Hey alokdhir …yep AI might drive productivity per se but there’s a school of thought those displaced by AI will be flat out sorting out the mess it’s created to
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We will learn to be more retried in our lives earlier ...so I can understand people with no work but easy money will spend more and lead to more consumerism but that will be sorted via natural negative feedback loop built by nature ...excess of everything is naturally negative ...which is showing in general obesity levels compared to 100 years back ...thus the return of healthy eating trend !!
And Adrian Orr on RNZ this morning finally saying the economy is weakening, core inflation returning to the band & interest rates likely to start reducing.
No time frame offered, only lower rates are getting closer.
This should see further reductions in the 2 - 5 fixed rates.
https://www.nzherald.co.nz/business/...EZ66DG57KVCLU/
This maybe bad for general masses with low skills but great for companies to boost their profits and productivity
Heard on TV ...Tradies are the best job to train for presently as it will take the longest for AI to interfere with their work space ...