Other businesses.
If the "people don't have jobs" due to AI, consumer goods companies will go out of business, and society's resources will get redirected to non-consumer businesses and the passion projects of the ownership class.
Other businesses.
If the "people don't have jobs" due to AI, consumer goods companies will go out of business, and society's resources will get redirected to non-consumer businesses and the passion projects of the ownership class.
Outside Soviet Russia, there has to be an end consumer in there somewhere. There isn't such a thing as a truly "non-consumer business."
And I answered that. The ultimate consumers will be a group of wealthy people who control the productive resources using AI and use them to pursue their personal goals. There will be some B2B exchanges between those people, and perhaps a smallish cadre of employees who's labor is still useful to the wealthy, but most commerce as we know it will grind to a halt because the vast majority workers' labor won't be valuable to those who could pay them.
I think this is a dead angle for a lot of AI experts. That sudden bump in efficiency might ruin large parts of the markets businesseses are built upon.