If AI fails to continue to improve, the worst-case economic outcome is a short and mild recession and probably not even that.
Once sector of the economy would cut down on investment spending, which can be easily offset by decreasing the interest rate.
But this is a short-term effect. What I'm worried is a structural change of the labor market, which would be positive for most people, but probably negative for people like me.
Once sector of the economy would cut down on investment spending, which can be easily offset by decreasing the interest rate.
But this is a short-term effect. What I'm worried is a structural change of the labor market, which would be positive for most people, but probably negative for people like me.