The wellness industry could be one of the biggest beneficiaries of Ai-drive job destruction. Image: LinkedIn Screengrab Prominent economist Nouriel Roubini likes to make bold predictions. Known as “Dr. Doom,” Roubini recently claimed that the AI revolution would lead to an enormous increase in wealth and a massive drop in consumer prices, but job losses that could be as high as 80% in many sectors. To maintain economic activity and prevent widespread social unrest, Roubini predicts that governments will introduce universal basic incomes (UBI), unconditional payments that would replace social security, unemployment compensation and other social benefits. AI will be taxed to cover part of the cost. Roubini’s timeline for the end of most work – 20 years – is optimistic, but AI will ultimately eliminate the need for […]
Original web page at asiatimes.com
