I started to notice a intense automation and Artificial Intelligence Investments from companies and that made me wonder, what would happen or what should be done with the people who can’t be trained for a new job and can’t use his current skills to to get a job.
How would he live or what would he do in life? More importantly, what should be done with him to make him useful or at least neutral rather than being a negative on the society?
What if their wages hadn’t allowed them to build up a 401k? They likely won’t be able to survive on social security alone.
I don’t even really know what a 401k is, I’m not from the US. The fact that globally social security systems are failing due to neglect and tax gifts for the rich is a whole other issue.
Fancy savings account for retirement that’s stored in stocks so it can explode at any point. Basic perquisite to ever retire in the US. Many people don’t have them.
In the US, pensions have become extremely rare, and were mostly replaced with a 401k, which is essentially a tax deferred stock market account. Often your employer will match contributions that you put into it up to a certain point.
Alright. Sounds like bullshit that you’re going to have to deal with, whether or not we’re facing the AI apocalypse, and I sympathise.