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Of course, technology gives capital a way to replace labour, which I assume is PG's fundamental point. At some point, the value of labour will have to be decou
by polemic 11y ago
Of course, technology gives capital a way to replace labour, which I assume is PG's fundamental point.
At some point, the value of labour will have to be decoupled from remuneration almost entirely. As a society need to re-adjust our thinking on the meaning of welfare, quality of living and the value of work.
I do wonder, if wealth were more equally distributed, whether we'd already be in a post-scarcity economy, at least in the developed nations.