If AI Takes All Of Our Jobs... Who's Going To Buy Everything?

If AI Takes All Of Our Jobs... Who's Going To Buy Everything?12:58

Informations de téléchargement et détails de la vidéo If AI Takes All Of Our Jobs... Who's Going To Buy Everything?

Auteur :

How Money Works

Publié le :

28/07/2024

Vues :

2.4M

Description :

Companies have long sought ways to reduce labor costs through downsizing, outsourcing, streamlining, understaffing, or automation. Recent advances in AI—such as large language models, general-purpose robots, and generative tools—are now actively replacing jobs and improving daily. While this trend is detrimental to workers, executives and business owners are left to ask: if everyone’s job is automated, who will purchase the products and services? The good news is that labor‑reduction technologies have already saved millions of man‑hours in the U.S. and increased the efficiency of the remaining workforce. AI simply adds another tool to extract more output from fewer staff or to replace entire teams. For example, a part‑time Photoshop specialist at Works Media Group used to manually cut out images for animations, but now Adobe’s built‑in AI can remove backgrounds automatically, eliminating the need for that role. This shift is part of a broader trend that has been underway for years, and it’s time to explore how companies are adapting to a world where automation is pervasive and consumer purchasing power is uncertain.