To be honest, this development is simply the logical consequence of applying the principle of profit maximization.
Unfortunately, technology has now reached such a scale that the people behind the spreadsheets are willing to sacrifice humanity itself.
That, too, is not surprising, because they will only realize their mistake when it is already too late.
Another example of the same principle is climate change.
Its not the world falling apart, just what we understand to be culture.
We thought the machines would take over the jobs to give us time enough to create great works of art of all sorts, and then we find out right at the last minute that actually the machines will be taking care of art because we’re too busy working multiple jobs.
What we understand to be culture changes every fifty years or so. Have you waltzed to a harpsichord or taken the family to a public execution lately? Now, THAT was culture.