What if artificial intelligence made work obsolete?

Summary:

The world of work is regularly disrupted by technology development. From mass production to word processing, innovations have regularly transformed our working lives and, with them, the broader economic system. Artificial intelligence (AI) is the latest in a long line of such technologies. What would happen if AI worked just as well as (or perhaps better than) humans, without taking holidays, getting sick, joining unions or drawing salaries?

Further information:

This At a Glance document is part of the Scientific Foresight: What if? series.