For example, only a year or two ago, Spotify told its employees not to hire anyone until they were sure that they couldn't use artificial intelligence.
Companies have already given clear instructions in this area. They know perfectly well that, to remain competitive, they'll need to cut spending. Yet salaries are the biggest expense. If we end up in a world with soaring unemployment rates, the reduction in income tax revenue will take a huge toll on the government.
We can currently see that the impact on employment is concentrated in certain sectors, such as information technology and the creative industries. This phenomenon will ripple throughout the economy. We don't know whether it will happen quickly or slowly. We'll see.
However, without a plan in place to support these people who will lose their jobs and to ensure that the government generates enough revenue to maintain operations—if it's so dependent on income tax revenue—the current situation is really a harbinger of things to come.