What happens to economies when productivity no longer depends on humans?
There is a lot of economic models used by people nowadays, and one basic presumption underlies all of them:
Manpower = productivity.
However, with increasing pace of automation and AI development, it may become invalid gradually.
In case machines will be able to perform such tasks as:
Coding
Designing
Support services
Even making decisions
It starts posing certain questions:
What will become of consumption driven by wages?
How to impose taxes on productivity that does not involve humans?
Will it lead us to brand-new economic model creation?
Such economic experiment was never undertaken before by mankind.
And the question is not even about jobs disappearing but rather about a necessity to change the whole economic structure.