Viewing a single comment thread. View all comments

Frequent_Example_167 t1_j0sf4e4 wrote

All I can say is that if production is completed entirely by AI and if that amount of production stays at the current level prices would be so low it would be cartoonish. The situation where humans no longer have to produce breaks the concept of current economics. You’ll have a situation where goods are produce so efficiently there costs will plummet. In my academic years I described it as the sword that cuts the knot. It would require an entirely new way of economic thinking. The deflationary pressures on production are already enormous, current inflationary trends are caused almost entirely by logistical problems. That’s why OPEC cuts production. If you figure out a way to produce everything without labor, prices will become cartoonishly low. The core cost of production will be raw materials and even they would theoretically be produced or acquired via AI.

1