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AI will reduce workforce, say 41% of execs in a survey
(www.theregister.com)
This is a most excellent place for technology news and articles.
I always ask myself who will buy the products these companies produce if all the workers have been fired. Maybe inflation is just the natural ramp up to McDonald's charging 5,000 dollars for automated chicken nuggets when there are only billionaire left with money lol.
When it's cheaper to make the products because you don't have to pay anyone, people will look at that manufacturer and think... wow I can start a business like that and make an easy profit? Competition will drive down prices.
I think their point is that when everyone's income is $0/hr price becomes pretty much irrelevant (unless also $0)