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The Economic Impact of AI on the Economy
I am predicting that within 10 years, we might be getting something close to 30 to 40, maybe 50% unemployment. That is much bigger than the big depression of the early 20th century after the first World War. Politicians are not even talking about it right now. Look at the bubble. How can we resolve something like this? I tried to mention that in the article. What will happen is that productivity will be going up in leaps and bound. It will be unbounded the amount of productivity gains. Will have a potential of deflation, which is a disaster from an economic perspective.