mutually exclusive

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People have speculated for centuries about a future without work, and today is no different, with academics, writers, and activists once again warning that technology is replacing human workers. Some imagine that the coming work-free world will be defined by inequality: A few wealthy people will own all the capital, and the masses will struggle in an impoverished wasteland.
A different, less paranoid, and not mutually exclusive prediction holds that the future will be a wasteland of a different sort, one characterized by purposelessness: Without jobs to give their lives meaning, people will simply become lazy and depressed.

(This comes from Would a Work-Free World Be So Bad? by Ilana E. Strauss on Jun 28, 2016.)

Let me call the red part Prediction 1, and the blue part Prediction 2.

Does "not mutually exclusive" mean "Prediction 1 and Prediction 2 are not mutually exclusive"? That is, Prediction 1 and Prediction 2 could coexist.

Thanks in advance!
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