The American economy minus AI is most definitely in a recession. The common people are struggling to buy groceries. Wages have been stagnant and prices go up and up.
The problem is that AI is ultimately a luxury good. Even at it's currently ultra-subsidized rate, it's hard to justify. If it gets any more expensive, no consumers will buy it.
Which might be fine, if we turn to enterprise. Except: a problem. Companies produce goods, which people then buy. AI can replace labor maybe, but it can't replace consumers.
The problem is that AI is ultimately a luxury good. Even at it's currently ultra-subsidized rate, it's hard to justify. If it gets any more expensive, no consumers will buy it.
Which might be fine, if we turn to enterprise. Except: a problem. Companies produce goods, which people then buy. AI can replace labor maybe, but it can't replace consumers.