A low employment rate will become the norm in the future; with AI, having one more screen can replicate another employee, but the efficiency of managing people is actually very low, and there are also emotional and management costs involved.

AI is rapidly iterating, companies are laying off a large number of employees, while productivity is greatly increasing, and we will not fall into recession. Both fiscal policy and monetary policy need to ensure the welfare of residents, and under high unemployment rates, measures will be taken in a relatively loose manner to guarantee residents' welfare.

The growth of labor productivity inevitably requires a transformation of the labor market, because in the past I used to spend two days making PPTs, but now I can finish it in just 2 hours.

When the robots come again in the future, job positions will be compressed once more. This is one of the reasons why Trump wants to bring manufacturing back and keep jobs in the United States.

Thanks to teachers watson and scott for the inspiration