Submitted 6 months ago by MECHAGIC@lemmy.world to [deleted]
This happens to varying levels during most economic crises. Basically it results in contraction of the economy as companies cut expenses, I.e. wages. Usually there is some consolidation so that fewer, stronger firms can survive the downturn.
Then things get better.
They might be able to produce things with automation and AI and only sustain a small lower class to maintain those machines.
The working class are a necessity until full automation is possible, at which point we will be genocided with kill bots. (except for the hottest of us all who will remain sex slaves.)
Maybe it drives unity?
Once the poor people have no money for bread they will feast on richflesh.
They might go on fire a bit.
LemmyQuest@lemm.ee 6 months ago
They will target wealthy people.