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I think the economic value of people overall will decrease (a lot will lose their jobs) but the value of workers (increasingly specialized ones which cannot be
by jondubois 11y ago
I think the economic value of people overall will decrease (a lot will lose their jobs) but the value of workers (increasingly specialized ones which cannot be replaced by machines) will keep increasing (until they too become replaceable).
I think the value of all physical assets will decrease dramatically (due to constant increases in economic productivity). So in effect, those who manage to hold on to their jobs for the longest will be able to accumulate the most wealth in the end.
...Then in an effort to optimize energy consumption, machines will genetically engineer us to require fewer and fewer resources. Until we become amoeba.
- bobm_kite9 11y agoYeah I think I basically agree. I'm not sure about physical assets though. The way to price those is to PV the future cash flows. However, if interest rates are zero, PVs are infinite.. so we need a different approach. Or, if we continue to use PV, then as rates get lower, physical assets increase in price. But yeah, I'm pretty sure the amoeba will have zero-rates.