We will absolutely not be able to continue with our way of life. Significant portions of society will NOT be able to contribute “value” (the the capitalistic sense) to society.
What happens then? A bunch of young, lonely, disenfranchised people? Just bread and circuses with AI proliferated entertainment to keep the masses placated?
My opinion on the AI (ML) is that is lift up all the bad things, most people are focusing on what it have given the general public with the most common dataset and forget about the more specialized dataset. For example, they have an AI that can do brainscans in MRI and convert it to video, aka we can scan coma patients brains and see what they are thinking while in coma, record dreams and other cool stuff.