Most people will live off a basic salary paid by the government (otherwise known as Universal Basic Income), while AI will do all the work for us. Elon Musk held several talks about UBI, while Bill Gates predicted AI will overtake most jobs perfomed by humans in the future. Global population within 10-20 years from now will diminish due to low birth rates. We will live in a world where we won't truly own anything, as companies will have the power to decide what you will use and when to use it (like some sort of rent). With RWAs (Real World Assets) and NFTs, we're getting closer to such a reality.
How do you think the global economy will change in the future? Will current geopolitical tensions and economic uncertainty (trade wars, rising inflation, etc) force us to such drastic changes (AI, QCs, etc)? How long do you think will it take for such changes to materialize?
Your input would be greatly appreciated. Thanks.
How do you think the global economy will change in the future? Will current geopolitical tensions and economic uncertainty (trade wars, rising inflation, etc) force us to such drastic changes (AI, QCs, etc)? How long do you think will it take for such changes to materialize?
Your input would be greatly appreciated. Thanks.
That sounds like the ideal scenario, everyone always raves about universal basic income and that might exist a few hundred years down the line, but currently we are very far from ever achieving that. It's great that billionaires preach about it, but they are as far from the reality of it as possible - you don't see them giving up any of their staggering wealth income to support such a project. It almost goes against the idea of capitalism as well, because you actually take away motivation from some people if they are handed a living on a silver platter. Even if it were to somehow materialize in the richest countries, let's say Saudi Arabia or Norway, then there will always be other countries who would become akin to slaves, grafting away to support these other countries who own everything.