Stage 1 of AI consequences.

The public is of 3 minds regarding AI. They are oblivious, afraid of the technology, or see it as the path to utopia. Few are considering the real impact of AI.

Companies will fire millions of people whose job can be done by AI. They must do it to remain competitive. High levels of unemployment will trigger a an economic super storm as government revenue (tax collection) falls and millions become homeless overnight. How will society function when this collapse happens? It is inevitable, yet nobody is discussing options.