ChatGPT predicting the effects of AI and robotics tech advancement in the next 20 years

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Phase 1 — Investment & Innovation (Years 0–5)

  • Wealthy elites fund AI, robotics, and automation.
  • Productivity and luxury output surge.
  • Public fascination and optimism are high; unemployment starts to rise slowly.

Phase 2 — Concentration & Inequality (Years 5–10)

  • AI ownership and profits concentrate in a small elite.
  • Most workers are displaced or underemployed.
  • Mass purchasing power declines, but tech output continues to grow.

Phase 3 — Early Abundance & Friction (Years 10–15)

  • High-tech goods are plentiful, but few can afford them.
  • Social unrest grows; governments may attempt redistribution.
  • Some innovation slows due to shrinking markets for non-essential goods.

Phase 4 — Market Collapse (Years 15–20)

  • Consumer demand falls drastically because the majority have no income.
  • Companies relying on sales of automated products fail.
  • Wealthy investors begin losing capital as markets evaporate.
  • AI-driven productivity is now mostly useless because no one can buy or sustain it.

Phase 5 — Potential Outcomes

  • Without intervention: prolonged economic stagnation or collapse.
  • With intervention (Universal Basic Income, Redistribution, Regulatory reforms): possible stabilization, but requires massive political and social coordination.

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