> And they have to work somewhere. If there are no jobs these new grads can "flip burgers" or something, but more likely they'll find someone willing to hire them to crank out code.
If there are no jobs, then how? The market doesn't have to use up the entire supply of skilled workers. It's not going to create jobs just to give people jobs.
1) create enough of a safety net or give people enough cash that they can start businesses taking advantage of the increased productivity of ai
2) austerity: let them get fired from jobs in failing industries with no safety net, they will not have the opportunity to create businesses, and they will work in crappy tedious jobs a robot or ai could easily do, but because companies can afford cheap humans and they don’t have capital for robots, they will hire people desperate to do anything to keep their family from homelessness.
If there are no jobs, then how? The market doesn't have to use up the entire supply of skilled workers. It's not going to create jobs just to give people jobs.