Will the AI revolution force people to save and invest more wisely?

Reddit r/ArtificialInteligence News

Summary

The article speculates that the AI revolution, which may make jobs replaceable every 3-5 years, could force people to save and invest more wisely, drawing on historical examples of adaptation under difficult circumstances.

Somewhere between 60 and 70% of people in the world live paycheck to paycheck; and while that's not ideal, it's been doable for a long time because people have lived with the mentality that as long as you continue showing up to your job, you'll get your next paycheck. But many people predict the AI revolution will make jobs become replaceable every 3-5 years. If this is the case, and you can never be sure that you're going to have a job next month, will it essentially force people to be smart with their money? I feel like some people might give a rather pessimistic response to this and say that people are lazy and foolish and won't prepare for the future, but I honestly am not so convinced. There's been countless examples in before in history where difficult circumstances have forced people to adapt in creative ways. Maybe the most basic example is the global dominance of western civilization, caused partly by Europe's cold climate which forced people to plan ahead for winters where food is scarce. If that happened, is it too far-fetched to assume that AI might force people to always have money set aside for when their jobs get taken by machines?
Original Article

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