Most important question of the twenty-first-century economics: what to do with the superfluous people after we will have highly intelligent non-conscious algorithms that can do almost everything better?
As long as machines competed humans merely in physical abilities, there were countless cognitive tasks that humans performed better. What will happen once algorithms outperform us in remembering, analysing and recognising patterns?
Over the last few thousands years we humans have been specialising. For AI to squeeze humans out of the job market it needs only to outperform us in the specific abilities a particular profession demands. The crucial problem is not to create new jobs but to create new jobs that humans perform better than algorithms.
Very soon the traditional model where life was divided into two main parts,a period of learning followed by a period of working, could become utterly obsolete and the only way for humans to stay in the game will be to keep learning throughout their lives and to reinvent themselves repeatedly.