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Nothing in this comment shows anything in the essay that was "wrong". Since market demand is created by people wanting things, it's overwhelmingly unlikely tha
by xiaoma 11y ago
Nothing in this comment shows anything in the essay that was "wrong".
Since market demand is created by people wanting things, it's overwhelmingly unlikely that productivity increases "will put most humans out of work". If they keep doing the same labor, then yes it will be devalued, just as chopping down trees or sewing is valued less in first world economies in 2015 than it was in 1815.
In your hypothetical example where software and robot companies run everything with AI there would be richer people than ever before, but poverty would also be nearly eliminated. Is that worse than a poorer but more equal world? If so, how?