In my words it is the idea that those who don't build wealth before AI is capable enough to replace them, will be put in a position to be forever poor unable to find work.
Heres how Guillermo Flor put it 'Today, it has become repopularized as a viral term for a theory that posits that people have a limited window of time to build wealth before A.I. and robotics are advanced enough to fully replace human labor.'
What are you all thinking,
Disclaimer, I remain neutral, I do not believe or disbelieve in this theory.
The real concern is the mind trap, where humans naturally become set in their ways through comfort, convenience, and limited ideology such as learned helplessness.
In every demographic, there will be those lucky, or motivated to break away, or inspired. And in every demographic there will be those who simply stay the same until something makes them change.
I liken this circumstance to that of literacy. One can literally teach themselves anything through dedicated self learning. Few do. Those who do break out and into a new tier of some other constraint.