Quote:
Originally Posted by BLACKHORSE 6
I think that while it’s true that (for the most part) returns on assets have always been better than return on labor, it will become especially true if AI takes out all the working professionals. People who own property and other assets will do very well. Everyone else is up a creek.
|
Consider the scenario where all these “others” are no longer productive. Where will the demand for real property go? It seems more likely there would be a consolidation and massive loss of both need for, and resources to direct towards improving, real property.
Not that I believe that this scenario is probable.