Robots and Purchasing Power

 

Is the USA ready for jobs to be replaced by AI/humanoid robots?

What we must consider is that it is not just jobs that will be replaced but AI alone will demand, at the rate it is growing, twice our current electrical output.

Electric Vehicles will not grow as rapidly as predicted, but humanoid robots will.

It will all be over but the shouting by 2030 or earlier where just a year or two ago, experts were saying not until 2040 or beyond.  Obviously, they were WRONG.

Without jobs, Americans CANNOT BUY much of anything unless the government provides them with a minimum level of income that is survivable.  In order to do this appropriately, the wealthy will be forced to pay a lot more taxes and higher tariffs must be initiated.

This will screw up our international trade deals and make the US the enemy of the rest of the world.

However, the rest of the world will be in a similar situation because robots will be replacing their jobs as well.

Technology will PUSH US INTO A POSITION where the governments with the help of corporations will provide for the people even if the people do not work.

How can this happen?

If robots replace workers because it is cheaper to manufacture that way, then who will buy the product if the worker is not working - they will have no money.

So, why manufacture, if a majority of the people don't have the money to buy.

THEREFORE, somebody must provide the people with the means to buy as they are not working...

Somebody did not think this through very well.