How to plan for the AI-Driven World: What to Expect in the Next 10–20 Years
Planning for the Future in an AI-Driven World: What to Expect in the Next 10–20 Years Artificial intelligence and robotics are transforming the way we live, work, and consume. As automation becomes more advanced and widespread, it is expected to reshape the economy significantly over the next two decades. Understanding these changes now can help individuals make better career and investment decisions for a stable and secure future. AI Will Make Production Cheaper, But Will Consumers Be Able to Buy? One major effect of AI and robotics is the reduction in the cost of producing goods and services. Machines can perform tasks faster and more efficiently than humans in many cases. This will likely make products cheaper and more accessible—at least in theory. However, if many people lose their jobs to automation or face stagnant wages, overall purchasing power could decline. That means even if products are inexpensive, fewer people may be able to afford them, reducing demand and affecting...