AGI succeeds and there are mass layoffs, money is concentrated further in the hands of those who own compute.
OR
AI bubble pops and there are mass layoffs, with bailouts going to the largest players to prevent a larger collapse, which drives inflation and further marginalizes asset-less people.
I honestly don't see a third option unless there is government intervention, which seems extremely far fetched given it's owned by the group of people who would benefit from either scenario presented above.
AGI succeeds and there are mass layoffs, money is concentrated further in the hands of those who own compute.
OR
AI bubble pops and there are mass layoffs, with bailouts going to the largest players to prevent a larger collapse, which drives inflation and further marginalizes asset-less people.
I honestly don't see a third option unless there is government intervention, which seems extremely far fetched given it's owned by the group of people who would benefit from either scenario presented above.