| Present day economics depends on a key premise: that labor markets self-correct after technological disruption. Steam displaced farmers. Electricity displaced the steam worker. The computer displaced the typist. Every time, new jobs emerged and flourished, and the world (and employees) ended up better than before. Economists built careers on this pattern. Policymakers bet civilizations on it.That assumption is now breaking.Prior disruptions were sectoral. AI is not. Large language models, multimodal reasoning systems, and humanoid robots are not displacing one type of work — they are displacing all types of work, and the economic value of human time itself, across every sector, simultaneously.There is no adjacent labor category to retrain into. The escalator that carried workers from disrupted industries to new ones for two centuries has no destination… it is crumbling. To read the full article, click here. |
From UBI to UHI (In 3 Steps)
