If AI Takes Most of Our Jobs, Money as We Know It Will be Over. What Then?

upstart writes:

If AI takes most of our jobs, money as we know it will be over. What then?:

[Disclosure statement: Ben Spies-Butcher is co-director of the Australian Basic Income Lab, a research collaboration between Macquarie University, University of Sydney and Australian National University.]

It's the defining technology of an era. But just how artificial intelligence (AI) will end up shaping our future remains a controversial question.

For techno-optimists, who see the technology improving our lives, it heralds a future of material abundance.

That outcome is far from guaranteed. But even if AI's technical promise is realised - and with it, once intractable problems are solved - how will that abundance be used?

We can already see this tension on a smaller scale in Australia's food economy. According to the Australian government, we collectively waste around 7.6 million tonnes of food a year. That's about 312 kilograms per person.

At the same time, as many as one in eight Australians are food-insecure, mostly because they do not have enough money to pay for the food they need.

What does that say about our ability to fairly distribute the promised abundance from the AI revolution?

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