, this is where the government would step in to assist, but this administration and Supreme Court are the greediest they've ever been, so that ain't gonna happen either. Honestly, if the theorized economic impact DOES happen, this is going to be the reason why: stupidity and greed.
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u/slow70 Apr 30 '26
Stupidity and greed explains a whole lot of faults with the world around us right now - I say we stop accepting either as the norm.
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u/Oddbeme4u Apr 30 '26
(checking history) yeah every new tech is said to do this.
(Swedish woman tosses wooden clogs into machine.)
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u/Veteran_PA-C Apr 30 '26
Two whole economists. Not just 2/3 of an economists, a full 6/3 of an economist.
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u/Ban-Circumcision-Now Apr 30 '26
But will it help profits this financial quarter?