AI predicted to drive unemployment as high as 90%
A future where almost nobody works for money is being pitched as good news for the rich and unsettling for everyone else, with taxes on AI profits paying the bills.
- Cheap AI labor — lawyers, accountants, designers for the price of a monthly subscription — would wipe out most paid jobs.
- Unemployment could reach 90%, but the remaining economy would grow so fast that taxing it could fund checks for everyone else.
- Wealth would not disappear; scarce things like waterfront property, art, computing power, and Bitcoin would still be how people measure and trade value.
- Young people are being told degrees may not pay off — a decade of medical school assumes a world that may not exist by graduation.
- Elon Musk's claim that robots will out-perform the best surgeons within a few years is treated as directionally right but too optimistic on timing.
Outlook: Expect more pressure on white-collar and entry-level work first, with basic income moving from fringe idea to mainstream debate.