The economics work out just fine. Their actual target business model is replace every knowledge worker. Their thought process is "look at all these people making 150k+, we can do their jobs for 10% of that, think how much money that would be if we had all of it"

Sure, the next step is complete regression to feudalism, but they aren't thinking that far ahead, they just want to take every job in existence that isn't physically turning a proverbial wrench.

It’s wild to me that anyone can have that thought and yet not think about what happens to everyone whose job you took. Especially in a country with citizens known for owning guns.

Especially after seeing what the “learn to code” movement has brought people into, I can’t imagine those people will just roll over and peacefully enter homeless encampments..

the moment AI is capable enough to replace every knowledge worker and all knowledge workers are fired and/or dead the AI companies will just hike up the price for access to their bots until every company is paying at least as much if not more than what they were on human workers.