Wake up babe, new DC just dropped
when the time comes, the lizards which rule us will eventually trigger a painful recession, but i'm not convinced that time is now. i think the easier most in the near-term will be to pivot back to looser monetary policy
but when that lizard-driven recession does hit, AI will be much more fully developed than it is now
i spent 15 years as a management consultant, and while you could say that job was also unnecessary, it nonetheless gave me perspective on how a lot of different orgs work
here's the thing: i'd estimate 20-50% of jobs in most legacy organizations are pretty much unnecessary, especially in an AI world
these employees are not direct value-add to customer/stakeholder needs. they support (sometimes necessary) processes needed to allow others to deliver value, but they are not directly in the "value chain" themselves
what AI will reveal, as the all-knowing, capable of digesting any large document or dataset in seconds and giving you an analysis of it, is how unnecessary all of these people are to the functioning of a successful enterprise
you see, within any large organization, bureaucracies and fiefdoms develop in these areas outside of the value chain. they all fight for budget and relevance. and they create work and detailed business to continue to justify their existence
so when the lizards are ready, and when the AI tech is ready, they will trigger that calamitous recession (i'd estimate in the next 5-10 years). until then, they will use their money printing tricks to keep things moving. but when they trigger it, when they shutoff the money because they can't reasonably print anymore without destroying the shared belief in it, there will be a mass displacement of employees from these enterprises
but let's say it only affects 10% to 20% of the general population. that is a huge number of people who could be unemployed. now we either find new, higher-level work for these people to do, immediately, where they all direct or partner with AIs, or they hit the unemployment line. and if they hit the unemployment line, well, these people vote, and they will vote for change
and that is when we will see a new societal regime take hold. expect the rollout of universal basic income (UBI) in short order. of course, this comes with new complications like potentially disrupting the "capitalist-worker loop" which keeps everyone engaged and working 8-12 hours a day. the lizards will likely impose heavy taxes on the capitalists, and provide subsidies on those taxes to corporations which still employ actual humans. that will seem draconian, but it will be necessary until we figure out what comes next
but within such a system, "quiet-quitting" will be even more rampant than it is now, as disaffected employees realize, more starkly than ever, that they basically serve no productive purpose. they are there to serve as a tax write-off for their corporation
the people who are still doing actually productive work, or those who own productive capital, will become fantastically wealthy during this time. while legislation will seek to curtail those profits in the interests of societal stability, democratic societies relying on campaign fund-raising will be wholly captured by the ~3-5 mega-corporations which emerge in such an environment
and those corporations will either usher in a cyber-punk reality where human lives are devalued to the point of irrelevance, where they are simply vessels which collect UBI which is then recycled back into said corporations
or those corporations will seek to create an authoritarian utopia administered by a (hopefully) benevolent AGI, where citizens still collect UBI and still recycle it back into said corporations
capitalism in such an environment doesn't die, but it is confined to the fringes which the AGI chooses not to serve. and people won't complain because they'll still trust the algorithm much more than they trust other people
anyway, thank you for reading my fan-fiction. i really enjoy this simulation, and i hope you do, too
now, on with your day, citizen