kaal:claim:6421319-032

Fiscal stimulus cannot restore employment that has been structurally eliminated by autonomous agents able to perform the same tasks at zero marginal cost, so the Keynesian transmission mechanism from aggregate demand to employment dissolves.

Source quote, verbatim

Fiscal stimulus designed to increase aggregate demand cannot restore employment that has been structurally eliminated by autonomous agents capable of performing the same tasks at zero marginal cost.

From

Wulf A. Kaal, The Collapse of Scarcity Economics (2026), VIII.A. The Labor Market Transformation, p. 29
https://ssrn.com/abstract=6421319 · source PDF

Cite as

Wulf A. Kaal, The Collapse of Scarcity Economics (2026). SSRN: https://ssrn.com/abstract=6421319

Holds when

applies where AI substitutes for labor across cognitive and physical domains

Classification

failuresupport: arguedfailure: Keynesian Transmission Failurefamily: human-judgment-displacementeconomics

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