So a lot of people might lose their jobs because of AI, right? But the same amount of economic output, probably more, will be produced because of AI. By whom will that output then be consumed? If people don't have jobs they don't have money to buy and therefore ... prices will have to come down! Society as a whole will be better off because there is more output, better quality output. Then it's for us to vote in a go…
I don’t see Keynes’ theory we would all be working drastically fewer hours per week suddenly materializing due to AI. As always we’re just going to try to output more in the same time. The fact I, a manager, can “vibe code” some bugs away between meetings does not mean I will benefit from having one less dedicated engineer.