Jakarta, CNBC Indonesia – Artificial intelligence (AI) technology is predicted to mean that future humans will not need to have a lot of money to live prosperously.

At least that’s according to the book entitled ‘Superabundance’ published in 2022 by Marian Tupy and Gale Pooley. The author says the time cost of goods and services will shrink as time goes by.

Working hours spent purchasing various kinds of goods provided also experienced a productive decline. In principle, the more hands and machines used in production, the more products and services will be produced.

Investors and AI scientists estimate that the technology will enable automation in 80% of the jobs available today.

This means that humans will soon have mechanical assistants that produce and think simultaneously. Billions of machines will work without needing to rest, as quoted from ForbesMonday (11/13/2023)

This will certainly influence future economic growth with surprising results.

This means that the time cost of acquiring large amounts of abundance in retirement will decrease.

In other words, all the worries about everyone’s lack of savings for retirement are just empty talk, the book observes.

Never forget that society is the market. In the future, people don’t save much money because they don’t need much money.

The surest sign of a booming economy is falling prices, and the combination of humans and machines that think and act will result in a “Cheap Revolution.”

Retirees will live in luxury with prices of basic necessities continuing to decline.

[Gambas:Video CNBC]

(fab/fab)