I was underemployed and underpaid when it was still underground, man.

Should we ask EPICAC XIV what people are for?

So robots will provide all the products and services. So humans won't have jobs. If the humans don't have jobs, then they won't have any money to spend on products and services, which means the products and services will no longer need to be produced.

Highly informative. Initially it is worrying, but this automation is purely an economic force, and this process will contribute to lower prices across the board as human salaries are removed from the cost of production. If 35% of the cost of your average "thing" is human salary, then at most, prices should fall 35%. Competition between producers demands that prices will fall to capture market share and consumer dollars. So long as we keep our monopoly rules strong, we shouldn't have to worry about a handful of conglomerates driving up prices by reducing competition.
As for the rest of us, my first intuition for a solution would be a living salary. Government funding of our lives, enough to pay for a comfortable lifestyle. I imagine we will be encouraged to spend our time educating ourselves so we can eventually become employable somewhere, once we all have PHDs, or some future standard. In short, moving to a post-scarcity economy, or at least post-currency, will be necessary, lest 45% of the population live on welfare for their entire lives.

CGPGrey

The machines will still need to be maintained.

Also, the self-programming thing is vastly overstated. Genetic programming is only useful for certain classes of problems, where there's known inputs and outputs. A hell of a lot of software still has very subjective and piecemeal criteria for whether something is good or bad.

Horses were never making economic decisions about what they as producers and consumers wanted. Sure, a lot more of our lives will become automated and so on, but most of the examples given in this video seem to conveniently forget that if humans are categorically unemployed there won't be any point to the companies that are being traded on the stock market, or the software that's intended to be used by people for whatever purposes. If nobody has money they don't be buying the goods and services etc. and everything would collapse pretty damn quickly. I'm not saying that won't happen, of course, but I think it would be pretty quickly self-correcting; it's not like the machines have any need for shitty algorithmic music to listen to, or corn to eat, or inflated stock prices.

The examples of machine music and art mostly prove that engineers (and CGPGrey) know fuckall about music and art.