Comment

Comment on If AI Takes All Of Our Jobs... Who's Going To Buy Everything? | How Money Works (12:58)

There wouldn’t be enough rich people to buy all the excess that gets produced. Even if you’re a trillionaire there’s only so many phones/cars/shoes/watches etc. that you want to buy.

source

Sort:hotnew top

acosmichippo@lemmy.world ⁨3⁩ ⁨months⁩ ago

There wouldn’t be enough rich people to buy all the excess that gets produced.

why would there need to be excess? they simply reduce production.

source
- Thorny_Insight@lemm.ee ⁨3⁩ ⁨months⁩ ago
  You don’t get rich by producing and selling 2000 iPhones
  
  source
  - acosmichippo@lemmy.world ⁨2⁩ ⁨months⁩ ago
    they don’t need to “become” rich. they ARE rich already, and when we are gone it’ll be a totally different world economy. It’ll be a billionaire utopia where money has essentially no meaning anymore.
    
    source