According to the latest polls, at least half of all Americans are nervous about the Artificial Intelligence revolution and the coming age of advanced robotics.

It’s true that rapid change is coming in the ways we earn, learn, and travel, and where and how we live.  It is exciting and scary at the same time. We expect that like the Internet before it, AI/robotics age will turn scarcity into abundance. It may make unaffordability a thing of the past for even the poorest people in America and around the world.

Three out of four people around the world now have at least one cellphone – many have more, and many are upgrading to smartphones, up from one in 25 just before the turn of the century. There are now more cellphones than people.

AI will disrupt some industries, true, but that’s nothing new. As the chart below shows, the internet age also caused massive displacement of certain industries, but the charts below show consumers got more convenience and much lower prices with new tech breakthroughs. Anyone been to a Blockbuster lately?