This is an interesting piece of research that has been doing the rounds. It speculates about the financial effects of AI displacing workers. In essence, what happens when AI-induced unemployment and wage reduction lead to reduced demand in the economy, even as AI makes sectors more productive.

This kind of speculation is nothing new; people have been wondering about this scenario for years. What interests me about this particular piece of research is the reaction to it. Predictably, Big Tech's defenders have come out criticizing it, yet all around us are the signs that it's coming true.