Contemplations on the Tree of Woe ⢠2352 implied HN points ⢠27 Feb 26
- AI is already replacing knowledge workers at scale, and large layoffs threaten the wage-driven circular flow by removing consumers, which could lead to oversupply, deflation, and economic contraction.
- There are three broad responses: broadly distribute AI ownership so people earn dividends, provide a government-funded universal dole to replace wages, or pay people a "data dividend" for their human-generated contentāeach option has big trade-offs and wealth concentration makes broad ownership unlikely.
- The social and political effects matter as much as the economic ones: ownership preserves dignity and political independence, while dependence on state handouts or platform extraction risks techno-feudalism and erosion of civic life.