I dont think that will be the future. Maybe in the first year(s) but then it is a race to the bottom:
If it is that simple to create products more people can do it => cheaper the products.
A market driven by cheaper products that can also produce them easily is going into a price reduction loop until it reaches zero.
Thus I think something else wil happen with AI. Because what I described and what you describe is destroying the flow of capital which is the base of the economy.
Not sure what will happen. My bet (unfortunately) is on a really big mega corp that produces an AI that we all use.
Products will be cheaper because they will be cheaper to produce thanks to automation. But less jobs mean less people to buy stuff, if it weren't for a credit-based society.
But I'm talking from my ass. I don't even know if there are less jobs than before. Everything seems to point that there are more jobs now than 50 years ago.
I'm just saying I feel like the telephone operators. They got replaced by a machine and who knows if they found other jobs.
If it is that simple to create products more people can do it => cheaper the products.
A market driven by cheaper products that can also produce them easily is going into a price reduction loop until it reaches zero.
Thus I think something else wil happen with AI. Because what I described and what you describe is destroying the flow of capital which is the base of the economy.
Not sure what will happen. My bet (unfortunately) is on a really big mega corp that produces an AI that we all use.