Finance expert warns AI could make today’s economic system obsolete by 2030

Pal predicts that wages could stagnate even as productivity rises, while recent research shows younger workers in certain professions are already facing employment declines.

Photo via When Shift Happens and Raoul Pal The Journey Man (Youtube)

British Indian financial strategist Raoul Pal has warned that the rapid development of artificial intelligence, robotics and other technologies could make traditional economic models obsolete within four years.

When old models fail

“The economic singularity is going to happen in 2030,” Pa…