Future retirees predicted to live in luxury, how come? Tech – 18 hours ago

Jakarta, CNBC Indonesia – Retirees in the future can live in luxury thanks to artificial intelligence or AI technology.

The book is entitled Superabundance published in 2022 by Marian Tupy and Gale Pooley, looked at each increase in population growth as well as global resources growing eightfold.

The author of the book says that the cost of goods and services will shrink over time. Moreover, working hours spent buying various kinds of goods have also decreased.

Technological sophistication will reduce the costs of producing goods and services. Because, the more hands and machines are used in production, the more products and services are produced.

Then, there is the question of the division of labor between humans and technology in the future. Artificial Intelligence (AI) investors and scientists predict that AI will soon enable automation of 80% of jobs.

This means that humans will have mechanical assistants who produce and also give birth to ideas. Billions of machines will work without needing to rest, as quoted from ForbesWednesday (8/11/2023)

This will certainly influence future economic growth with surprising results.

So what does this have to do with retirement? This means that the time costs of acquiring goods and services in retirement will decrease.

In other words, all the worries about everyone’s lack of savings for retirement could be a thing of the past.

Never forget that society is a 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.”

It is predicted that retirees will live in luxury with prices of basic necessities continuing to decline.

[Gambas:Video CNBC]

(fab/fab)