A fictional scenario set in June 2028 explores the economic impacts of AI adoption. It describes AI boosting corporate profits but leading to mass layoffs, weakening consumer demand and creating a dangerous feedback loop. The resulting labor displacement threatens $13 trillion in mortgages and could shift payments toward stablecoins on blockchains like Solana and Ethereum.
A widely shared fictional memo set in June 2028 presents a future where AI dramatically reshapes the economy. The scenario describes equity markets initially soaring as AI drives productivity and corporate profits higher.
This efficiency, however, leads to widespread labor displacement as companies replace roles with software. The subsequent drop in consumer spending triggers more layoffs, creating a negative feedback loop that eventually crashes markets. The memo states “The S&P is down 38% from its highs. Unemployment just printed 10.2%.”
A key risk highlighted involves the housing market, with roughly $13 trillion in mortgages vulnerable to rising defaults. Wealth concentration deepens, with the top 10% of earners accounting for over half of all consumer spending.
The narrative also suggests a potential transformation in payments. AI-driven purchasing agents could bypass traditional card networks and their fees. Instead, they might settle transactions using stablecoins on fast, low-cost blockchains like Solana and Ethereum.
Analysts within the scenario link this increased wealth concentration to a surge in interest in Bitcoin. While a work of fiction, the story provides a framework for executives to consider how technology might radically alter economic and digital asset systems.
