Customers that have funds available to purchase the services you offer and who are willing to actually spend that money are a hard requirement to maintain any business. If white collar and service industries are significantly disrupted by AI this necessarily reduces the number of potential customers. Thing is you don't have to lay off that many people to bankrupt half of the contractors in the country, a decent 3-5 year recession is all it takes. Folks stop spending on renovations and maintenance work when they're worried about their next paycheck.
Money mean nothing. It is simply medium of exchange. The question is, is there anything to exchange? And the answer is yeas, and position of white collar workers doesn't affect availability of things for exchange. There's no reason for recession, there is nothing that can hinder ability of blue collar workers to create goods and services, all that things that when combined is called "wealth".
Don't think in the meaningless category of "what set of digits will be printed in the piece of paper called paycheck?". Think in the terms, that are implied: "What goods and services blue collar workers can't afford to themselves?". And it will become clear that the set of unaffordable goods and services to blue collar workers will decrease because of the replacement white collar workers with AI, because it is not hinder their ability to create those goods and services.
You think so? Give me the contents of your checking, savings, and retirement accounts and then get back to me on that.
> position of white collar workers doesn't affect availability of things for exchange.
You appear to be confused about the concept of consumers, let me help. Consumers are the people who buy things. When there are fewer consumers in a market, demand for products and services declines. This means less sales. So no, you don't get to unemploy big chunks of the population and expect business to continue thriving.
>When there are fewer consumers in a market, demand for products and services declines.
No, demand is unlimited and defined by the amount of production.
>You don't get to unemploy big chunks of the population and expect business to continue thriving.
I mean, generally replaced worker with the instruments - is the main way to business (and society) to thrive. In other words, what goods and services will became less affordable to the blue collar workers?
