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This article explores the impact of artificial intelligence on economic structures, arguing that while AIs may outpace humans in productivity, there will still be a demand for human-created status goods, referred to as Veblen goods. It suggests that the pursuit of status and exclusivity will sustain human employment despite automation.
The article discusses the global trend of declining birth rates and its significant impact on economies, particularly in wealthier countries. As families opt for fewer children, populations are aging, leading to potential challenges such as worker shortages and increased pressure on social services. Experts warn that this demographic shift may require substantial changes in society and economic models.