The Economist published a piece, AI has not started a jobs apocalypse, but governments are unprepared for the shock.
"Eventually humans could, like horses in the age of the car, become uneconomical. Income may go mostly or entirely to owners of capital, who then go on to spend it on things that are made by AI and robots using natural resources that they monopolise."
- The Economist
The article further says, history says technology usually creates new work, but history does not guarantee good work.
Goldman Sachs predicts Data centres will account for 8.5% of America’s peak power demand in 2027, up from 4.1% in 2025.
The concern is income shifting from labor toward owners of machines and resources.
