No extra value was generated in the example. If anything, AI in this example reduces the price of the product AND employment.
Value was destroyed.
The hope is that all these unemployed engineers can somehow generate value? Even if they do they need to generate enough value that would employ 4 engineers.
Value was destroyed.
The hope is that all these unemployed engineers can somehow generate value? Even if they do they need to generate enough value that would employ 4 engineers.