Technological advancements have enhanced production efficiency, reducing the labor required for merchandise production. However, overall social demand grows slo

Technological advancements have enhanced production efficiency, reducing the labor required for merchandise production. However, overall social demand grows slowly (an individual only has 24 hours a day, eats three meals daily, and replaces one phone annually). Consequently, more labor is being squeezed into service industries to become appendages in the value chain, or entirely excluded from production relations. This is a self-destructive vicious cycle doomed to collapse. so > just reduce the amount of money circulating in the consumer economy This is why we have Keynesianism, fiscal overspending, and inflation. > where the middle-class jobs are that arise from widespread deployment of AI, Who's investing in those? At present, truly substantial AI investments are focused on upgrading existing industries rather than pioneering new ones(besides AI industry itself)—such as medical imaging diagnostics or industrial robotics. While the steam engine led to the global expansion of railways and the internet digitized all business operations, AI has not yet to demonstrate such revolutionary transformative power.