I think we can already see what happens when jobs get scarce and salaries don't keep up with prices, because it has already been happening almost everywhere. Not because of AI, yet, but if AI accelerates it, you can sort of see where things are trending.

People can't afford even basic needs like housing and consume less. Even businesses like McDonald's, that usually do well when people are low on money, are starting to feel the pinch.

Economic troubles tend to become social unrest. Mass protests recently erupted in Spain over housing prices for instance.

Social unrest and economic uncertainty breed political instability and tribal thinking (we have to protect our homes, our country first) which result in violent power takeovers or democratic approval shifting to political parties that can most effectively "speak" to our fears and self-preservation instincts.

If AI really kills 30% of the jobs while, at the same time, driving energy prices up, it's exponentially more of what we're already seeing.