This argument is old, and pretty lazy.
Basically, they are saying that AI both creates and destroys jobs. Well no shit.
The problem is, the average truck driver isn't going to retrain and relocate to San Francisco. He will just be out of a job.
Basically, they are saying that AI both creates and destroys jobs. Well no shit.
The problem is, the average truck driver isn't going to retrain and relocate to San Francisco. He will just be out of a job.
Seems like the problem isn't with demographics but the economic system if the problem is perpetual and impossible to correct.
It seems to be qualitatively different than when people left farms to go to factories, or factory jobs to office jobs.
(edit: typo, added last sentence)
There is a fringe subfield of steady-state economics: https://en.wikipedia.org/wiki/Steady-state_economy
But we won't be back to the same demographic issue, because the issue that they people who retire now in the west are the last generations that were bigger than their parents generations (it has a formal name, but you can roughly think of it as many kids born, many kids die transitioning into many kids born, few kids die into what we have now which is few kids born, few kids die).