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RE: Digital Abundance is Scarcely Valuable

in LeoFinance2 years ago

Naturally, scarcity is something that changes the perception of everything, even of skills, but, in my opinion, there is currently no danger that it will disappear because, as you rightly say, it is artificially created to create income.

Most of what we do is to service people to do things that don't really need to be done. Once AIs do that work, it will have a knock-on effect through every industry at a massive scale. People don't seem to realize that while say, 10M jobs are lost in one industry, that industry gets goods and services from other industries and the demand lowers across the board and then compounds.