During the internet’s transition to the mainstream we saw a huge run up and then the dotcom bubble burst. Will we likely see a similar pattern play out with AI in the coming years?
On the one hand you have the massive productivity increases and cost savings granted by robots and cheaper automated labor. But on the other hand many retail investors may be unable to continue participating in the stock market due to losing their jobs to robots or AI.
Will the rise of a global useless class that can’t buy things because they have no income hurt profits? Or will enough new jobs be created to replace the ones lost? (I’m skeptical)
I don’t know if this is the right place to post this kind of a question but any related subreddits or articles or videos are more than welcome and I’ll try to comment on as many replies below as possible. Let’s start a constructive discussion about what might happen and what is most likely to happen to the stock market in the future.
Submitted March 26, 2018 at 11:09AM by expatfreedom https://ift.tt/2pHuVnK
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